Module-5. Micro, Small and Medium Enterprises Development Act , 2006. PERFORMANCE AND CONTRIBUTION OF MSMEs. 13 Million MSMEs > 8000 products. MSMEs. 45% industrial production. 40% Exports. 31 Million Employment. MSMED Act, 2006.
13 Million MSMEs
> 8000 products
The Act was formed for overseeing and regulating the development of MSMEs in India .
The major highlight of the MSMED act is that the MSM enterprises in the service sector are also covered under the act.
MSME’s are supported by Govt. of India & its agencies as
Ministry of MSME
National Small Industries Corporation
Small Industries Development Bank
District Industries Centre
Skill Development & Up gradation
Adequate & Affordable assistance in Finance
Credit Support guarantee fee of 1.5% and annual service fee of 0.75% on the credit facilities sanctioned.
Performance and Credit Rating Scheme guarantee fee of 1.5% and annual service fee of 0.75% on the credit facilities sanctioned.
Marketing Assistance and Export Promotion guarantee fee of 1.5% and annual service fee of 0.75% on the credit facilities sanctioned.
1. National institute for entrepreneurship and small business development (NIESBUD):-
It was established in 1983 by the ministry of industry. Its main functions are
2. Entrepreneurship development Institute of India (EDII)
3. Small industries development Organization (SIDO) designed to help a person in strengthening and fulfilling his entrepreneurial motive and in acquiring skills and capabilities necessary for playing his entrepreneurial role effectively”
Funding opportunities Training (NISIET), Hyderabad
start up in India
Department of science and Industrial Research Training (NISIET), Hyderabad
Ministry of MSMEs
Department of science and technology
SIDBI VENTURE SME Growth Fund
Department of Biotechnology
National Research development corporation
Department of Information Technology
Risk capital and Technology Finance Corporation ltd. Now called as IFCI Venture
Angel capital to start ups
Venture capital funding in India
Institutions providing funds to start ups
Banks and financial Institutions Funding Ventures Training (NISIET), Hyderabad
Small Scale Unit
Medium and Large scale unit
Technical resource centre
Vendor development – Buyer seller meet
Quality/ Technical up gradation
Training facility – EDP, MDP, Skill development
Bank credit facilitation
Export credit insurance
Performance & credit rating
Raw materials assistance
Evolving effective training strategies and methodology
Standardizing model syllabi for training various target groups
Developing training aids, manuals and tools
Facilitating and supporting Central / State/ Other agencies in organizing entrepreneurship development programmes
Conducting training programmes for promoters, trainers and entrepreneurs
Undertaking research and exchange experiences globally in development and growth of entrepreneurship.