Latest Central government schemes for MSME are as follows –
Current Central Government Schemes for MSME i.e 2020-21
1. Prime Minister Employment Generation Programme and Other Credit Support Schemes
- Prime Minister Employment Generation Programme(PMEGP)
- Credit Guarantee Trust Fund for Micro & Small Enterprises (CGTMSE)
- Interest Subsidy Eligibility Certificate (ISEC)
2. Development of Khadi, Village and Coir Industries
- Science and Technology Scheme
- Market Promotion & Development Scheme (MPDA)
- Revamped Scheme of Fund for Regeneration of Traditional Industries (SFURTI)
2.1. Coir Vikas Yojana (CVY)
- Coir Industry Technology Upgradation Scheme (CITUS)
- Science and Technology (S&T) for Coir
- Skill Upgradation & Mahila Coir Yojana (MCY)
- Export Market Promotion (EMP)
- Domestic Market Promotion Scheme (DMP)
- Trade and Industry Related Functional Support Services (TIRFSS
- Welfare Measures (Pradhan Mantri Suraksha Bima Yojana (PMSBY))
3. Technology Upgradation and Quality Certification
- Financial Support to MSME’S in ZED Certification Scheme
- A Scheme for Promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE)
3.1. National Manufacturing Competitiveness Programme (NMCP)
- Credit Linked Capital Subsidy for Technology Upgradation
- Marketing Support/Assistance to MSME’S (Bar Code)
- Lean Manufacturing Competitiveness for MSME’S
- Design Clinic for Design Expertise to MSME’S
- Technology and Quality Upgradation Support for MSME’S
- Entrepreneurial and Managerial Development of SMEs through Incubators
- Enabling Manufacturing Sector to be Competitive through QMS&QTT
- Building Awareness on Intellectual Property Rights (IPR)
4. Marketing Promotion Schemes
- International Cooperation
- Marketing Assistance Scheme
- Procurement and Marketing Support Scheme (P&MS)
5. Entrepreneurship and Skill Development Programme
- Entrepreneurship Skill Development Programme (ESDP)
- Assistance to Training Institutions (ATI)
6. Infrastructure Development Programme
- Micro & Small Enterprises Cluster Development (MSE-CDP)
(B) SAMADHAAN – SAMBANDH – SAMPARK
The major issue in MSME’S is to manage its working capital. To ensure recovery of the dues towards MSME’S, the Government has created this portal (MSEFC) where the supplier (being an MSME) can file an application after uploading the copy of the invoice/ work order for which the payments are due from the buyer for more than 45 days.
It will ensure the recovery of the dues within 90 days. This is similar to arbitration.
For the duration of delay, the purchaser is responsible for paying compound interest mostly on supplier’s monthly rests on the sum at the 3 times the bank rate informed by RBI in the event that he fails to pay the supplier for his supplies of products or services within 45 days of receiving the goods/services provided.
Unless the appellant (not the supplier) wishes to file an appeal, no request to set aside any MSEFC decision or grant shall be accompanied by any court unless the appellant (not the supplier) has deposited with it, the 75% of the award sum.
The Public Procurement Policy for Micro and Small Enterprises (MSME) has specified that at the start of the year, each Central Ministry / Department / PSU sets an annual procurement target for the MSME sector with the aim of obtaining the optimum procurement target of at least 20 % of the total annual purchases from goods or services manufactured or rendered by MSMEs.
To ensure this, a portal ‘MSME Sambandh’ has been created where MSME’S can register themselves, get the details of the tenders available exclusively for the MSME’S and apply for such tenders.
It is an online job portal where the MSME’S can register themselves and screen, review, put vacancies, and hire candidates without any third-party interventions.