Industry in India

 PRIME MINISTER’S EMPLOYMENT GENERATION PROGRAMME

  • A New scheme titled ‘Prime Minister’s Employment Generation Programme (PMEG) was launched in 2008-09 with the merging of the erstwhile Prime Minister Rozgar Yojana (PMRY) and Rural Employment Generation Programme (REGP) scheme.
  • The Scheme was envisaged to generate 37 lakh additional employment opportunities during the terminal four years of XI Plan.
  • The main objectives of the PMEGP are to generate employment opportunities in rural as well as urban areas and to bring together widely dispersed traditional artisans / rural and urban unemployed youth and give them self-employment opportunities to the extent possible.

CREDIT GUARANTEE FUND SCHEME FOR MICRO AND SMALL ENTERPRISES

  • The Government launched the Credit Guarantee Fund Scheme for Small Industries (now renamed as Credit Guarantee Fund Scheme for Micro and Small Enterprises in August 2000 with the objective of making available credit to MSES, particularly micro enterprises for loans up to Rs.100 lakhs without collateral third party guarantees.
  • The scheme is being operated by the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) set up jointly by the Government of India (SIDBI).

CLUSTER DEVELOPMENT PROGRAMME (MSE-CDP)

  • Cluster Development Programme (MSE-CDP) is being implemented for holistic and integrated development of micro and small enterprises in clusters through Soft Interventions (such as diagnostic study, capacity building, marketing development, export promotion, skill development, technology upgradation, organizing workshops, seminars, training, study visits, exposure visits, etc.) Hard Interventions (setting up of Common Facility Centres) and Infrastructure Upgradation (create/ upgrade infrastructural facilities in the new/ existing industrial areas/ cluster of MSEs).

KHADI AND VILLAGE INDUSTRIES COMMISSION

  • Khadi and Village Industries Commission (KVIC) established under the Khadi and Village Industries Commission Act, 1956, is a statutory organization under the aegis of the Ministry of MSME, engaged in promoting and developing Khadi and village industries for providing employment opportunities in the rural areas.
  • The main objectives of KVIC include:- (i) The social objective of providing employment in rural areas; (ii) The economic objective of producing saleable articles; and (iii) The wider objective of creating self—reliance amongst people and building up a strong rural community spirit.

WORKSHED SCHEME FOR KHADI ARTISANS

  • In order to facilitate and empower khadi spinners and weavers to chart out a sustainable path for growth, income generation and better work environment and to enable them to carry out their spinning and weaving work effectively ‘Workshed Scheme for Khadi Artisans‘ was introduced in 2008-09.
  • Under this Scheme, financial assistance for construction of worksheds is provided to khadi artisans belonging to BPL category through the khadi institutions with which the khadi artisans are associated.

COIR BOARD

  • The Coir Board is a statutory body establishment under the Coir Industry Act, 1953 for promoting overall development of the coir industry and improvement of the living conditions of the workers engaged in this traditional industry.
  • The Coir Board consists of a full-time chairman and 39 Members.
  • The functions of the Coir Board for the development of coir industry inter-alia, include undertaking scientific, technological and economic research and development of coir industry, collection of statistics relating to exports and internal consumption of coir and coir products; development of new products and designs; publicity for promotion of exports and internal sales, etc.

CENTRAL PUBLIC SECTOR ENTERPRISES

  • On the eve of first five year plan in 1952, there were 5 Central Public Sector Enterprises with the investment of Rs.29 crore, which have now increased to 277 enterprises as on 31.03.2013 with investment of 850599 crore.
  • Central Public Sector Enterprises (CPSEs) have been set up to serve the broad macro-economic objectives of higher economic growth, self—sufficiency in production of goods and services, long term equilibrium in balance of payments and low and stable prices.
  • The CPSES have also been making substantial contribution to augment the resources of Central Government through payment of divided, interest, corporate taxes, excise duties,
  • The Government of India announced in July, 1991 a statement of Industrial Policy inter-alia to improve the performance and portfolio of Public Sector Enterprises. The performance of CPSEs has improved significantly since 1991-92 and has shown continuous growth.

 RESTRUCTURING / REVIVAL OF SICK/ LOSS MAKING CPSES

  • The sick industrial enterprises are referred to Board for Industrial and Financial Reconstruction (BIFR) under the provision of Sick Industrial Companies (Special Provision) Act, 1985 for formulating appropriate revival/rehabilitation packages.
  • As on March, 2013, 63 CPSEs were registered with BIFR, out of which revival schemes were sanctioned in respect of 14 enterprises, 4 cases dismissed, 3 companies declared as ‘no longer sick‘, and 6 other cases dropped on account of net worth becoming positive.