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GOVERNMENT OF INDIA
MINISTRY OF MICRO,SMALL AND MEDIUM ENTERPRISES
LOK SABHA
STARRED QUESTION NO: 239
ANSWERED ON:  22.12.2022
Contribution of MSME Sector in GDP
Rahul Ramesh Shewale
Bhola Singh
Will the Minister of



MICRO,SMALL AND MEDIUM ENTERPRISES be pleased to state:-


(a) whether the Micro, Small and Medium Enterprises (MSMEs) sector contributes one-third to the Gross Domestic Product (GDP) of the country and if so, the details thereof;

(b) whether the Ministry has recently organised the Global MSME Summit to promote the visibility of Indian MSMEs and encourage international market linkages and if so, the details thereof;

(c) whether the Government proposes to double the contribution of MSME sector to the economy by realising its full potential and if so, the details thereof;

(d) whether there are many internal bottlenecks towards doubling the contribution to the economy; and

(e) if so, the steps taken by the Government to resolve these bottlenecks and the success achieved in this regard so far?


ANSWER

MINISTER OF MICRO, SMALL AND MEDIUM ENTERPRISES
(SHRI NARAYAN RANE)

(a) to (e): A statement is laid on the Table of the House.



STATEMENT REFERRED TO IN REPLY TO PART (a) to (e) OF THE LOK SABHA STARRED QUESTION No. *239 FOR ANSWER ON 22.12.2022

(a): As per the latest information received from Ministry of Statistics & Programme Implementation, the Share of Gross Value Added (GVA) of MSME sector in All India GDP during 2020-21 was 26.83% .

(b): Confederation of Indian Industry (CII), New Delhi has organised the 19th edition of the Global MSME Business Summit with a theme "India@100 with Future Ready MSMEs" on 30th November, 2022 at New Delhi, in which Ministry of MSME has provided logo support.

(c) to (e): The Ministry of Micro, Small and Medium Enterprises implements various schemes for the growth and development of MSME sector in the country in areas of credit support, technological assistance, infrastructure development, skill development and training and market assistance to MSMEs. The schemes/programmes inter alia include Prime Minister’s Employment Generation Programme (PMEGP), Micro and Small Enterprises-Cluster Development Programme (MSE-CDP), Scheme of Fund for Regeneration of Traditional Industries (SFURTI), Credit Guarantee Scheme for Micro and Small Enterprises (CGTMSE) and A Scheme for Promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE).

The Government has taken a number of recent initiatives to support MSMEs in the country, which inter alia include;
(i) Rs. 5 lakh Emergency Credit Line Guarantee Scheme (ECLGS) for business, including MSMEs.
(ii) Rs. 50,000 crore equity infusion through MSME Self-Reliant India Fund.
(iii) New revised criteria for classification of MSMEs.
(iv) No global tenders for procurement up to Rs. 200 crores.
(v) “Udyam Registration” for MSMEs, for Ease of Doing Business.
(vi) Launching of an online Portal “Champions” in June, 2020 to cover many aspects of e-governance including grievance redress and handholding of MSMEs.
(vii) Inclusion of Retail and Wholesale trades as MSMEs w.e.f. 02nd July, 2021.
(viii) Non-tax benefits extended for 3 years in case of an upward change in status of MSMEs.

Since the launch of Udyam Portal on 01.07.2020, 1.27 crore MSMEs have registered on the portal as on 18.12.2022.

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