Besides putting in
place a framework to classify Micro, Small and Medium
Enterprises to bring out the Micro, Small and Medium
Enterprises (MSME) continuum under the MSME Development
Act, 2006, the Government (in the Ministry of MSME)
has initiated some steps to enable the Micro and Small
Enterprises (MSEs) to grow vertically rather than exhibit
the current pattern of horizontal growth. These steps
include, inter alia, (i) enabling MSEs to obtain 15%
subsidy for adoption of 48 currently identified modern
technologies by availing financial assistance of up
to Rs 1 crore under the Credit Linked Capital Subsidy
Scheme.
(ii) assistance for the upgradation
of infrastructure in industrial clusters under the Micro
and Small Enterprises Cluster Development Programme
(MSE-CDP).
The Ministry of MSME has also announced
the implementation of a 10 point initiative under the
National Manufacturing Competitiveness Programme (NMCP)
for enhancing the competitiveness of the manufacturing
sector, particularly the SMEs. The implementation of
this Programme is likely to assist in achievement of
this objective as well.
This information was given by Shri
Pawan Kumar Bansal, Minister of State for Finance in
reply to a question raised by Shri Narendra Mohan in
the Rajya Sabha today.
Source:
Press Information Bureau Date: March 04, 2008
