Wednesday , 22 November 2017
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DICCI’s 5th Industrial and Trade Expo, Mumbai

Attended Dalit Indian Chamber of Commerce and Industry (DICCI)’s 5th Industrial and Trade Expo.

My Speech on the Inaugural Session of the “Dalit Indian Chamber of Commerce and Industry (DICCI)’s 5th Industrial and Trade Expo”.

I am happy to be here today on the Inaugural Session of the “Dalit Indian Chamber of Commerce and Industry (DICCI)’s 5th Industrial and Trade Expo”.
Dalit Indian Chamber of Commerce and Industry (DICCI) has been encouraging and facilitating Dalit enterprise as a means of empowerment and also ensuring that the Dalit community to contributes in the economy, and be the ‘Job givers, not job seekers’.
The Prime Minister had announced the ‘Start-Up India, Stand Up India’ initiative. The Government will unveil a blue print for start-ups to ease the process of setting up new venture very shortly. There will be special support structure for innovation based start-ups, including funding from the government. The initiative will give a new dimension to entrepreneurs and help set up a network of start-ups in the country.
Under stand–up India initiative, each of the 1.25 lakh bank branches would be encouraged to fund a SC/ST and woman entrepreneurs to create 2.5 lakh new entrepreneurs in the country.
My Ministry is implementing a number of Schemes/Programmes to overcome difficulties faced by the enterprises:
As availability of adequate Credit is always a major issue for growth and sustenance of the MSME Sector. In this regard MSME Ministry has taken significant initiatives. Under the Credit Guarantee Scheme, the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) provides guarantee cover to collateral free loans up to Rs. 1 crore, Credit Linked Capital Subsidy Scheme (CLCSS) for Technology Upgradation aims at facilitating Technology Upgradation of Micro and Small Enterprises by providing 15% capital subsidy on institutional finance availed by them for induction of well-established and improved technology in approved sub-sectors/products. Government has taken a major initiative on the credit front by launching the MUDRA Bank Scheme which caters to three segments of loan upto Rs. 10 Lakh.
The Ministry is implementing major schemes like Prime Minister Employment Generation Programme (PMEGP), a credit-linked subsidy programme for creation of employment in both rural and urban area of the country. PMEGP is providing relaxation to SC/ST beneficiaries. For urban SC/ST beneficiaries, margin money subsidy is provided @ 25 per cent of the project cost while it is 35 per cent in rural areas.
Scheme of Fund for Regeneration of Traditional Industries (SFURTI) Scheme organizes the traditional industries and artisans into clusters to make them competitive and provide support for their long term sustainability and economy of scale. The SFURTI Scheme launched in 2005-06 for making Traditional Industries more productive and competitive by organizing the Traditional Industries and artisans into clusters has been revamped. The scheme assisting the young entrepreneurs to set up new micro enterprises in the manufacturing as well as in the services sector.
A Scheme for Promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE) promotes livelihood incubators through NSIC, KVIC and Coir Board, under SFURTI, khadi, village industries and coir clusters have been taken up for development by providing them with improved equipments, common facilities centres, business development services, training, capacity building and design and marketing support, etc.
To improve access of MSME units to market, Public Procurement Policy (PPP) Order was brought out w.e.f. 1.4.2015. Under this Order, it is mandatory for the Central Government Ministries/Departments/CPSUs to procure at least 20% of their annual requirement from MSEs and 4% from MSE units owned by SCs/STs.
The Ministry also organises National/State Level Vendor Development Programmes (NVDP/SVDP) to bring together buyers-seller on a common platform. Ministry is organizing the Vendor Development Programme (VDPs) in States to facilitate increased business fusion between Public Sector Units like BEL, BHEL, TELCO, BSNL, IOC, NHPC, NTPC, Railways, Defence Organisations etc. and Indian SMEs for their mutual benefit by way of providing appropriate marketing linkages. The exhibition provides a platform for displaying the products and service of MSMEs and requirements of Large Scale buyer organizations.
Ministry has recently launched web portal “Digital Employment Exchange” for Industries. The digital employment exchange is in line with the Prime Minister’s vision of Digital India wherein through this employment exchange for industries, job seekers can find employers and vice versa.
Recently, my Ministry has taken a very important initiative through notification of Udyog Adhaar which in the line of ease of doing business of the Government. The Udyog Adhaar Memorandum can be filed online at Udyog Adhaar Portal maintained by the Ministry of MSME at http://udyogaadhaar.gov.in.
We will continue to promote the growth of MSME sector with cooperation of the state governments. I wish all the best to Dalit Indian Chamber of Commerce and Industry for organizing the 5th Industrial and Trade Expo.
Thank You

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