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MSME Insider April 2021

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MSME Insider April 2021 MSME April 2021/Vol XXXII INSIDER Shri Nitin Gadkari Hails KVIC's Innovative Project RE-HAB Women Empowerment- Food for Thought EVENTS India-Brazil G2G Webinar on MSME -Ms. Umadevi Cherukupally to share policies & practices on development of MSMEs Success Stories Success Stories Designer par excellence - Sangi Shreya, Patna ACHIEVEMENTS SKILL DEVELOPMENT During the month of March, 2021, (up to 26.03.2021) 44,774 persons have been imparted skill training. Udyam Registration – Revival Ministry of Micro, Small & Medium Enterprises, Government India / March 2021 Vol XXXII Udyam Registration of MSMEs “Business opportunities are like buses, there’s always another one coming. Table of Contents Around The Ministry 3 Social Media 5 Success Stories 7 Innovations/ Research 9 KVIC's Innovative Project 10 RE-HAB Events 13 Achievements 14 Udyam Registration The registration process is free of cost, paperless, online and aimed at reducing transaction time, cost for entrepreneurs and promotes Ease of Doing Business. @udyamregistration.gov.in TOTALLY FREE OF COST MSME INSIDER March 2021 From the Development Commissioner's Desk … Shri Devendra Kumar Singh Development Commissioner, MSME Udyam Registration – Revival of MSMEs Micro, Small and Medium Enterprises (MSMEs) have been the backbone of Indian economy. More than 6 crore MSMEs have a crucial role to play in building a stronger and self-reliant India. These small economic engines have a huge impact on the country’s GDP– making a contribution of around 30 percent. They contribute to almost half of exports from the country. Additionally, more than 11 crore people are employed in the MSME sector. To address policy issues affecting MSMEs as well as the coverage and investment ceiling of the sector, Micro, Small and Medium Enterprises Development (MSMED) Act was notified in 2006. This Act seeks to facilitate the development of these enterprises and also enhances their competitiveness through various schemes, privileges & other benefits from Government of India. In 2015, Government introduced Udyog Aadhaar Registration under the campaign of ‘Make in India’ to make the process of MSME registration easy by filling one page form. Although the UAM brought MSMEs under the formal and organized side of their existence, due to the provision of self-certification, it was prone to multiple registrations by a single entity. MSME INSIDER March 2021 1 The much-expected change in the definition of MSME was brought to reality by the Government under the “Atmanirbhar Bharat Package” to make MSME sector globally competitive. Earlier, the MSMEs were defined on the basis of investments put in, now the revised definitions also include turnover of the enterprise. Also, the revised definition considers both Manufacturing & Service enterprises under common metric. The new definition paves way for strengthening and growth of MSMEs. Particularly, the provision of excluding the exports from counting of overall turnover encourages the MSMEs to export more and more without fearing to lose the benefits of a MSME unit. With a view to simplifying the registration process and promote ease of doing business, the UDYAM Registration was launched on 1st July 2020, which triggered the reclassification for all MSMEs existing on 30th June 2020. The registration process is free of cost, paperless, online and aimed at reducing transaction time, cost for entrepreneurs and promotes Ease of Doing Business. The entrepreneur friendly portal is integrated with Income Tax and GST Networks in the backend to fetch out the relevant information needed for registration. Ministry of MSME has also commenced API integration of Udyam Registration portal with GeM to allow participation in Government procurement easily. Udyam registration helps in getting government tenders, easy access to credit in lower interest rates, various tax rebates available, becomes easy to get licenses, approvals, and registrations irrespective of the field of business, etc. To sum up, the new ray of hope for MSME’s through the Udyam Registration process brings in multifold benefits & privileges empowering the sector to greater progress thereby in better nation building too. The Ministry is optimistic that this process will be extremely simple, seamless entrepreneur friendly. It will set an example in ease of doing business, not only in India but internationally. It will reduce transaction time and costs. Entrepreneurs and Enterprises can focus on their real work and become globally competitive. I would like to congratulate the Udyam registration team for achieving incredible success by supporting the registration of over 30 lakh MSMEs in less than a year’s time. Hope we keep our best foot forward and help to bring more MSMEs under Udyam registration soon. MSME INSIDER March 2021 2 Around The Ministry Event was held for distribution of electric potter’s wheel, blunger machine and pottery skill development training Hon’ble MoS (MSME), addressed an event of distribution of 40 electric potter’s wheel, blunger machine and pottery skill development training in Balasore district, Odisha. Empowering Women Entrepreneurs 2021 Shri Nitin Gadkari, Union Minister for MSME, inaugurated the ‘Annual Conference on Empowering Women Entrepreneurs 2021’ that was organized by the Ministry of MSME at New Delhi. At the event he feliciated women entrepreneurs for their outstanding performances in the MSME sector. MSME INSIDER March 2021 3 NSIC signed an MoU with National Scheduled Tribe Finance & Development Corporation (NSTFDC) & SAIL An MoU with National Scheduled Tribe Finance & Development Corporation (NSTFDC) & SAIL- Rourkela Steel Plant was signed on 26.02.2021 by Shri Ashit Gopal (IFS), CMD, NSTFDC and Shri P. Udayakumar, Director (Planning & Marketing), NSIC for financial support for the Livelihood Business Incubation Centre (LBI) coming up at Rourkela. The MoU was exchanged between Shri Vijayendra, IAS, CMD, NSIC and Shri Ashit Gopal (IFS), CMD, NSTFDC. Fragrance & Flavour Development Centre Smt. Anandiben Patel, Hon’ble Governor of Uttar Pradesh visited Fragrance & Flavour Development Centre (FFDC), Kannauj on 23.03.2021 and appreciated the activities carried out by the centre. NSIC signed an MoU with Agricultural and Processed Food Products Export Development Authority NSIC signed an MoU with Agricultural and Processed Food Products Export Development Authority (APEDA) on 17.03.2021 for supporting and empowering Agri entrepreneurs. The MoU was signed by Shri P. Udayakumar, Director (Planning & Marketing), NSIC and Dr. Sudhanshu, Secretary, APEDA. MSME INSIDER March 2021 4 Ministry of MSME has an active social media presence that highlights the Ministry’s day to day activities and engages Social Media with the public directly. This section highlights the social media buzz and the higest engagement posts for the month twitter.com/minmsmeImpression: 17,550 views Don't miss out! more than 25 Lakh MSMEs have already registered their enterprises and joined the MSME family. REGISTER NOW ! FOLLOW US @minmsme to be part of the MSME community & avail the various benefits under schemes of Ministry of MSME. #UdyamRegistration #MSME MSME INSIDER March 2021 5 facebook.com/minmsmeImpression: 6,304 views Don't miss out! more than 25 Lakh MSMEs have already registered their enterprises and joined the MSME family. REGISTER NOW ! to be part of the MSME community & avail the various benefits under schemes of Ministry of MSME. #MSME #udyamregistration Ministry of Micro, Small and Medium Enterprises,Government of India Press Information Bureau - PIB, Government of India FOLLOW US @minmsme MSME INSIDER March 2021 6 Success Stories ! of entrepreneurs. MSME INSIDER March 2021 7 Women empowerment – Food for thought Ms. Umadevi Cherukupally She has a post-graduate degree in economics. The urge to empower other women by first being empowered herself gave her the idea to become an entrepreneur. Meet Ms. Umadevi Cherukupally, Proprietor of MyHome Foods, Telangana. The hectic lives of working women Made her think about manufacturing and supplying instant, ready-to-use spices and mixes commonly used in Indian kitchens. She then underwent a course on Online Marketing offered by the local MSME Institute and learnt about the PMEGP scheme of financial assistance. She now manufactures and supplies hygienically made and packed spices and mixes. Ask her how she feels, and she emphatically says “Entrepreneurship will empower both the Individual and our country”. Truly inspiring, isn’t it? Designer par excellence Ms. Sangi Shreya, Patna For Ms. Sangi Shreya, designing garments and embellishing them was her first passion. She used to design outfits for herself and her friends. This passion led her to become an entrepreneur by opening her own Fashion boutique – Shreya Creations – in Patna. She read about the PMEGP scheme in a newspaper advertisement and lost no time in applying for financial assistance. A loan under this scheme, through Punjab National Bank helped her realize her dream. Today, Ms Sangi Shreya is a very busy woman, with an annual turnover of Rs. 100 lakhs! According to Ms Shreya, delivering quality products is very important for a business to grow and sustain. And this keeps her going!! MSME INSIDER March 2021 8 15 Innovation/ Research Central Tool Room & Training Centre (CTTC), Bhubaneswar has developed the following: • Shutoff valve made of Inconel material (being imported from Israel) for use in Missile development by Defence Research & Development Organisation (DRDO). • Silicon tracking detector of the Compact
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