Year End Recap of MoMSME

• Context (PIB): A year-end recap of the Ministry of MSME (MoMSME) schemes was presented.

Prime Minister’s Employment Generation Programme (PMEGP)

• PMEGP was launched in 2008 and works under the Ministry of MSME.
• PMEGP credit-linked subsidy scheme for providing employment opportunities by establishing micro-enterprises in the non-farm sector.
• The maximum project cost admissible for setting up a new enterprise is Rs. 50 lakhs in the manufacturing sector and Rs. 20 lakhs in the service sector.
• Geo-tagging of the PMEGP units and 2-day Entrepreneurship Development Programme (EDP) training are other features of PMEGP.

MSME Champions

• It aims to modernise processes, reduce waste, sharpen business competitiveness, and facilitate the National and Global reach and excellence of MSME clusters and entrepreneurs.

Components of MSME Champions

• MSME-Sustainable (ZED): It creates awareness amongst MSMEs about Zero Defect Zero Effect (ZED) practices and incentivises them for ZED Certification.
• MSME-Competitive (LEAN): It will train entrepreneurs to improve the efficiency of production processes with maximum resource utilisation to make them globally competitive and LEAN-certified.
• MSME-Innovative: It will help MSMEs with innovation in incubation, design intervention and protecting IPR.

CHAMPIONS 2.0 Portal

• It was launched in 2023 as an upgraded version of the “CHAMPIONS” portal.
• The portal will enhance user-friendliness and grievance resolution turn-around time to promote e-governance.

Contribution by MSME Technology Centres in the Space and Defence Sector

• Central Tool Room & Training Centre (CTTC), Bhubaneswar, manufactured and supplied precision components for the ‘Chandrayaan-3’ and ‘Aditya L1’ missions.
• The Institute for Design of Electrical Measuring Instruments (IDEMI), Mumbai, has manufactured and supplied a guiding device used in the assembly of the Chandrayaan-3.
• MSME technical institutions are also undertaking indigenisation of defence components.