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Inviting suggestions on Draft National Policy for Micro, Small and Medium Enterprises in India

Inviting suggestions on Draft National Policy for Micro, Small and Medium Enterprises in India
Start Date :
Feb 09, 2022
Last Date :
Mar 31, 2022
23:45 PM IST (GMT +5.30 Hrs)
Submission Closed

The Micro, Small and Medium Enterprises (MSME) is a highly vibrant and dynamic sector of the Indian economy with over 6 Crore units, providing employment to 11 Crore+ people (after ...

The Micro, Small and Medium Enterprises (MSME) is a highly vibrant and dynamic sector of the Indian economy with over 6 Crore units, providing employment to 11 Crore+ people (after Agriculture), having 28% share of GDP and 40% of exports. Like other sectors, MSME also has been adversely affected in terms of productivity during COVD 19. Accordingly, the efficiency and productivity of MSME assume further significance to achieve overall objectives of economic development and a V shape recovery of the Indian Economy.

Draft National Policy for Micro, Small and Medium Enterprises in India is a continuation of various measures taken to date to promote competitiveness, technology upgradation, infrastructure, cluster development, dedicated credit, procurement of products & financial assistance to MSME.

Ministry of Micro, Small and Medium Enterprises invites stakeholders, Industry Associations, MSME units and general public to share suggestions and comments on the Draft Policy. The purpose is to firm up adaptive and inclusive National Policy for Micro, Small and Medium Enterprises.

Click here to read the Draft National Policy for Micro, Small and Medium Enterprises in India

Last date of submitting comments and suggestions on MyGov platform is 31st March 2022.

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Showing 787 Submission(s)
Yashfeenfatima
Yashfeenfatima 4 years 6 months ago
_indian society needs drastic changes by enterprises it's direct access 2economy&india is blessed in everything even diversity cn be an opportunity even intellectuals point if view u will find huge ideas so that ideas must be in simplest form ¹-take help of digital to reduce lengthy paperwork qrc code/scanning ets ²-then 2loan/money -provide time bounded period ³-if get succeeded within time less %of profit share that will help 2build trust ⁴-or cn introduce 'adoption theory' even by politician ⁵-creat app/portal that will also trustful paper _1vote कि किंमत जानो public बाबू-jokes a part सिर्फ 1दिन कि छुट्टी के लिए vote न डालना और 5साल तक बर्दाश्त करना how cn if need changes-vote ¹-cn not introduced digital format voting eg- by screening or within time bounded period qrc code link whatever trustable-bank/aadhar ²-or if by funding people themselves 4besic works so there won't be local bodies &will Ltd work &do seperate from politician better result
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Vinod Kumar Kumawat
Vinod Kumar Kumawat 4 years 6 months ago
Factors which led to growth of MSMEs Campaigns like Skill India, Startup India, Digital India and Make in India aim to provide MSME players with a level playing field and a definitive push towards enhanced productivity. Digitization: Increasing internet penetration, customer’s familiarization with digital payments fuelled by B2C ecommerce players facilitate MSME sector growth. Tie-ups with new-age non-banking finance (FinTech) companies allowed access to timely collateral free finance to MSMEs. Changing employment patterns: Younger generation shifting from agriculture towards entrepreneurial activities creating job prospects for others.
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Vinod Kumar Kumawat
Vinod Kumar Kumawat 4 years 6 months ago
Thus, Indian MSME sector is the backbone of the national economic structure and acts as a bulwark for Indian economy, providing resilience to ward off global economic shocks and adversities.
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Vinod Kumar Kumawat
Vinod Kumar Kumawat 4 years 6 months ago
Exports: It contributes around 45% of the overall exports from India. Inclusive growth: MSMEs promote inclusive growth by providing employment opportunities in rural areas especially to people belonging to weaker sections of the society. For example: Khadi and Village industries require low per capita investment and employs a large number of women in rural areas. Financial inclusion: Small industries and retail businesses in tier-II and tier-III cities create opportunities for people to use banking services and products. Promote innovation: It provides opportunity for budding entrepreneurs to build creative products boosting business competition and fuels growth.
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Vinod Kumar Kumawat
Vinod Kumar Kumawat 4 years 6 months ago
Importance of MSMEs for Indian Economy Employment: It is the second largest employment generating sector after agriculture. It provides employment to around 120 million persons in India. Contribution to GDP: With around 36.1 million units throughout the geographical expanse of the country, MSMEs contribute around 6.11% of the manufacturing GDP and 24.63% of the GDP from service activities. MSME ministry has set a target to up its contribution to GDP to 50% by 2025 as India becomes a $5 trillion economy.
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Vinod Kumar Kumawat
Vinod Kumar Kumawat 4 years 6 months ago
The Micro, Small and Medium Enterprises (MSME) is a highly vibrant and dynamic sector of the Indian economy with over 6 Crore units, providing employment to 11 Crore+ people (after Agriculture), having 28% share of GDP and 40% of exports. Like other sectors, MSME also has been adversely affected in terms of productivity during COVD 19. Accordingly, the efficiency and productivity of MSME assume further significance to achieve overall objectives of economic development and a V shape recovery of the Indian Economy.
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Deepali Hingne adv
Deepali Hingne adv 4 years 6 months ago
_indian society needs drastic changes by enterprises it's direct access 2economy&india is blessed in everything even diversity cn be an opportunity even intellectuals point if view u will find huge ideas so that ideas must be in simplest form ¹-take help of digital to reduce lengthy paperwork qrc code/scanning ets ²-then 2loan/money -provide time bounded period ³-if get succeeded within time less %of profit share that will help 2build trust ⁴-or cn introduce 'adoption theory' even by politician ⁵-creat app/portal that will also trustful paper _1vote कि किंमत जानो public बाबू-jokes a part सिर्फ 1दिन कि छुट्टी के लिए vote न डालना और 5साल तक बर्दाश्त करना how cn if need changes-vote ¹-cn not introduced digital format voting eg- by screening or within time bounded period qrc code link whatever trustable-bank/aadhar ²-or if by funding people themselves 4besic works so there won't be local bodies &will Ltd work &do seperate from politician better result
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JYOTHIKA R H
JYOTHIKA R H 4 years 6 months ago
Market penetration. The aim of this strategy is to increase sales of existing products or services on existing markets, and thus to increase your market share. ... Market development. ... Product development. ... Diversification.
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JYOTHIKA R H
JYOTHIKA R H 4 years 6 months ago
Keep Financial Score. Set Goals. Use High-Impact Marketing. Master Business Presentations. Monitor Trends. Sharpen Your Selling Skills. Find Best Practices. Motivate Staff.
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JYOTHIKA R H
JYOTHIKA R H 4 years 6 months ago
SME growth happens where barriers are removed and connections are made. SME growth happens, but not automatically. The reasons for this are partly specific (some firms aren't capable) and partly structural (the system works against them).
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