MSME incubators to be set up in Rajasthan, as the state launches new MSME policy

Sunday November 22, 2015 , 3 min Read

Incubation centres for micro, small and medium enterprises (MSMEs) will be set up in all 33 districts of Rajasthan, Union Minister Kalraj Mishra said. "It is true that only through MSMEs can we fulfill the vision of Prime Minister of making India a manufacturing hub.

Small industries not only provide jobs but also promote entrepreneurship," the Union MSME Minister said on the second day of the 'Resurgent Rajasthan' summit in Jaipur. He added that his ministry has taken several initiatives to simplify the registration process for MSMEs. Mishra and Chief Minister Vasundhara Raje also launched the state s MSME policy at a session 'MSME: Growth Engine for Make in India - Opportunities and Challenges'.

Vasundhara Raje said that her government has given special focus to the MSME sector. "Just looking at big industries and ignoring small ones is not good. There was a time when big was better but 'small' is the new big," Raje said.

Rajasthan's Micro, Small and Medium Enterprises (MSME) policy launched will strictly follow the concept of ease of doing business and amended labour laws, besides providing facilitation centre, better incentives and tax relaxations for industrial growth.

Union Minister for MSME Kalraj Mishra released the policy in presence of dignitaries and Rajasthan Chief Minister Vasundhara Raje on the second and last day of Resurgent Partnership Summit at Sitapura Industrial Area.

MSME cater to the vital needs of the economy in terms of their two specific roles, i.e., as a support base for large industry and as a stand-alone provider of goods and services, according to the 56 pages policy draft.

MSME form the backbone of the industrial sector in terms of numbers and provide the largest share of employment after agriculture. Applications of all new investment proposals will be processed at the District Industries Centre (DIC) under the single window system for time bound approvals.

MSME Facilitation Centre in each of 33 districts in Rajasthan, which is to be set up, would provide guidance and support to the new investors, and the State MSME Facilitation Council will be made more effective and strengthened.

The state government will encourage cluster development approach as an effective strategy for the development of MSMEs, and it would be cost-effective, inclusive, sustainable and enables competitiveness.

Rehabilitation of sick MSME units, skill development/ man power development, Marketing Support to MSMEs, Support for Quality Improvement, khadi-handloom and craft sector development, support for start up business and budding entrepreneurs, financial incentives under Rajasthan Investment Promotion Scheme-2014 are the glaring feature of the policy.

MSME session was addressed by a number of dignitories including Salil Singhal, Chairman and MD, Pl Industries, Om Prakash Mittal, National President of Laghu Udyog Bharti, Dinesh Agarwal, Founder and CEO of IndiaMart InterMesh Ltd, and Jyoti Ghosh, MD of SBBJ.

Image Credit: Shutterstock

Haryana Gov to set up a Rs 100 cr fund for MSMEs, new industrial Policy on anvil to spur growth

MSME ministry has prepared industrial profile of 652 districts under India’s skill mapping project

AP government plans to bring out MSME policy to give boost to entrepreneurship and employment