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Funds budgeted for different MSME schemes for 2017-18 was Rs 6481.96 Cr

posted on 12th December 2018
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The government emphasises the promotion of ecosystem for development of MSMEs in the country. Various programmes and schemes have been put in place with particular focus to develop and facilitate access to finance, skill development, infrastructure support, access to market, technology upgradation, and ease of doing business.

This was stated by Minister of State (Independent Charge) for Micro, Small, and Medium Enterprises, Giriraj Singh while replying to a question in the Rajya Sabha today.

The minister informed the House that according to Central Statistics Office (CSO), the contribution of MSME in the Total Gross Value Added (GVA) has been 31.8 percent during the financial year 2016-17.

Funds budgeted for different schemes of the Ministry of MSMEs to support the development of MSMEs in the country for the year 2016-17 and 2017-18 have been Rs 5462.71 crore and Rs 6481.96 crore respectively, and the expenditure thereof during the year 2016-17 and 2017-18 have been Rs 3650.07 crore and Rs 6213.60 crores respectively.

The minister further said that as per the 73rd Round of National Sample Survey (NSS) (July 2015 – June 2016), conducted by the Ministry of Statistics & Programme Implementation, there were 633.88 lakh unincorporated non-agricultural MSMEs (excluding construction). These MSMEs were providing employment to 1109.89 lakh persons.

(Source: PIB)

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