Report of the Task Force on Micro, Small and Medium Enterprises presented to PM

The Report of the Task Force on Micro, Small and Medium Enterprises was presented to the Hon’ble Prime Minister today by its Chairman, Shri T.K.A.Nair. Present on the occasion were the Minister for Micro, Small and Medium Enterprises, Shri Dinsha Patel, Secretary (MSME), Shri Dinesh Rai, Member Planning Commission, Shri Arun Maira as well as members of the Task Force. The Prime Minister had announced setting up of the Task Force in August, 2009 when representatives of prominent MSME associations had met him to highlight their issues and concerns.

Accordingly, the Task Force under Shri T.K.A. Nair, Principal Secretary to Prime Minister was constituted on 2nd September, 2009 to reflect on the issues raised by the associations and formulate an agenda for action after discussions with all stakeholders. Its members included Member, Planning Commission, Secretaries of concerned Government Departments, Deputy Governor, RBI, Chairman and Managing Director, SIDBI and representatives of MSME associations.

The report provides a roadmap for the development and promotion of the Micro, Small and Medium Enterprises (MSMEs). It recommends an agenda for immediate action to provide relief and incentives to the MSMEs, especially in the aftermath of the recent economic slowdown, accompanied by institutional changes and detailing of programmes, to be achieved in a time bound manner. In addition, it suggests setting up of appropriate legal and regulatory structures to create a conducive environment for entrepreneurship and growth of micro, small and medium enterprises in the country.

The Prime Minister remarked on the occasion that India needs thriving, vibrant and strong enterprises in the micro, small and medium segment for all round economic development. He commended the Task Force for the detailed and painstaking analysis done and the pragmatic recommendations put forth in their report. The Prime Minister said that implementation of the recommendations should be taken up earnestly and in a time bound manner to give a sustained impetus to this sector. He requested the Minister for Micro, Small and Medium Enterprises to take the lead and spearhead policy reform for this sector.