Page 29 - MSME April-May 2017
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Article Textiles; Thermal power; Tourism & Hospitality Manufacturing Competitiveness Programme and Wellness. (NMCP), Marketing Development Assistance Scheme, Cluster Development, ZED Scheme, A number of measures have been taken by the Support for Entrepreneurial and Managerial Government to improve ease of doing business in Development of SMEs through incubators, etc. India, and to make India an attractive destination for investment. Besides Make in India, these, inter-alia, The effect of Make in India on MSME may be include ‘Startup India’ initiative and ‘Ease of Doing observed by the reservation of ‘Make’ projects upto Business’. Steps taken to improve ease of doing Rs. 10 crore in Defence procurements for MSMEs. business include simplification and rationalisation The ‘Make’ projects are those, as mentioned in of existing rules and introduction of information the recently announced Defence Procurement technology, setting up of an Investor Facilitation Procedure 2016, where Ministry of Defence will Cell, launch of e-biz Portal and liberalising policy support Indian Industry in developing items not so for industrial licensing. far made in India”. For bringing investments to the country challenges Ahead and steps taken the Government is taking various measures like opening up Foreign Direct Investment (FDI) in Make in India Campaign is still facing many sectors; carrying out FDI related reforms challenges like tax, lack of Research and and liberalization and improving ease of doing Development (R&D), Innovation, competition from business in the country. The Make in India initiative countries like China etc. is a national initiative targeting development of all states at large. Each state has its own special features Government has taken a number of steps to which make it an ideal investment destination in overcome these challenges and to Make in India particular sectors. This initiative with the support successful. The challenging part is within Micro of State Governments and Union Ministries aims and Small Enterprises, as they are the main victims at development of manufacturing sector of the of stiff competition and non-availability of funds for country as a whole. innovation as well R&D. To overcome these hurdles and make the Make in India a reality the Ministry Make in India and MSME Sector of Micro, Small and Medium Enterprises has taken a number of initiatives. Ministry of MSME has taken MSME Sector is an important link in the supply steps like Udyog Aadhar Memorandum, MSME chain & this strategy not only boosts the marketing Data Bank, Finance Facility Centres, National of the products of MSME but also makes a quantum Schedule Caste and Schedule Tribe Hub to provide jump in Quality & Technology for MSMEs. A professional support to SC & ST entrepreneurs number of initiatives have been undertaken by and many more other initiatives for Ease of Doing Ministry of Micro, Small and Medium Enterprises to Business which are the steps forward to support the encourage and promote existing MSMEs including ‘Make in India’. SC/ST and women entrepreneurs. A large number of schemes/programmes are being implemented Recently, in the Union Budget 2017-18 to address various issues affecting the sector several other measures have been announced including credit flow, technology up gradation, by Government of India to provide impetus to skill development, marketing assistance and commerce and industry. The key initiatives include infrastructure development. The major schemes implemented include Credit Guarantee Fund Trust 1. A Special Scheme for creating employment for Micro and Small Enterprises (CGTMSE), Credit in leather and footwear industries is Linked Capital Subsidy Scheme (CLCSS), National proposed, on the same lines in textile and April-May, 2017 27
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