Rs 4735 cr earmarked under PMEGP: Dinsha Patel

Dinsha J. Patel gave away the National Awards to MSMEs.

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Saurabh Gupta | 29 Aug, 2009
The Prime Minister Dr. Manmohan Singh along with Dinsha Patel, Minister of State (Independent Charge) for MSME have presented the National Awards to the successful Micro, Small and Medium Enterprises (MSME) as also to the Banks for excellence in MSE/ micro lending in New Delhi on Friday.

Spelling out the positive contribution of the MSME sector towards employment generation, Dinsha Patel said that during 2008-09 to 2011-12, an amount of Rs. 4,735 crore has been earmarked under Prime Minister Employment Generation Programme (PMEGP) scheme for generation of 37 lakh employment opportunities in rural and urban areas of the country.

He said the MSME sector is the second largest sector after the agriculture sector in employment generation and through two crore sixty lakh enterprises in this sector, about six crore people get employment.

The Minister said to face the global competition and improve the capacity of the enterprises the Ministry is implementing National Manufacturing Competency Programme. For the 11th Plan, an amount of Rs. 605 crore has been earmarked for this programme.

Under this programme, for increasing the competency, many programmes are being implemented under Public-Private partnership in order to attain global standards in quality and competency.

Patel added that Khadi and Village Industries sector plays an important role in generation of employment and in fulfillment of dreams of the Father of the Nation, Mahatma Gandhi.

Praising the role of banks in the credit available to MSME, Dinsha Patel said, "I congratulate those banks who provide support in fulfilling the requirements of this sector for which they are being honoured through national awards."

Speeking on the same occasion the Prime Minister said, "this sector is an important component of our national economy. It provides employment to nearly 60 million people and contributes over 45% of the total manufactured output and 40% of our exports earnings”.

Congratulating the award winning entrepreneurs, he said MSMEs also have an important role to play in developing the skills of our youth and thereby empower them to lead a life of dignity and self respect. Apart from producing technical manpower, this sector has trained a very large number of young people. In this way it contributes to the growth of disbursed industrialization in our large country.

The National Award Function was organized by the four important organizations under the Ministry of MSME, namely Office of the Development Commissioner (MSME), National Small Industries Corporation (NSIC), Khadi and Village Industries Commission (KVIC) and Coir Board.

Total 225 awards were presented in various categories, Dinsha Patel and the Secretary, Ministry of MSME, Dinesh Rai also presented some of the awards.