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Tender Bar Helps MSME

Nitin Gadkari, Union Minister for Micro, Small and Medium Enterprises has said that “NO Global Tender for procurement up to Rs.200 Crore will help MSME Sector”.

Minister Mr.Gadkari in written reply to a question in Rajya Sabha today, said  Ministry of MSME implemented various schemes and programs for growth and development of MSME Sector in the country.
This is one of the decisions, which will help MSME Sector in a big way.
Minister said the schemes and programs include PrimeMinister’s Employment Generation program (PMEGP), Scheme of Fund for Regeneration of Traditional Industries (SFURTI), A Scheme for Promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE), Interest Subvention Scheme for Incremental Credit to MSMEs, Credit Guarantee Scheme for Micro and Small Enterprises, Micro and Small Enterprises Cluster Development Program (MSE-CDP), Credit Linked Capital Subsidy and Technology Upgradation Scheme (CLCS-TUS).
Recently, Post Covid-19, Government has taken a number of initiatives under Aatma Nirbhar
Bharat Abhiyan to support the MSME Sector in the country especially in Covid-19 pandemic has been taken to help the entrepreneurs.
The scheme includes Rs 20,000 crore Subordinate Debt for MSMEs, Rs. 3 lakh crores Collateral free Automatic Loans for business, including MSMEs and Rs. 50,000 crore equity infusion through MSME Fund of Funds.
Minister said the new revised criteria for classification of MSMEs will help the sector.
New Registration of MSMEs through Udyam Registration for Ease of Doing Business is helpful for the sector.
No global tenders for procurement up to Rs. 200 crores, this will help MSME.
An online Portal “Champions” has been launched on 1 June  by the Prime Minister.
This covers many aspects of e-governance including grievance redressal and handholding of MSMEs.
Through the portal, total 18,723 grievances have been redressed up to 9 September.
Reserve Bank of India (RBI) has also announced several measures to Reduce Financial Stress of MSMEs, said Minister.
 


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