Tuesday , 1 December 2020
Kalraj Mishra

Govt to run 500 incubation centres for SMEs

The government is taking various steps, including help start-ups to get easy loans and opening 500 incubation centers in the country, for encouraging Micro, Small and Medium Enterprises (MSME) sector.

We have decided that we will run 500 incubation centres in the country. At present there are only 84 centres. I request the corporate sector to encourage people to open these centres. It will help in providing skills and employment to youths

MSME Minister Kalraj Mishra said at a CII function.
Incubation centre promotes and supports untapped creativity of individual innovators and to assist them to become technology based entrepreneurs. It also seeks to promote networking and forging of linkages with other constituents of the innovation chain for commercialisation of their developments.
He also said,

the government would ensure that all the public sector units procure 20 per cent of goods from MSMEs.
As far as procurement policy is concerned, only 32 PSUs have complied with the 20 per cent mandatory procurement out of 277 PSUs.

The government is looking at amending public procurement policy to incorporate provisions against PSUs who fail to meet the mandatory at least 20 per cent procurement by April 2015.
The Minister also said

the government will revise the definition of MSMEs to provide for a higher capital ceiling.
MSMEs should not face problem in getting bank loans. MSMEs will help in boosting the country’s economy. The sector is the back bone of the country.

As per the Fourth All India Census of the Micro, Small and Medium Enterprises, total number of Enterprises of the MSME sector is 361.76 lakh of which 15.64 are registered Enterprises. The sector provides employment to 805.24 lakh persons. MSME sector is the largest job provider after agriculture sector.

Check Also

Shri Shripad Yesso Naik, Minister of State(Independent Charge), Ministry of AYUSH met

17 comments

  1. Hey there! I’m at work surfing around your blog from my new apple iphone!
    Just wanted to say I love reading through your blog
    and look forward to all your posts! Keep up the outstanding work!

  2. I think this is among the most significant information for me.
    And i’m glad reading your article. But wanna remark on few general things, The website style
    is wonderful, the articles is really excellent : D. Good job,
    cheers y2yxvvfw cheap flights

  3. Appreciation to my father who told me regarding this website, this blog
    is genuinely remarkable.

  4. Great goods from you, man. I’ve understand your stuff previous to and you are just too fantastic.
    I really like what you’ve acquired here, certainly like what you are saying and the way in which you say it.
    You make it entertaining and you still care for to keep it wise.
    I cant wait to read far more from you. This is actually a terrific website.
    cheap flights 31muvXS

  5. So once you penance unsatisfactory liquid cialis universal object of the next whiff, solitary can effect the.

  6. cheap viagra online canadian pharmacy generic viagra over the counter viagra

  7. cialis without a doctor’s prescription ed drug prices ed meds online without doctor prescription

  8. ed medications ed drugs online from canada medication drugs
    google viagra dosage recommendations

  9. purchase generic valtrex online where can you purchase valtrex

  10. pfizer viagra campaign https://buybuyviamen.com/ buying viagra in penang

  11. where can i buy female viagra uk cheap generic viagra online usa cheap sildenafil online canada

  12. viagra alle erbe naturale thay the viagra red wine viagra

  13. descriptive essay writing college essays princeton essay grabber

  14. pharmacy medications https://sildenafilxxl.com/ online viagra

Leave a Reply

Your email address will not be published.


nine × 8 =