Saturday , 28 November 2020

MIT-Global Start up Workshop, Hyderabad

Good morning, and welcome to MIT Global Startup Workshop 2016. As a Minister of Micro Small & Medium Enterprises I am proud to be here addressing the wonderful selected participants, organizers and MIT team at this workshop. Warm greetings for Mr. Rao.
It gives me immense pleasure to address this august gathering on the Inaugural Session of “MIT-Global Startup Workshop”. Start up India is a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The Government through this initiative aims to empower Startups to grow through innovation and design. The Government of India has taken various measures to improve the ease of doing business and is also building an exciting and enabling environment for these Startups, with the launch of the “Startup India” movement including MSMEs in the country.
The role of MSME sector can best be ascertained in terms of its contribution in GDP, manufacturing output, export and employment generation. The MSME sector in India is diverse in terms of its size, levels of technology employed and range of products and services produced. Starting from grass root village industries, the products from the sector spans to auto components, micro-processors, electronic components and electro-medical devices.
MSMEs have shown constant growth rate of over 10% in recent years much ahead of the large-scale corporate sector. This sector contributes 37.5 per cent of the country’s GDP, 45 percent of the manufactured output and 44 per cent of its exports. The MSMEs provide employment to over 80 million persons through over 36 million enterprises producing over six thousand products.
The Prime Minister of India has envisioned the country as a ‘Manufacturing Hub’. The vision of making India a manufacturing hub and helping in achieving double digit GDP growth rate is only possible by giving impetus to MSME sector of the country which is called engine of growth.
The “Make in India” Strategy aims to facilitate investment, foster innovation, enhance skill development and build manufacturing infrastructure in the country. The real objective of this Strategy is to ease the investment caps and controls to open up India’s industrial sectors to global participation. This is a well drawn out Strategy and is the most relevant for India’s MSMEs.
The government is focussing on facilitating the ease of doing business and encouraging growth of entrepreneurs. Towards this effect, Udyog Aadhaar Memorandum (UAM) has come into force with effect from 18.9.2015 in place of the earlier EM-I &EM-II. It is also clarified that units having either permanent SSI registration certificates prior to implementation of the MSMED Act, 2006 or EM-II Memorandum or Udyog Aadhaar Memorandum would also be eligible for availing of assistance under various schemes implemented by the Government. Udyog Aadhaar Memorandum is a simplified form to be filled online on self declaration basis without any supporting document and fee.
The Hon’ble Prime Minister is also focussing on greater use of IT tools and, accordingly, Digital India Initiative has been launched. Towards this end, my Ministry has launched a portal on Digital Employment Exchange for Industries dated 18.6.2015, wherein job seekers can find employers and vice versa. Therefore, it is of utmost importance that the skilled workers get a platform where they can find livelihoods for themselves. Thus, this facility will enable industrial units find suitable manpower and job seekers find suitable jobs.
The Prime Minister had announced the ‘Start-Up India, Stand Up India’ initiative in his Independence Day address last year. 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.
The role of the M/o MSME is primarily to assist the States/Union Territories in their efforts to promote growth and development of MSMEs. The main focus of the schemes/programmes undertaken by the Organisations of the Ministry is thus to provide/facilitate a wide range of services. The details of scheme/guidelines are available on the Ministry’s website.
The Credit Linked Capital Subsidy Scheme (CLCSS) provides upfront capital subsidy for technology up-gradation support by providing 15% capital subsidy (limited to maximum Rs. 15 lakhs) for purchase of Plant & Machinery.Under this scheme assistance is being provided to the young entrepreneurs to set up new micro enterprises in the manufacturing as well as the services sectors. During 2014-16 (till 8th March, 2016) 1,12,883 projects have been approved, which generated total employment of 8,71,000.
The Ministry is implementing another credit linked scheme, namely, Prime Minister’s Employment Generation Programme (PMEGP) for assisting the young entrepreneurs to set up new micro enterprises in the manufacturing as well as the services sector.
Availability of easy credit is one of the major hurdles for growth of MSMEs. In this regard the Ministry is implementing the Credit Guarantee Fund Scheme for Micro and Small enterprises (CGTMSE) since August, 2000 with the objective of making available credit to Micro and Small Enterprises for loans up to Rs. 1 crore without collateral/ third party guarantees.
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.
A Scheme for Promoting Innovation and Rural Entrepreneurship (ASPIRE) was launched by the Ministry on 18.3.2015. The scheme was formulated to set up a network of technology centres and to set up incubation centers to accelerate entrepreneurship and also to promote start-ups for innovation and entrepreneurship in agro -industry. The Planned outcomes of ASPIRE are setting up Technology Business Incubators (TBI), Livelihood Business Incubators (LBI) and creation of a Fund of funds for such initiatives with SIDBI. 1st LBI set up in April 2015 under ASPIRE within a month of launching the Scheme.
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 Government of India has approved a revamped SFURTI with modified norms for continuation during the XII Plan.
The Ministry is focussing on high end skilling and technical support through 18 Tool Rooms/Testing Centres and Technology Development Centres. The Ministry has undertaken skill mapping for all district of the country. My Ministry has prepared district-wise Skill Profiles in the country in consultation with stakeholders including state governments, industry associations and various universities etc. Skill mapping will address the concerns of MSMEs with respect to skilled workers. In the comming years 20 more new technology centers are going to be started in the country for which places have been finalised.
Our Hon”ble Prime minister launched MUDRA scheme being implemented in three levels.First sishu MUDRA which is upto 50,000.Second kishore MUDRA from 50,000 to 5 lakhs and third tharun MUDRA from 5 lakhs to 10 lakhs financial assistence is being provided.Through this scheme micro manufacturing as well service sector will get loan without no guarantee and third party.so far crores of poor and downtraden people benfited nearly 1 lakh crore financial assistence provided and one lakh eighty thousand crores has been allotted in this year budget.
Start ups are considered to be most important economic representative for economic growth of the country. They also generate employment opportunities and contribute in improving family’s living standard. I am happy to note that, in this 3-day conference there would be deliberations on several topics of importance: Women empowerment, Funding environment, Transforming research ideas into products/successful business, IPR and protecting novel ideas, Defense innovation, Make-in India hardware and manufacturing innovations, Case studies, Business plan competitions, and focused discussion on rising avenues to increase capabilities of manufacturing units, training programmes on elevator speech, Entrepreneur start-up showcase, Digital India, Hardships in entrepreneurship and so on. The deliberations would certainly boost the morale of the youth and other stakeholders, make people aware, stimulate their desire to be an entrepreneur and ultimately incubate with global leaders. My Ministry is always there with MIT GSW to enhance and promote the environment of entrepreneurship in India which would establish the Brand India to the next level.
I once again appreciate all the initiatives taken up by MIT-GSW in association with other Indian organisations to conduct the Global Start-up workshop in Hyderabad, India.
Thank You

Check Also

राज्यपाल की संवेदना

राज्यपाल श्री कलराज मिश्र ने देश के ख्यातिनाम मूर्तिकार, पदमश्री श्री अर्जुन प्रजापति के आकस्मिक …

124 comments

  1. Useful information. Lucky me I found your website by chance, and I am surprised
    why this accident didn’t happened in advance! I bookmarked it.

  2. A person essentially assist to make severely posts
    I’d state. That is the very first time I frequented your website
    page and so far? I surprised with the analysis you made to make this actual
    put up extraordinary. Great job!

  3. At this time I am going away to do my breakfast, once having my
    breakfast coming again to read additional news.

  4. What a stuff of un-ambiguity and preserveness of valuable knowledge regarding unexpected feelings.

  5. Right here is the right blog for anybody who wants to understand this topic.
    You understand so much its almost tough to argue with you (not that I personally
    would want to…HaHa). You certainly put a fresh spin on a topic that has been discussed for decades.

    Wonderful stuff, just excellent!

  6. Fascinating blog! Is your theme custom made or did you download it from
    somewhere? A design like yours with a few simple tweeks would really make my blog jump
    out. Please let me know where you got your theme. Thank you

  7. Pozdrawiam. Zapraszamy na prezentację mieszkania.

  8. These are in fact wonderful ideas in concerning blogging. You
    have touched some pleasant things here. Any way keep up
    wrinting.

  9. Great blog here! Also your website loads up very
    fast! What host are you using? Can I get your affiliate
    link to your host? I wish my site loaded up as quickly as yours lol

  10. Why users still use to read news papers when in this technological
    globe everything is accessible on net?

  11. There is an EUA that references a couple of companies which primarily have their CDC/NIOSH
    N95 certifications.

  12. Nice post. I was checking continuously this blog and I am impressed!
    Very useful information specially the last part 🙂 I care
    for such info much. I was looking for this certain info for a long time.
    Thank you and good luck.

  13. Wow, this paragraph is fastidious, my sister is analyzing such things,
    so I am going to let know her.

  14. Pretty part of content. I simply stumbled
    upon your web site and in accession capital to claim that I acquire in fact
    loved account your weblog posts. Any way I will be subscribing to your feeds or even I
    success you get admission to constantly rapidly.

  15. In high resource settings, disposable healthcare masks and respirators have extended given that replaced the use of
    cloth masks in hospitals.

  16. Appreciate this post. Will try it out.

  17. Heya! I just wanted to ask if you ever have any trouble
    with hackers? My last blog (wordpress) was hacked and
    I ended up losing months of hard work due to no backup.

    Do you have any solutions to prevent hackers?

  18. Magnificent items from you, man. I’ve take note your stuff previous to and you’re just extremely magnificent.
    I actually like what you have got right here, really like what you are stating and the way
    in which in which you assert it. You make it entertaining and you still care for to keep it wise.
    I can’t wait to learn far more from you. That is really a terrific website.

  19. Way cool! Some very valid points! I appreciate you writing this article and the rest
    of the site is extremely good.

  20. The Fitbit Cost is a decent fitness tracker..
    but feels somewhat confused with the Fitbit household.

  21. What’s up, I would like to subscribe for this web
    site to obtain hottest updates, so where can i do it please
    help out.

  22. Everything is very open with a precise description of the issues.
    It was definitely informative. Your website is very helpful.
    Thank you for sharing!

  23. What’s up, I desire to subscribe for this website to get latest updates, thus where can i do it please
    help out.

  24. I every time spent my half an hour to read this webpage’s articles every day along with
    a cup of coffee.

  25. Thank you forr tthe auspicious writeup. It if truth bee tod was once a
    enjoyment account it. Look complex to mor introduced
    agreeable from you! By the way, how could we be in contact?

    Also visit my homepage … Totosite.blog

  26. Asking questions are genuinely pleasant thing if you are not understanding anything fully,
    except this article gives good understanding even.

  27. Usually I don’t learn post on blogs, however I wish to say
    that this write-up very pressured me to check out and do it!
    Your writing style has been surprised me. Thanks, quite great article.

  28. Someone essentially help to make seriously articles I’d state.
    That is the very first time I frequented your web page and up
    to now? I amazed with the research you made to make this
    actual publish extraordinary. Excellent task!

  29. I have been exploring for a little for any high-quality articles
    or weblog posts in this kind of house . Exploring in Yahoo I
    eventually stumbled upon this web site. Studying
    this info So i am happy to express that I have a very excellent uncanny feeling
    I discovered just what I needed. I most definitely will make
    sure to do not omit this site and provides it a look on a continuing basis.

  30. I know this web page offers quality depending articles and extra data, is there any other
    website which offers such things in quality?

  31. Hurrah, that’s what I was looking for, what a material!

    present here at this website, thanks admin of this website.

  32. This piece of writing provides clear idea in support of the
    new viewers of blogging, that truly how to do blogging.

  33. They will normally provide their members a chance to
    get in on the action. You can simply perform on the site of the company or can download their software.
    For example, the odds of rolling a 6 on the dice is 1 in six.
    https://www.goodreads.com/user/show/115862291-livemobile88-my

  34. Thanks on your marvelous posting! I quite enjoyed reading
    it, you could be a great author.I will be sure to bookmark your blog and may come back in the future.
    I want to encourage that you continue your great posts, have a nice evening!

  35. Quality articles is the main to invite the viewers to go to see the web site,
    that’s what this web site is providing.

  36. Thank you for another great article. Where else could anybody get that kind of information in such an ideal way of writing?
    I’ve a presentation subsequent week, and I am at the search for such information.

  37. This paragraph gives clear idea in favor of the new visitors of blogging,
    that genuinely how to do running a blog.

  38. Today, I went to the beachfront with my children. I found a sea shell and gave it to my
    4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her
    ear and screamed. There was a hermit crab inside and it pinched her ear.
    She never wants to go back! LoL I know this is completely off topic but I had
    to tell someone!

  39. Bossku Malaysia

    On the off opportunity that you just experience problems
    handling your individual issue or must require a preliminary report for membership game titles, it is possible to speak to Bosskuclub now.
    working day in and day trip The best assist and worker from the world of team software and betting.

    Our toys and games get their individual situation data to indicate 918Kiss Now’s capability to pay and keep the safety of most customers on our website.

    Register with bossku to find the best gambling
    group toy participation with Malaysia. Get to us for any additional questions.

    Our participants are our will need. Play now!

  40. No one tells you find out how to touch upon blogs.

  41. Hi there! I just would like too give you a huge thumbs up for your great information youu
    have here on this post. I’ll be coming back to your blopg for more soon.

    My homepage – 볼루션게

  42. Hello there, I found your blog by means of Google at the same time
    as searching for a comparable matter, your website came up, it seems great.
    I’ve bookmarked it in my google bookmarks.

    Hi there, just turned into alert to your blog through Google, and located that it’s really informative.

    I am gonna be careful for brussels. I’ll be grateful should you continue this in future.
    Lots of other people might be benefited out of your writing.

    Cheers!

  43. cialis online without medicine stain generic cialis online apothecary potential. cialis no prescription pacing systems conceivably be suffering with limiting loophole cancer own.

  44. whoah this weblog is wonderful i really like studying your posts.
    Keep up the great work! You realize, lots of individuals are
    hunting round for this info, you could help them greatly.

  45. WOW just what I was searching for. Came here by searching for
    abgqq

  46. I’m not sure exactly why but this weblog is loading extremely slow
    for me. Is anyone else having this issue or is it a problem on my end?
    I’ll check back later on and see if the problem still exists.

  47. I waas recommended this ebsitе by my couѕin. I am not
    surе whether this post is ѡritten bby һim as noЬody eⅼse
    know such detailed about my problem. Yoս’re incredible! Ꭲhanks! https://www.booknose.win/dewapoker-terpercaya-di-indonesia-2021

  48. Wow that was strange. I just wrote an really long comment
    but after I clicked submit my comment didn’t show up.
    Grrrr… well I’m not writing all that over again. Anyhow, just wanted
    to say excellent blog!

    Here is my web site https://tamuqq.xyz

  49. You actually make it seem so easy with your presentation but I find this topic to be actually something that I think I would never understand.

    It seems too complex and very broad for me. I’m looking
    forward for your next post, I will try to get the hang
    of it!

  50. I vіsit everyday some websites and websites
    to reаd content, but this websіte offers feature ƅased posts.

    Here is my web blog 우리카지노

  51. I like the helpful information you provide
    in your articles. I’ll bookmark your weblog and cheeck again here
    frequently. I’m quite certain I will larn a lot of neww stuff right
    here! Good luck for the next!

    Feel free to visit my blog Musikinstrumente

  52. Excellent goods from you, man. I’ve understand your
    stuff previous to and you are just too magnificent. I really like
    what you have acquired here, certainly like what you’re
    stating and the way in which you say it. You make it entertaining and you
    still care for to keep it sensible. I cant wait to read far more from you.
    This is actually a great web site.

    Feel free to surf to my web-site – rent a car bucharest otopeni

  53. We are a gaggle of volunteers and starting a brand new scheme in our community.
    Your site offered us with helpful info to work on. You’ve done an impressive activity and our whole community can be thankful to you.

    Take a look at my web blog Fotograf Profesionist

  54. Thіs article is actually a nice onee it helps new net users,
    who are wіshing for bⅼogging. https://clcessentials.co.za/OSClass/user/profile/1866162

  55. It’s a pity you don’t have a donate button! I’d without a doubt donate to this excellent blog!
    I suppose for now i’ll settle for book-marking and adding your RSS
    feed to my Google account. I look forward to fresh updates
    and will talk about this blog with my Facebook group. Talk soon!

    Also visit my web-site best online canadian pharmacies

  56. Pretty! This has been an incrеdibly wоnderful articlе.
    Many thanks for providing this information. http://hitommy.net/xe/SoccerWorld/3475863

  57. When someone writes an paragraph he/she keeps the plan of a user in his/her mind that how a
    user can be aware of it. Therefore that’s why this article is
    great. Thanks!

  58. Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically
    tweet my newest twitter updates. I’ve been looking for a plug-in like
    this for quite some time and was hoping maybe you would have
    some experience with something like this. Please let me know if
    you run into anything. I truly enjoy reading your blog and
    I look forward to your new updates.

  59. Nice blog! Is your theme custom made or did you download it from somewhere?
    A design like ykurs with a few simple tweeks would really make
    my blog shine. Please let me know where you gott your design. Many thanks

    Look into my homepage Conveyor For Clothes

  60. If you think you’re running out of cash, quit taking part in. Sometimes it is
    just essential that you know what everyone else understands so that you are not left behind.
    On-line gaming has become a big business. https://medium.com/@livemobile88.m/xe88-slot-the-slot-game-2020-you-should-be-playing-western-belles-c90264afca16

  61. Нave you eѵer thought about cгeating an ebook
    or guest authiring on other websitеs? I have a blog based on the same topiсs you discuss and would really like to haе you share som stories/information. I know my viewrrs wold арpreciate
    your work. If you’re even remotely intеrested, fel
    fre to ѕend mme an e-mail. http://hyjykjc.com/comment/html/?295682.html

  62. Useful informаtiօn. Fortunate me I discovered your site by accident,
    and I’m shocкed why this coincidence dіⅾn’t happened in advɑnce!
    I bookmarked іt. http://Omudaala.com/user/profile/661004

  63. It’s very simple to find out any matter on net as compared to textbooks, as
    I found this paragraph at this web site.

    Also visit my web page – lsm99

  64. Highly descriptive article, I enjoyed that bit. Will there be
    a part 2?

  65. Hey there! Do you know if they make any plugins to help with SEO?
    I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good results.
    If you know of any please share. Many thanks!

  66. Great article. I’m facing many of these issues as well..

  67. This piece of writing will help the internet viewers for setting up new blog or even a weblog from start to end.

  68. Hi there! I could have sworn I’ve been to tһis blog befԁore but after reading through soke of the post I realized it’s new to me.
    Nonetheless, I’m dеfinitely glad I found it and I’ll be book-marking and checking
    back often! https://ug-plast.ru/forum/index.php?action=profile;area=forumprofile;u=388027

  69. Hi! I simply want to offer you a huge thumbs up for your excellent info
    you’ve got here on this post. I am returning to your site
    for more soon.

  70. Every weekend i used to pay a visit this website,
    for the reason that i wish for enjoyment, for the reason that this this site conations
    genuinely good funny material too.

    my web page: промокод Megapu.Sh

  71. It’s an awesome post in support of all the
    online people; they will take advantage from it I am sure.

  72. An outstanding share! I’ve just forwarded this onto a
    coworker who had been doing a little research on this.
    And he actually ordered me dinner because I discovered it for him…
    lol. So allow me to reword this…. Thank YOU for the
    meal!! But yeah, thanks for spending some time to talk about this subject
    here on your site.

  73. I absolutely love your blog and find nearly all of your post’s to be precisely what I’m looking for.
    Does one offer guest writers to write content for you?
    I wouldn’t mind writing a post or elaborating on most of the subjects you write with regards to here.
    Again, awesome web site!

  74. What’s up, yup this article is in fact pleasant and I have learned
    lot of things from it regarding blogging. thanks.

  75. Wonderful blog! I found it while searching on Yahoo News.

    Do you have any suggestions on how to get listed in Yahoo News?

    I’ve been trying for a while but I never seem to get there!
    Many thanks

  76. Keep on writing, great job!

  77. Hi my loved one! I wish to say that this article is amazing, nice written and
    come with approximately all important infos. I would like to see extra posts like this .

  78. I’m not that much of a internet reader to be honest but your blogs really nice, keep it up!

    I’ll go ahead and bookmark your site to come back down the road.
    Many thanks

  79. Wow, incredible weblog format! How lengthy have you been running a blog for?

    you made running a blog look easy. The full glance of your web site is great, let alone the content!

    Here is my homepage – situs judi slot bet termurah

  80. Hey there just wanted to give you a quick heads up.
    The text in your article seem to be running off tthe screen in Chrome.
    I’m not sure if this is a format issue or something to doo
    with web browser compatibility but I figured I’d post to let you know.
    The layout loo great though! Hope you get the problem fized soon. Thanks

    Alsso visiit my web blog: Anti theft Retail system

  81. Good post however I was wondering if you could write a litte more on this topic?
    I’d be very thankful if you could elaborate a little bit
    further. Thank you!

Leave a Reply

Your email address will not be published.


− 1 = four