PM launches historic Support and Outreach Initiative for MSME sector

Published By : Admin | November 2, 2018 | 17:50 IST
QuotePM Modi launches the MSME ‘Support and Outreach Programme’ in Delhi
QuotePM Modi also announced twelve major decisions to accelerate growth in the MSMEs of India.
QuoteThese 12 decisions are ‘Diwali Gifts’ from the government to the MSMEs of India: PM Modi
QuotePM unveils 12 key initiatives
Quote59 minute loan portal to enable easy access to credit for MSMEs
QuoteMandatory 25 percent procurement from MSMEs by CPSEs
QuoteOrdinance for simplifying procedures for minor offences under Companies Act

The Prime Minister, Shri Narendra Modi, today launched a historic support and outreach programme for the Micro, Small and Medium Enterprises (MSME) sector. As part of this programme, the Prime Minister unveiled 12 key initiatives which will help the growth, expansion and facilitation of MSMEs across the country.

|

The Prime Minister said that the 12 decisions that he is announcing today, will mark a new chapter for the MSME sector. Noting that MSMEs are one of the principal employment generators in India, the Prime Minister recalled the glorious Indian traditions of small scale industry, including Ludhiana’s hosiery, and Varanasi’s sarees.

The Prime Minister said that the success of economic reforms launched by the Union Government, can be gauged from the rise in India's “Ease of Doing Business Rankings,” from 142 to 77 in four years.

The Prime Minister said that there are five key aspects for facilitating the MSME sector. These include access to credit, access to market, technology upgradation, ease of doing business, and a sense of security for employees. He said that as a Diwali gift for the sector, the 12 announcements he is making, will address each of these five categories.

|

Access to Credit

As the first announcement, the Prime Minister announced the launch of the 59 minute loan portal to enable easy access to credit for MSMEs. He said that loans upto Rs. 1 crore can be granted in-principle approval through this portal, in just 59 minutes. He said a link to this portal will be made available through the GST portal. The Prime Minister asserted that in New India, no one should be compelled to visit a bank branch repeatedly.

The Prime Minister mentioned the second announcement as a 2 percent interest subvention for all GST registered MSMEs, on fresh or incremental loans. For exporters who receive loans in the pre-shipment and post-shipment period, the Prime Minister announced an increase in interest rebate from 3 percent to 5 percent.

The third announcement made by the Prime Minister was that all companies with a turnover more than Rs. 500 crore, must now compulsorily be brought on the Trade Receivables e-Discounting System (TReDS). He said that joining this portal will enable entrepreneurs to access credit from banks, based on their upcoming receivables. This will resolve their problems of cash cycle.

Access to Markets

The Prime Minister said that on access to markets for entrepreneurs, the Union Government has taken a number of steps already. In this context, he made his fourth announcement, that public sector companies have now been asked to compulsorily procure 25 percent, instead of 20 percent of their total purchases, from MSMEs.

The Prime Minister said his fifth announcement is related to women entrepreneurs. He said that out of the 25 percent procurement mandated from MSMEs, 3 percent must now be reserved for women entrepreneurs.

The Prime Minister said that more than 1.5 lakh suppliers have now registered with GeM, out of which 40,000 are MSMEs. He said transactions worth more than Rs. 14,000 crore have been made so far through GeM. He said the sixth announcement is that all public sector undertakings of the Union Government must now compulsorily be a part of GeM. He said they should also get all their vendors registered on GeM.

|

Technology Upgradation

Coming to technological upgradation, the Prime Minister said that tool rooms across the country are a vital part of product design. His seventh announcement was that 20 hubs will be formed across the country, and 100 spokes in the form of tool rooms will be established.

Ease of Doing Business

On Ease of Doing Business, the Prime Minister said his eighth announcement is related to pharma companies. He said clusters will be formed of pharma MSMEs. He said 70 percent cost of establishing these clusters will be borne by the Union Government.

The Prime Minister said that the ninth announcement is on simplification of government procedures. He said the ninth announcement is that the return under 8 labour laws and 10 Union regulations must now be filed only once a year.

The Prime Minister said that the tenth announcement is that now the establishments to be visited by an Inspector will be decided through a computerised random allotment.

The Prime Minister noted that as part of establishing a unit, an entrepreneur needs two clearances namely, environmental clearance and consent to establish. He said that the eleventh announcement is that under air pollution and water pollution laws, now both these have been merged as a single consent. He further said that the return will be accepted through self-certification.

|

As the twelfth announcement, the Prime Minister mentioned that an Ordinance has been brought, under which, for minor violations under the Companies Act, the entrepreneur will no longer have to approach the Courts, but can correct them through simple procedures.

Social Security for MSME Sector Employees

The Prime Minister also spoke of social security for the MSME sector employees. He said that a mission will be launched to ensure that they have Jan Dhan Accounts, provident fund and insurance.

The Prime Minister said that these decisions would go a long way in strengthening the MSME sector in India. He said the implementation of this outreach programme will be intensively monitored over the next 100 days.

 

 

Click here to read full text of speech

  • krishangopal sharma Bjp December 19, 2024

    नमो नमो 🙏 जय भाजपा 🙏🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩
  • Reena chaurasia September 02, 2024

    बीजेपी
  • Laxman singh Rana September 05, 2022

    नमो नमो 🇮🇳🙏
  • Laxman singh Rana September 05, 2022

    नमो नमो 🇮🇳🌹🌹
  • Laxman singh Rana September 05, 2022

    नमो नमो 🇮🇳🌹
  • Laxman singh Rana September 05, 2022

    नमो नमो 🇮🇳
  • Manda krishna BJP Telangana Mahabubabad District mahabubabad June 24, 2022

    🌹🌾🌹🌾
  • Manda krishna BJP Telangana Mahabubabad District mahabubabad June 24, 2022

    🌱🌹🌾
  • Manda krishna BJP Telangana Mahabubabad District mahabubabad June 24, 2022

    🙏🏻🇮🇳🙏🏻
  • Manda krishna BJP Telangana Mahabubabad District mahabubabad June 24, 2022

    🌹💐
Explore More
ਹਰ ਭਾਰਤੀ ਦਾ ਖੂਨ ਖੌਲ ਰਿਹਾ ਹੈ: ਮਨ ਕੀ ਬਾਤ ਵਿੱਚ ਪ੍ਰਧਾਨ ਮੰਤਰੀ ਮੋਦੀ

Popular Speeches

ਹਰ ਭਾਰਤੀ ਦਾ ਖੂਨ ਖੌਲ ਰਿਹਾ ਹੈ: ਮਨ ਕੀ ਬਾਤ ਵਿੱਚ ਪ੍ਰਧਾਨ ਮੰਤਰੀ ਮੋਦੀ
DigiYatra: A shining example of India's innovative DPI model in air travel

Media Coverage

DigiYatra: A shining example of India's innovative DPI model in air travel
NM on the go

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
PM reviews status and progress of TB Mukt Bharat Abhiyaan
May 13, 2025
QuotePM lauds recent innovations in India’s TB Elimination Strategy which enable shorter treatment, faster diagnosis and better nutrition for TB patients
QuotePM calls for strengthening Jan Bhagidari to drive a whole-of-government and whole-of-society approach towards eliminating TB
QuotePM underscores the importance of cleanliness for TB elimination
QuotePM reviews the recently concluded 100-Day TB Mukt Bharat Abhiyaan and says that it can be accelerated and scaled across the country

Prime Minister Shri Narendra Modi chaired a high-level review meeting on the National TB Elimination Programme (NTEP) at his residence at 7, Lok Kalyan Marg, New Delhi earlier today.

Lauding the significant progress made in early detection and treatment of TB patients in 2024, Prime Minister called for scaling up successful strategies nationwide, reaffirming India’s commitment to eliminate TB from India.

Prime Minister reviewed the recently concluded 100-Day TB Mukt Bharat Abhiyaan covering high-focus districts wherein 12.97 crore vulnerable individuals were screened; 7.19 lakh TB cases detected, including 2.85 lakh asymptomatic TB cases. Over 1 lakh new Ni-kshay Mitras joined the effort during the campaign, which has been a model for Jan Bhagidari that can be accelerated and scaled across the country to drive a whole-of-government and whole-of-society approach.

Prime Minister stressed the need to analyse the trends of TB patients based on urban or rural areas and also based on their occupations. This will help identify groups that need early testing and treatment, especially workers in construction, mining, textile mills, and similar fields. As technology in healthcare improves, Nikshay Mitras (supporters of TB patients) should be encouraged to use technology to connect with TB patients. They can help patients understand the disease and its treatment using interactive and easy-to-use technology.

Prime Minister said that since TB is now curable with regular treatment, there should be less fear and more awareness among the public.

Prime Minister highlighted the importance of cleanliness through Jan Bhagidari as a key step in eliminating TB. He urged efforts to personally reach out to each patient to ensure they get proper treatment.

During the meeting, Prime Minister noted the encouraging findings of the WHO Global TB Report 2024, which affirmed an 18% reduction in TB incidence (from 237 to 195 per lakh population between 2015 and 2023), which is double the global pace; 21% decline in TB mortality (from 28 to 22 per lakh population) and 85% treatment coverage, reflecting the programme’s growing reach and effectiveness.

Prime Minister reviewed key infrastructure enhancements, including expansion of the TB diagnostic network to 8,540 NAAT (Nucleic Acid Amplification Testing) labs and 87 culture & drug susceptibility labs; over 26,700 X-ray units, including 500 AI-enabled handheld X-ray devices, with another 1,000 in the pipeline. The decentralization of all TB services including free screening, diagnosis, treatment and nutrition support at Ayushman Arogya Mandirs was also highlighted.

Prime Minister was apprised of introduction of several new initiatives such as AI driven hand-held X-rays for screening, shorter treatment regimen for drug resistant TB, newer indigenous molecular diagnostics, nutrition interventions and screening & early detection in congregate settings like mines, tea garden, construction sites, urban slums, etc. including nutrition initiatives; Ni-kshay Poshan Yojana DBT payments to 1.28 crore TB patients since 2018 and enhancement of the incentive to ₹1,000 in 2024. Under Ni-kshay Mitra Initiative, 29.4 lakh food baskets have been distributed by 2.55 lakh Ni-kshay Mitras.

The meeting was attended by Union Health Minister Shri Jagat Prakash Nadda, Principal Secretary to PM Dr. P. K. Mishra, Principal Secretary-2 to PM Shri Shaktikanta Das, Adviser to PM Shri Amit Khare, Health Secretary and other senior officials.