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Micro Enterprises provide employment opportunities to 45 lakh people

Micro Enterprises provide employment opportunities to 45 lakh people

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.

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