Lok Sabha Question No. 342 (UNSTARRED), answered on 2022-12-08
Subject: Promotion of Entrepreneurship in MSME Sector
Ministry: MICRO,SMALL AND MEDIUM ENTERPRISES
Asked by: Chandeshwar Prasad

## GOVERNMENT OF INDIA MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES

## LOK SABHA UNSTARRED QUESTION NO. 342

## TO BE ANSWERED ON 08.12.2022

## PROMOTION OF ENTREPRENEURSHIP IN MSME SECTOR

## 342. SHRI CHANDESHWAR PRASAD:

Will the Minister of MICRO, SMALL AND MEDIUM ENTERPRISES be pleased to state:

- (a) the  initiatives  taken  by  the  Government  to  promote  entrepreneurs  in  MSME  sector  in  the country particularly in Bihar; and
- (b) the  steps  taken  by  the  Government  to  develop  entrepreneurship  attitude/skill  among  the youth?

## ANSWER

## MINISTER OF STATE FOR MICRO, SMALL AND MEDIUM ENTERPRISES (SHRI BHANU PRATAP SINGH VERMA)

(a): Ministry  of  MSME  implements  various  schemes/programmes  for  the  promotion  and development of Micro, Small and Medium Enterprises (MSMEs) sector across the country including Bihar  which  inter  alia  include  Prime  Minister's  Employment  Generation  Programme  (PMEGP), Micro  and  Small  Enterprises-Cluster  Development  Programme  (MSE-CDP),  Scheme  of  Fund  for Regeneration  of  Traditional  Industries  (SFURTI),  Credit  Guarantee  Scheme  for  Micro  and  Small Enterprises  (CGTMSE),  A  Scheme  for  Promoting  Innovation,  Rural  Industry  &  Entrepreneurship (ASPIRE).

The Government has taken a number of recent initiatives to support MSMEs in the country including Bihar, which inter alia include:

- (i) Rs. 5 lakh crore Collateral Free Automatic Loans for business, including MSMEs.
- (ii) Rs. 50,000 crore equity infusion through MSME Self-Reliant India Fund.
- (iii) New revised criteria for classification of MSMEs.
- (iv) No global tenders for procurement up to Rs. 200 crores.
- (v) 'Udyam Registration' for MSMEs, for Ease of Doing Business.
- (vi) Launching of  an  online  Portal  'Champions'  in  June,  2020  to  cover  many  aspects  of  egovernance including grievance redress and handholding of MSMEs.
- (vii) Inclusion of Retail and Wholesale trades as MSMEs w.e.f. 02 nd July, 2021.
- (viii) Non-tax benefits extended for 3 years in case of an upward change in status of MSMEs.

'Udyam Registration' portal was launched on 01.07.2020 for registration of MSMEs under the new definition. Number of MSMEs registered on the portal, since inception till 02.12.2022 are given below:

| State     | Micro       | Small    | Medium   | Total       |
|-----------|-------------|----------|----------|-------------|
| Bihar     | 4,75,819    | 10,009   | 555      | 4,86,383    |
| All India | 1,18,70,882 | 4,28,289 | 39,524   | 1,23,38,695 |

(b): Ministry  of  MSME  implements  'Entrepreneurship  and  Skill  Development  Programme' (ESDP)  scheme  to  develop  entrepreneurship  attitude/skill  among  the  youth  across  the  country  by motivating youth representing different sections of the society including SC/ST/Women, differently abled,  Ex-servicemen  and  BPL  persons.  The  main  objective  of  the  scheme  is  to  promote  new enterprises,  capacity  building  of  existing  MSMEs  and  inculcating  entrepreneurial  culture  in  the country.