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Production of MSME Sector up by 30.72%

NEW DELHI: The gross output of MSME Sector has annual compound growth rate of 30.72 per cent at current prices as compared to the Third All India Census of Small Scale Industries (with base reference year 2001-02), published in 2004, according to the latest Census (Fourth Census) conducted (with base reference year 2006-07) wherein data was collected till 2009 and results published in 2011-12.


Information on the production of Micro, Small and Medium Enterprises (MSMEs) in the country is collected by conducting All India Census of the sector, periodically.


Based on the data published by Central Statistics Office, Ministry of Statistics and Programme Implementation, the annual compound growth rate of gross domestic product (GDP) is 13.51 percent at current prices during the same period.


The Government facilitates the production in MSMEs through implementation of various schemes/programmes relating to credit, infrastructure development, technology upgradation, marketing, entrepreneurial/skill development etc.


The major schemes include Credit Guarantee Scheme, Credit Linked Capital Subsidy Scheme, Performance and Credit Rating Scheme, Cluster Development Programme, National Manufacturing Competitiveness Programme, Prime Minister’s Employment Generation Programme and Skill Development Programme.


This information was given by the Minister of State (Independent Charge) for Micro, Small and Medium Enterprises, K. H. Muniyappa in a written reply to a question in the Rajya Sabha on Monday.