EMPLOYMENT OPPORTUNITIES IN MSME
EMPLOYMENT OPPORTUNITIES IN MSME
Government implements various schemes to promote MSME sector. These include Prime Minister Employment Generation Programme (PMEGP), Procurement and Marketing Support (PMS) scheme, Credit Guarantee Scheme for Micro and Small Enterprises (CGSMSE), Micro and Small Enterprises Cluster Development Programme (MSECDP), Scheme of Fund for Regeneration of traditional Industries (SFURTI), A Scheme for Promotion of Innovation, Rural Industry & Entrepreneurship (ASPIRE) etc. The focus of PMEGP is exclusively on employment generation by setting up new micro enterprises.
Details of employment in MSME sector as per Udyam and Udyam Assist Platform (UAP) during the last 3 years are given below:
FY
Total MSMEs Registered
Employment
Udyam
UAP
Total
Udyam
UAP
Total
2021-22
51,36,236
–
51,36,236
3,49,54,072
–
3,49,54,072
2022-23
72,33,048
13,32,489
85,65,537
4,46,94,974
13,32,489
4,60,27,463
2023-24
95,99,941
1,53,13,518
2,49,13,459
5,59,13,216
1,85,46,114
7,44,59,330
The details of estimated employment generated under PMEGP during the last 3 years are given below:
Year
No. of Units Assisted
MM Subsidy
(Rs. Cr)
Estimated Employment Generated
FY2021-22
1,03,219
2,977.66
8,25,752
FY2022-23
85,167
2,722.17
6,81,336
FY2023-24
89,118
3,093.88
7,12,944
As per data available on Udyam registration and Udyam Assist Platform, employment is reported to be 7.44 crore in FY2023-24 as compared to the employment reported during FY2021-22 (3.49 crore). Under Prime Minister’s Employment Generation Programme, the average annual estimated employment generation during the last three years is 7.4 lakh. Further, as reported by RBI, credit disbursement to MSMEs has been increased from 16.97 lakh crores in FY2022-23 to 22.04 lakh crore in FY2023-24, indicating higher credit disbursement to the MSME sector.
Steps taken by Government to encourage MSME units and employment opportunities in MSME sector include:
This information was given by the Union Minister of Micro, Small and Medium Enterprises Shri Jitan Ram Manjhi in a written reply in the Rajya Sabha today.
- Prime Minister’s Employment Generation Programme (PMEGP):