EMPLOYMENT OPPORTUNITIES IN MSMEs
EMPLOYMENT OPPORTUNITIES IN MSMEs
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 (MSE-CDP), 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 of 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:
(No. of MSMEs & Employment in Lakhs)
FY
Total MSMEs Registered
Employment
Udyam
UAP
Total
Udyam
UAP
Total
2021-22
51.36
–
51.36
349.54
–
349.54
2022-23
72.33
13.32
85.66
446.95
133.25
460.27
2023-24
96.00
153.14
249.13
559.13
185.46
744.59
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*
Average project size (Rs. Lakh)
Total Loan Sanctioned
(Rs. Cr)
FY2021-22
1,03,219
2,977.66
8,25,752
9.01
8,773.23
FY2022-23
85,167
2,722.17
6,81,336
10.04
8,084.74
FY2023-24
89,118
3,093.88
7,12,944
11.14
9,385.00
* The average employment per unit is estimated to be 8.
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 of 3.49 crore reported during FY2021-22. Under Prime Minister’s Employment Generation Programme, the average annual estimated employment generation per unit during the last three years is 8. 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. Under PMEGP, the loan sanctioned to micro enterprises has increased from Rs. 8,773.23 Crore in FY 2021-22 to Rs. 9,385.00 Crore in FY 2023-24.
Steps taken by Government to encourage MSME units and employment opportunities in MSME sector include:
This information was given by the Minister of State for Micro, Small and Medium Enterprises, Sushri Shobha Karandlaje in a written reply in the Lok Sabha today.
- Prime Minister’s Employment Generation Programme (PMEGP):