Hotline: 1800 102 2007
X
Search Business Opportunities
2012-12-04

Filings to start new MSMEs shows sector’s growth: Muniyappa

The MSME sector has noticed an increase of 19.06 per cent in year 2011-12 in terms of Entrepreneurs’ Memoranda (EMs) filed across India to set-up new MSMEs. The number of EMs filed in 2011-12 was 2,82,496, which is almost twice a jump as compared to 2,372

The MSME sector has noticed an increase of 19.06 per cent in year 2011-12 in terms of Entrepreneurs’ Memoranda (EMs) filed across India to set-up new MSMEs. The number of EMs filed in 2011-12 was 2,82,496, which is almost twice a jump as compared to 2,37263 EMs filed in 2010-11. The figures were given by minister of state for MSME KH Muniyappa in a written reply to a question in the Lok Sabha.

The reply also said that the prime minister’s task force has made 85 recommendations, out of which 77 were acknowledged and eight were declined by the Steering Group. Out of these 77 recommendations, action on 39 recommendations has been completed and action on 38 recommendations is in progress.

Also, the credit linked capital subsidy scheme for technology upgradation of MSMEs provides capital subsidy at 15 per cent of value of plant and machinery on loans up to Rs 1 crore. The scheme is implemented through 11 Nodal Banks, the minister said in reply to another question.

Further, the minister also replied that FDI in MSMEs has also been raised to 100 per cent from 24 per cent in order to promote capital investment by foreign multinational companies in SMEs.

The MSME Ministry has been implementing various schemes for the promotion and development of MSMEs in the areas of credit, infrastructure, technology-upgradation, marketing, etc. The ministry also notified the Public Procurement Policy for MSMEs to promote them by improving their market access.

Related opportunities
  • Casual dine Restaurants
    About: Gola Sizzlers is a well established authentic chain of restaurants..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Bars, Pubs & Lounge
    About :  Grandmama's Cafe is an all-day café and bar..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Us: Being dessert lovers and passionate foodies, the trio decided..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Juices / Smoothies / Dairy parlors
    About:Milkshake & Co a progressive venture of Kaira luxury beverages private..
    Locations looking for expansion New Delhi
    Establishment year 2000
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts