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New Initiatives of MSME Ministry

Dated:- 18-12-2015 - Press Information Bureau Government of India Ministry of Micro,Small & Medium Enterprises 18-December-2015 10:56 IST Year End Review 2015 Over 95000 Udyog Aadhar Memorandums for ease of doing Business filed within a Short Period of 3 Months Aspire Scheme Launched to Promote Rural Entrepreneurship During the year 2015, Ministry of MSME launched various initiatives to improve the ease of doing business and to make Micro, Small and Medium Enterprises more globally competiti .....

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otified that every MSME unit shall file Udyog Aadhaar Memorandum (UAM). This is a path breaking step to promote ease-of-doing-business for MSMEs in India as the UAM replaces the filing of Entrepreneurs Memorandum (EM part-I & II) with the respective States/UTs. While some of the States/UTs had made the process online, either by themselves or through the portal created by this Ministry, several States/ UTs were still relying on the manual way of filing EM. The cumbersome filing of EM has now .....

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, in New Delhi on October 06, 2015. The Secretary, Ministry of Micro, Small & Medium Enterprises and Steel, Dr. Anup K. Pujari and the Director General (M&C), Press Information Bureau, Shri A.P. Frank Noronha are also seen. The UAM can be filed online by individuals themselves in case they have an Aadhaar Number. However, in all exceptional cases, including those of not having an Aadhaar Number, the UAM can be filed in offline mode (i.e. on paper form), with the General Manager (GM) of t .....

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ne-page memorandum to be filed online shall unlock the potential of MSMEs, besides improving our international ranking in Doing Business Index. Within a short time of three months, more than 95,650 UAMs have been filed in the country. Framework for Revival and Rehabilitation of MSMEs The existing mechanism for addressing revival, rehabilitation and exit of small enterprises is very weak in the country. The most recent Doing Business (DB) Report ranks India 137 out of the 189 economies for resolv .....

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e for re-organization and rehabilitation, which balances the interests of the creditors and debtors. a Framework for Revival and Rehabilitation of MSMEs has thus been notified in May-2015 under section 9 of the Micro, Small and Medium Enterprises Development Act, 2006. The salient features of the same are as follows: · Identification of incipient stress · Committees for Distressed Micro, Small and Medium Enterprises · Corrective Action Plan (CAP) by the Committee with variou .....

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leased by the Ministry as margin money under PMEGP out of which ₹ 528.32 crore has already been disbursed by the banks. Ø 24126 new enterprises providing employment to 170983 persons have been benefited under the Scheme. Ø There is more than 50% increase over the previous year in terms of funds disbursed by the banks, no of projects with funds disbursed and the employment generated. A Scheme for Promotion of Innovation, Rural Industry and Entrepreneurship (ASPIRE) ASPIRE has .....

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n April-2015 under ASPIRE within a month of launching the Scheme. The first batch of 107 youth has been trained and skilled through it. Ø 19 LBIs have been approved till September 2015 and another 9 LBIs & 2 TBI is ready to be approved. Scheme of Fund for Regeneration of Traditional Industries (SFURTI) The objectives SFURTI is to organize the traditional industries and artisans into clusters to make them competitive and provide support for their long term sustainability by way of enha .....

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riod with more than a year of the plan period to spare. The Union Minister for Micro, Small and Medium Enterprises, Shri Kalraj Mishra addressing at the inauguration of the National Level Workshop on Revamped SFURTI, in New Delhi on March 22, 2015. Lean Manufacturing Competitiveness Scheme (LMCS) LMCS is being implemented across the country to enhance the competitiveness of manufacturing MSMEs. The Objective of the Scheme is to enhance the manufacturing competitiveness of MSMEs through applicati .....

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