Ministry of Micro, Small and Medium Enterprises is striving to increase the number of micro and small industries in the country on a sustainable basis through the implementation of various schemes and programmes. Union Minister Nitin Gadkari said in reply to a question in Rajya Sabha that the Ministry provides better credit facility, technology upgradation and skilling to boost the entire MSME eco-system. He said the major schemes being implemented by the Ministry of MSME include Prime Minister’s Employment Generation Programme and Micro and Small Enterprises – Cluster Development Programme.
Prime Minister’s Employment Generation Programme is a credit-linked subsidy programme aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector by helping traditional artisans and unemployed youth. A total of 5.45 lakh micro enterprises have been assisted, providing employment opportunities to an estimated 45.22 lakh persons till 31st March this year.