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Year End Review- 2022 Ministry of Micro, Small & Medium Enterprises

Year End Review- 2022 Ministry of Micro, Small & Medium Enterprises
Micro, Small and Medium Enterprises (MSME) sector, with more than six crore enterprises, has emerged as a highly vibrant and dynamic sector of the Indian economy, fostering entrepreneurship and generating self-employment opportunities at comparatively lower capital cost, next only to agriculture. Ministry of MSME promotes growth and development of the sector, including Khadi, Village and Coir industries, by implementing various schemes/programmes towards credit support, technological assistance, infrastructure development, skill development and training, enhancing competitiveness and market assistance. Organizations under the Ministry include Office of Development Commissioner (MSME), Khadi and Village Industries Commission (KVIC), Coir Board, National Small Industries Corporation Ltd. (NSIC), National Institute for Micro, Small and Medium Enterprises and Mahatma Gandhi Institute for Rural Industrialization (MGIRI).

Ministry has a vast network of field formations spread across the length and breadth of the country to support and handhold MSMEs, which include MSME Development and Facilitation Offices (MSME-DFO), Branch MSME-DFOs, MSME Testing Centres, MSME-Testing Stations and Technology Centres (Tool Room & Technical Institutions) and field offices of KVIC, Coir Board and NSIC. Major achievements of the Ministry in the year 2022 are detailed as follows.

UDYAMI BHARAT
Prime Minister of India, Shri Narendra Modi launched key initiatives for the MSME sector in the ‘Udyami Bharat’ programme held on 30.06.2022 at Vigyan Bhawan, New Delhi. Minister of MSME, Shri Narayan Rane and Minister of State (MoS) for MSME, Shri Bhanu Pratap Singh Verma were present on the occasion.
During the event, Prime Minister conferred ‘National MSME Awards, 2022’ to MSMEs, States/UTs, Aspirational Districts and Banks to recognize their efforts in the growth and development of MSME sector.
Prime Minister launched the ‘Raising and Accelerating MSME Performance’ (RAMP) scheme, ‘Capacity Building of First-Time MSME Exporters’ (CBFTE) scheme and new features of the ‘Prime Minister’s Employment Generation Programme’ (PMEGP). He also digitally transferred assistance to beneficiaries of PMEGP for 2022-23; announced the winners of ‘MSME Idea Hackhathon-22’ and issued Digital Equity Certificates to 75 MSME beneficiaries of Self-Reliant India (SRI) Fund.


POLICY INITIATIVES
Following the adoption of the revised definition of MSMEs, which is based on investment in plant & machinery or equipment; and turnover, the Udyam Registration Portal was launched on 01.07.2020. It is fully online, free of cost, hassle free, does not require any documentation, and is a step towards Ease of Doing Business for MSMEs. Landmark of 1 crore registrations on the portal was achieved on 02.08.2022.  As on 22.12.2022, more than 1.28 crore registrations have been made on the portal.
During the 18th Meeting of National Board for Micro, Small and Medium Enterprises (NBMSME) held on 14.09.2022, Minister for MSME launched the integration of Udyam and National Career Service (NCS) portals, which was announced in Budget 2022. Since 14.09.2022, as many as 4.06 lakh MSMEs registered on Udyam have had access to the National Career Service Portal of Ministry of Labour & Employment. MoU was also signed between the Ministry of MSME and Common Service Centre (CSC) for providing suitable handholding for Udyam Registration to enterprises located in remote areas of the country.
For sharing Udyam Registration data, MoU signed between the Ministry of MSME and Ministry of Tourism on 02.08.2022. During the National Seminar on Growth & Development of MSMEs inaugurated by Minister for MSME at Imphal, Manipur on 20.11.2022, The Ministry signed MoUs with three platforms of Trade Receivables Discounting system (TReDS) viz.

Invoicemart, M1Xchange and RXIL which will enable the MSME sector to get access to credit against invoices at a discounted rate to meet payment challenges.
 
The Ministry has notified on 18.10.2022 that in case of an upward change in terms of investment in plant and machinery or equipment or turnover or both, and consequent re-classification, an enterprise shall continue to avail of all non-tax benefits of the category it was in before the re-classification, for a period of three years from the date of such upward change. Non-tax benefits include benefits of various schemes of the Government, including Public Procurement Policy, Delayed Payments, etc.



ACHIEVEMENTS OF NSIC & MGIRI
National Small Industries Corporation Ltd. (NSIC)
NSIC provides credit support for raw material procurement by making the payment to suppliers in Raw Material Assistance scheme against Bank Guarantee. NSIC also facilitates financing by providing assistance to MSMEs under schemes such as Tender Marketing Scheme. In FY 2022-23 (upto 30.09.2022), credit facilitation of Rs. 2,753.13 crore was provided to more than 2,300 units. Under the Tender Marketing Scheme, NSIC facilitates the MSE(s) in every stage of tender activity right from the participation in tenders till execution of tenders, During the FY 2022-23 (upto 30.09.2022), the Company has participated in 261 tenders valuing Rs. 261.15 crore and executed tenders amounting to Rs. 44.51 crore. NSIC also facilitates E-Marketing Service through MSME Global Mart Web Portal. In FY 2022-23 (upto 30.09.2022), 4,743 members enrolled and revenue generated is Rs. 1.94 crore.
 
Mahatma Gandhi Institute for Rural Industrialization (MGIRI)
Mahatma Gandhi Institute for Rural industrialization (MGIRI) has developed 17 innovative Products/ Processes/Machinery etc. and organized 54 training programmes in which 256 persons have been trained. Minister for MSME inaugurated “Sewagram Audyogik Mahotsav” organized by MGIRI in Wardha, on the occasion of Mahatma Gandhi's birth anniversary on 02.10.2022.



HANDHOLDING, GRIEVANCE REDRESSAL AND PUBLICITY INITIATIVES
Prime Minister launched an online Portal “CHAMPIONS” on 1st June, 2020 which covers many aspects of e-governance including grievance redressal and handholding of MSMEs. 12,035 queries/grievances have been received on the portal out of which 11,910 have been replied, from January, 2022 to November, 2022.
Ministry has organized Nukkad Nataks in 46 Aspirational Districts in 9 States. To enhance awareness of Schemes of the Ministry, many awareness videos have been produced in-house by the Ministry.
Ministry has an active presence on various Social Media platforms like Twitter, Facebook, Instagram, YouTube, LinkedIn etc. Followers on Twitter has reached more than 5.26 lakh from 3.23 Lakh in 2021. On Facebook it has reached to more than 1.65 lakh from 1.14 lakh in 2021.


CONFERENCES/SUMMITS
A “National Conference of MSME-Development Institutes, Testing Centres and Technology Centres” was held on 10.05.2022 under the Chairmanship of Minister for MSME to chalk out future plans for better implementation and monitoring of MSME schemes and coordination with State Governments and other stake holders for the benefit of MSMEs.
Under the ‘International Cooperation’ scheme, Ministry has organized the following Summits in New Delhi;
  • ‘International Mega-Summit on Plastic Recycling and Waste Management’ in association with All India Plastics Manufacturers Association on 4th and 5th March, 2022.
  • ‘Mega Global MSME Business Summit’ titled ‘Empowering Tech Entrepreneurs’ on 24th March, 2022 in association with Electronics & Computer Software Export Promotion Council.
  • ‘Mega International Summit on MSMEs’ Competitiveness and Growth’ on 29th and 30th March, 2022 in association with Entrepreneurship Development Institute of India (EDII)
  • 2nd International Conference on Defence and Security on 30th and 31st March 2022 for deliberating upon issues in defence and security with respect to contribution of MSMEs, in association with PHD Chamber of Commerce and Industry (PHDCCI)
'Global MSME Convention for Plastics Industry' was organised at Goa on 16th and 17th November, 2022 in partnership with the All-India Plastics Manufacturers' Association (AIPMA).

In the year 2022, Meetings of Joint Committee / Joint Working Group on cooperation in MSME sector were held between Ministry of MSME, Govt. of India and counterpart Ministry/Department of Taiwan, Mauritius and Japan respectively. During these bilateral meetings, the two sides exchanged the best practices and experiences in MSME sector development and deliberated upon potential areas of bilateral cooperation in MSME sector. 

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