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2011-05-26

Sub groups formed for MSMEs

Under the Chairmanship of Secretary MSME, Uday Kumar Varma, a number of sub-groups on vital areas of MSME growth like Credit and Institutional Finance, Skill Development, Technology & Innovation, Mark

A number of sub-groups on vital areas of Micro, Small & Medium Enterprise (MSME) growth have been formed at the first meeting of Working Group on "Micro, Small & Medium Enterprises Growth" for the Twelfth Five Year Plan (2012-2017), held in New Delhi on Wednesday.

Under the Chairmanship of Secretary MSME, Uday Kumar Varma, a number of sub-groups on vital areas of MSME growth like Credit and Institutional Finance, Skill Development, Technology & Innovation, Marketing & Procurement, Infrastructure, KVIC, Coir Board, Special Packages & Groups and Emerging Technology etc. were formed.

The members of the Working Group which represented the Government Departments, State Departments, Industrial Associations and Financial Institutions attended the meeting. They also suggested that sub-groups may be formed on Informal Sector, Environment Sustainability etc.

The terms of Reference of the Working Group would be as under:

Taking the report of PM’s Task Force on MSME sector, as the basis, to evaluate the progress of the sector in terms of overall growth, potential for job creation and as a vehicle for innovation.

To review the implementation of measures recommended by the PM’s Task Force and other schemes of the sector and suggest corrective measures, if any.

To articulate the problems of small & micro enterprises in the unorganized sector and suggest measures for improving their productivity, quality of products, easy access to credit, technology up-gradation/adoption etc.

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