Rakesh Sachan, Cabinet Minister for Ministry of MSME and Khadi, Government of Uttar Pradesh, attended the SMEStreet GameChangers Forum 2022 Webinar as the Chief Guest and emphasised the UP Government’s commitment to creating a positive and safe environment for business. “We are working towards ensuring an all-around positive ecosystem for economic upliftment in the state,”. Mercy Epao, Joint Secretary, Ministry of MSME, Govt of India, attended the event as the Guest of Honour and delivered her keynote address, highlighting flagship MSME policies and schemes that are designed to give a boost to MSMEs in order to bounce back on a growth path after the pandemic.
The webinar was held on the 19th of July and was attended by over 4,000 MSME audience members and various social media platforms. P. Udayakumar, CMD of NSIC, also participated in the forum and emphasised NSIC’s commitment to building a new India with successful MSMEs and a sustainable growth ecosystem for the sector.
Highlighting the first 100 days of the second term of the Yogi government of Uttar Pradesh, the MSME Minister of UP mentioned the success of the Mega Loan Mela that Chief Minister Yogi Adityanath launched. Through this initiative, a loan of Rs 16 thousand crores has been distributed to one lakh nine hundred thousand beneficiaries of the state.
The Minister also highlighted initiatives like the sanctioning of common facility centres in various districts under the One District, One Product common facility centre (CFC), saying, “Such schemes are helping MSMEs from smaller towns like Azamgarh, Siddharthnagar, Sitapur, and Ambedkar Nagar. Similarly, the proposal for the upgradation of infrastructure facilities under the central government’s Cluster Development Program shows that major development work is happening in Jalaun’s Industrial Asthan Coach, Salarpur Industrial Area of Badaun,”
The Ministry of MSME is not only working on policies but also addressing the grievances of MSMEs through online Champions and Samadhan portals. The MSME Ministry has recently launched the CBFTE Scheme to support first-time exporters by assisting them financially with registration with EPCs, insurance premium testing, and certification of their products and services. Innovation, ZED and Lean schemes will help the MSMEs to become competitive in the global value chain. The Ministry has launched the Udyam Registration portal to encourage MSMEs to access various benefits offered by the government. It is also a step toward bringing the MSMEs into the formal sector.
“Towards inclusive growth, the Ministry has been implementing NSSH Scheme to support SC/ST entrepreneurs mainstream their economic activities. It has been working with a focused aim of reaching 4% procurement by the CPSEs/Government from the SC/STs. To encourage women’s entrepreneurship, SAMARTH was announced on 8th March 2022 to reserve 20% seats for all skill programs and exhibition/fairs (both domestic and international),” said Mercy Epao.
P Udayakumar, CMD, NSIC, Ministry of MSME, presented a special address in which he highlighted MSME schemes that are executed by NSIC.
A panel discussion on the Roadmap for MSMEs with MSME Perspective in the Pursuit of India Becoming a five Trillion Dollar Economy was also organised, with distinguished panellists such as P Uadayakumar, CMD of NSIC, Ministry of MSME, Naresh Verma, Past President, Manufacturers Association Faridabad, and Abhinav Jain, Founder, Almond Virtex participating.
For the panel discussion, Udayakumar mentioned, “NSIC offers fully integrated solutions to MSMEs, from incubation to last mile exports through various interventions. The latest game-changing interventions are Self Reliant India( SRI) Fund for equity infusion with a corpus of Rs 50000 crores, A scheme for the first-time exporters supported by the Ministry, and Subsidy support for Micro enterprises for MSMEmart membership among other commercial schemes,”