Cabinet approves creation of ‘Indian Enterprise Development Service

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 Índian 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”, “Stand-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 requirements. The Programme would be implemented at an estimated cost of Rs. 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 Rs.145 crore for creating facilities towards plant & machinery, development of civil and associate infrastructure.

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 participants 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.

Ministry of MSME has made an initial allotment of allocation of Rs. 490 crore for the period 2016-2020 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.

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 country 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 to 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 MoUs with 33 banks, 14 of whom have agreed to associate with online Finance Facilitation Web Portal.