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TMI BlogMinistry of MSME Year End Review 2016X X X X Extracts X X X X X X X X Extracts X X X X ..... Ministry of MSME Year End Review 2016 - News and Press Release Dated:- 22-12-2016 - News - Cabinet approves creation of Indian Enterprise Development Service (IEDS) in the Office of Development Commissioner (MSME) under the Ministry of Micro, Small and Medium Enterprises The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to the Cadre review and formation of a new service in the name of ndian Enterprise Development Service (IEDS) in the Office of Development Commissioner (MSME), Ministry of Micro, Small and Medium Enterprises(MSME). The creation of the new cadre and change in structure will not only strengthen the organization but will also help to achieve the vision of Startup India , Sta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd-up India and Make in India . The measure will enhance the capacity and efficiency of the organization and also help in achieving growth in MSME sector through a focussed and dedicated cadre of technical officers. Foundation Stone Laying Ceremony of MSME Technology Centre at Greater Noida, Uttar Pradesh under Technology Centre Systems Programme (TCSP) National Vendor Development Programme This Technology Centre is one of the 15 new Technology Centres that are being established in the country by Ministry of MSME. This Centre will provide support to Electronics Systems Design Manufacturing (ESDM) and automotive electronics sector particularly Micro, Small Medium Enterprises towards their technological and skilled manpower r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... equirements. The Programme would be implemented at an estimated cost of ₹ 2,200 crore including World Bank loan assistance of US $ 200 million. For the Technology Centre, Greater Noida, Government of India would be investing more than ₹ 145 crore for creating facilities towards plant machinery, development of civil and associate infrastructure. MSME EXPO 2016 At Pragati Maidan New Delhi MSME Expo 2016 was organized by Ministry of MSME in the 36th IITF 2016. Over 80 enterprises have showcased their range of products during the trade fair. The theme of the fair is Quality Manufacturing and Inclusive Growth of MSMEs which includes Zero Defect, Zero Effect (ZED) Certification Scheme, SC/ST Hub National Award. The pa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rticipants have a diverse profile such as women entrepreneurs, SC/ST and Entrepreneurs from North Eastern States Minorities. There are 50 Women, 14 SC/ST and 09 from North Eastern Region, 03 Minorities and others. The event also provides opportunities for creating sustainable business alliances. Wide range of products which includes Engineering, Food, Chemical, Cosmetics, Herbal products, Handicraft, Textile/Hosiery, Electrical/Electronic Appliances, Auto Components, Readymade Garments, Gems Jewellery, and other products are being displayed in the MSME Expo, 2016. National SC/ST Hub launched on 8th October 2016 in Ludhiana Ministry of MSME has made an initial allotment of allocation of ₹ 490 crore for the period 2016-2020 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for the National SC/ST Hub. The Hub would primarily aid in strengthening market access/linkage, monitoring, capacity building, leveraging financial support schemes and sharing industry best practices etc. The hub would operate from National Small Industries Corporation (NSIC) Headquarters in Delhi, supported by a special cell created for this purpose. Backgrounder: The public procurement order mandates 4% annual procurement by Central Ministries/ Departments and Public Sector Undertakings from SC/ST enterprises w.e.f 01.04.2015. It has been reported that at present the Government of India procurement form SC/ST enterprises in less than 1% due to low participation of the community. This needs to be scaled up to meet the procuremen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t target for SC/ST. In the past, there has been some increase in the number of SC/ST owned enterprises but this number needs to increase substantially to enable the socio-economic empowerment of SC/ST communities. In this direction, the National SC/ST Hub in an initiative of the Government of India targeted towards developing a supportive ecosystem towards SC/ST entrepreneurs. After the announcement of creating National SC/ST Hub was made, MSME Ministry consulted the stakeholders including DICCI, Industry Association, Banks and relevant Ministries to suggest concrete steps to the proposed SC/ST Hub. Based on inputs received from the stakeholders a draft scheme for the proposed Hub was prepared and shared with CEO Niti Aayog as directe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d by PMO. Subsequently CEO Niti Aayog has called a meeting with all stakeholders. Based on the decisions taken in the meeting a draft SFC note was prepared and circulated to all concerned Ministries for comment. The SFC Committee approved the proposal on 14.7.2016. The final guidelines of the scheme were circulated on 25 th July, 2016. MSME Databank and Finance Facilitation Launched at 14th Meeting of National Board Online Census of MSMEs and Finance Facilitation Centres Launched Ministry of MSME launched two new initiatives viz., MSME Databank Portal and Online Finance Facilitation Web Portal on the sidelines of 14 th Meeting of the National Board of MSME. Ministry of MSME has made online Census of the MSMEs in the cou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntry for the first time by launching a comprehensive databank on http://www.msmedatabank.in This will not only save the efforts and money required for physical Census but will also enable the MSME units and the various Associations to furnish data on click of the button and sitting in their units. The MIS dashboard of the databank will provide real time information on various types of the MSMEs registered on the databank. The databank will eventually will be used for public procurement purposes and the PSUs will make use of the data for procuring from MSMEs. MSME Development (Furnishing of Information) Rules, 2016 have also been notified making it compulsory for MSMEs to give the required information. The objective of the databank is t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o have one-stop source of information of MSMEs of India, including their credit and technology, requirement in terms of raw material and marketing, etc. A decision has also been taken that no grant or subsidy will be given to any MSMEs unless the data is captured on the MSME Databank. The NSIC, which provides suitable credit support to the various MSME units for purchase of raw material, has started an online Finance Facilitation Centre on http://www.nsicffconline.in To start with, the Finance Facilitation Centres will become operational at Jalandhar, Peenya, Ludhiana, Guwahati, Lucknow and Delhi from today onwards. The portal will allow the MSMEs to apply for loans from the various banks on the NSIC portal itself. NSIC has also signed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... MoUs with 33 banks, 14 of whom have agreed to associate with online Finance Facilitation Web Portal. Giant Charkha unveiled at IGI Airport, Delhi 42 carpenters from Ahmedabad built the Charkha in 55 days World s largest Charkha (spinning wheels) was unveiled at the Terminal 3 of IGI Airport Delhi. The idea behind displaying the world s biggest charkha at the country s busiest airport is to highlight India s quest to foster an egalitarian society as demonstrated by Mahatma Gandhi, the father of the nation. Installation of the iconic Charkha at the departure forecourt would carry forward the legacy of promoting India s rich cultural heritage through different artworks at the terminal. All the existing artworks at the termi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nal - Mudras, Regal procession, Elephant statues, Surya Sculpture, Suryanamaskar and Worli Art among others - depict and showcase Indian heritage globally. The four-tones Charkha made from high-quality Burma teak wood is estimated to last for over 50 years. It is 9 ft wide, 17 ft tall and 30 ft long. It was built in 55 days by a team of 42 highly skilled carpenters hailing from Ahmedabad. Incubation cell at IIFT Delhi Launched Incubation Cell at at IIFT Delhi launched. The cell would enable young entrepreneurs to get all the expert advice and technical guidance at one point. The cell has been designed to provide export start-ups with necessary hand holding support towards expanding their existing domestic business to foreign mark ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ets, he added The initiative is named as KITTES (Knowledge for Innovation in Trade Technology for Entrepreneurial Start-ups), a dynamic business incubation cell dedicated to startups in the domain of international business. Run by the Centre of MSME Studies at IIFT (Delhi), the aim of KITTES is to provide hand holding support for MSME start-ups right from ideation stage to their internationalization towards taking a final leap into foreign markets. Incubation cell will be supported by an advisory body consisting of industrialists, venture capitalists, technical specialists and managers established to help entrepreneurs realize their dreams through a range of infrastructure, business advisory, mentoring and financial services. IIFT ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... will facilitate mobilising of loans for export purpose, build awareness on export financing and insurance schemes and export promotion measures. 38 Psus Achieved the Target of 20% Public Procurement from MSME Thirty Eight CPSUs have achieved the target of 20% public procurement from MSMEs in the just concluded financial year. Ministry of MSME had also issued a circular dated 10th March 2016 that allows Central PSUs to relax the norms of prior experience and prior turnover for those MSMEs who can deliver the goods as per prescribed technical quality specifications. MSME Procurement Policy reviewed Public Procurement Policy by all the Central Government Departments and Central Public Sector Undertakings, was reviewed. It ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... was found that the share of MSME procurement is less than 10% against a mandatory 20% and that of SC/ST entrepreneurship share is less than 0.2% against a mandatory 4%. Direction was issued to identify top 50 CPSUs and get a meeting organized at Ministers level so that concerned CPSUs can be sensitized towards meeting the requirement of Public Procurement Policy of MSMEs, which has already become binding from 1st April 2015 under the MSME Development Act 2015. Mauritius to exclusively offer Biofarming Technology to India Various areas of cooperation in MSME Sector between both the countries discussed First Joint Committee Meeting between India and Mauritius for the cooperation in MSME sector was held successfully on 21 st Ja ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nuary 2016. The possible areas of cooperation were identified . These areas are inline with the MoU signed between the two countries on 13 th December 2015. The issues discussed for cooperation were in the areas of capacity building through training of trainers, surveys on potential areas, managerial and technical skills, marketing, exhibitions trade fairs exchange of business missions, setting up of business incubators, easy access to finance, clusters initiative, etc. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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