Page 17 - NIS English 16-31 July 2022
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Udyami Bharat Nation
UDYAMI BHARAT: AMBITIOUS VISION FOR A MODERN
AND SELF-RELIANT ECONOMY
l Under the leadership of Prime Minister of India Guarantee Scheme, about 1.13 lakh micro and
Narendra Modi, many decisive steps have small enterprises were guaranteed a cover
been taken in the last eight years to promote of Rs 2.3 Lakh Crore which protected their
our micro, small and medium enterprises. interests during the Covid pandemic.
Today, the country's MSME sector has l Wholesale and retailers and street vendors
emerged as a key partner in the AatmaNirbhar can also take advantage of priority sector
Bharat campaign and is giving a new impetus lendings, for which the MSME definition has
to India's economic progress. been changed.
l The share of MSMEs in the total exports of l In the year 2021-22, the share of MSMEs
the country has increased remarkably in the in Central Government procurement was
last 8 years. Today, this sector is providing recorded at 35 percent which is more than the
employment to more than 11 crore people. target of 25 percent.
l More than 5 lakh enterprises have been l More than 94 lakh entrepreneurs are
set up since 2014 under Prime Minister's directly benefiting from various schemes
Employment Generation Programme by registering for free on the Enterprise
(PMEGP). About 41 lakh people have got Registration Portal and are expanding their
employment from this scheme. business. More than 48 thousand complaints
l 35 crore Mudra loans worth Rs 20 lakh crore have been settled by Champion Portal.
under PM Mudra Yojana have provided l An important component of the MSME sector
opportunities to entrepreneurs by providing is the khadi and village industries. With the
easy credit to the youth Prime Minister's vision of Khadi for Nation,
l Steps like a self-reliant package, SAMADHAN and Khadi for Fashion, Khadi has emerged as
portal, and encouragement of SC-ST women a global brand today. In eight years, the annual
entrepreneurs have created a new ecosystem sales of khadi have quadrupled from around
of entrepreneurship in the country. Under Rs 1,200 crore to over Rs 5,000 crore.
Stand Up India, 1.37 lakh startups have l The expansion of khadi and village industries
received loans worth around Rs 31,000 crore. is ensuring the prosperity of millions of
l Under ECLGS i.e. Emergency Credit Line weavers and people in rural areas.
PM MODI LAUNCHED THESE INITIATIVES
l Raising and Accelerating MSME Performance” Only with the initiative of MSME, the self-
(RAMP) scheme to support MSMEs reliant India campaign will get successful,
l ‘Capacity Building of First-Time MSME Exporters’ and India will be strong. You are called
(CBFTE) micro, small, and medium entrepreneurs,
l Introduction of new features in the ‘Prime Minister's but your role is very important in the
Employment Generation Program’ (PMEGP). height that India will achieve in the 21st
l Distribution of National MSME Awards, 2022. century. - Narendra Modi, Prime Minister
New India Samachar July 16-31, 2022 15
