Press Information Bureau

On the occasion of International MSME Day, The Ministry of Micro, Small & Medium Enterprises, MSME celebrated ‘Udyami Bharat-MSME Day’ here today. The Union Minister for Ministry of Micro, Small & Medium Enterprises, Shri Narayan Rane graced the occasion as Chief Guest of the programme along with the Union Minister of State for Micro, Small & Medium Enterprises, Shri Bhanu Pratap Singh Verma as Guest of Honor.

The event showcased the launch of various initiatives of the Ministry of MSME, dedicated towards growth and development of MSMEs such as ‘CHAMPIONS 2.0 Portal’ and ‘Mobile App for Geo-tagging of Cluster Projects and Technology Centers’ by the Chief Guest and Guest of Honor. Further, results for 'MSME Idea Hackathon 2.0' were declared and 'MSME Idea Hackathon 3.0' for women entrepreneurs was launched.

Addressing the gathering, Shri Narayan Rane emphasized the importance of MSMEs in the country’s GDP and exports and expressed hope that MSMEs will contribute to 50% of the country’s GDP by 2030.  He congratulated all stakeholders on the event’s success and urged everyone to take steps towards making India a USD 5 trillion economy.

Appreciating the role of Indian MSMEs in the growth of the country’s economy, Shri Bhanu Pratap Singh Verma highlighted, that since 2014, India’s GDP ranking has seen a significant jump from 10^th to 5^th position.

On this occasion, both the Union Ministers motivated entrepreneurs by distributing certificates to Gold and Silver ZED-certified MSMEs. During the event, 400 crore Margin Money subsidy was also released digitally to 10,075 beneficiaries of new Prime Minister’s Employment Generation Programme (PMEGP) units.

The event also included the signing of MoUs between the following organizations.

• Ministry of MSME and SIDBI, to create a portal for ‘PM VIshwakarma KAushal Samman’ (PMVIKAS) by SIDBI.
• Ministry of MSME and GeM, with the objective of sharing of Udyam Registration data with GeM for last mile registration of MSMEs in the Public Procurement eco-system.
• Ministry of MSME and the Industry Department, Government of Tripura, for sharing of Udyam Registration data through API, easing policy making and targeted distribution of scheme benefits.
• Ministry of MSME and Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) for giving guarantee coverage to the beneficiaries of the MSME sector.
• National Small Industries Corporation (NSIC) and National Scheduled Castes Finance and Development Corporation (NSFDC) & National Scheduled Tribes Finance and Development Corporation (NSTFDC), to promote mutual collaboration for supporting SC/ ST entrepreneurs under National SC-ST Hub and various schemes being implemented by NSFDC and NSTFDC.
• NSIC, LG Electronics India Private Limited, and Electronics Sector Skill Council of India to establish a Centre of Excellence (CoE) by LG Electronics in NTSC Chennai and Hyderabad.

The programme highlighted the schemes and initiatives of the Ministry of MSME. It showcased and celebrated the efforts of the Ministry towards improving the business environment for MSMEs and encouraged MSMEs to adopt sustainable practices.

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MJPS/NSK