The issue of revision of investment limit for Micro, Small and Medium Enterprises (MSMEs) is under consideration of the Government. On the basis of the data on Gross Domestic Product (GDP) published by Central Statistics Office (CSO), the Ministry of Statistics & Programme Implementation and final results of the latest Census (Fourth Census), the estimated contribution of MSME Sector to GDP during 2010-11, 2011-12 and 2012-13 are 36.69%, 37.97% and 37.54% respectively. As per Directorate General of Commercial Intelligence and Statistics (DGCI&S) estimated data, the share/contribution of MSMEs in export during 2011-12, 2012-13 and 2013-14 is 43%, 43% and 42.40 % respectively. The Ministry of MSME has been allocated outlays of Rs.2,700.00 crore, Rs.2,835.00 crore, Rs.2,977 crore and Rs.3,327.00 crore for 2011-12, 2012-13, 2013-14 and 2014-15 respectively for providing incentives and subsidies etc. for promotion of MSMEs through various schemes and programmes. This information was given by the Union Minister for Micro, Small and Medium Enterprises in a written reply to a question in Lok Sabha here today (December 8, 2014).
Posted on: Mon, 08 Dec 2014 16:41:13 +0000
Trending Topics
Recently Viewed Topics
© 2015