Udyami Bharat Programme

29th June, 2022 Economy

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Context

Prime Minister Shri Narendra Modi will participate in the ‘Udyami Bharat’ programme at Vigyan Bhawan in New Delhi on 30th June, 2022.

Details

‘Udyami Bharat’ is reflective of the continuous commitment of the government, to work towards empowerment of MSMEs.
Under this Government has launched several initiatives from time to time like MUDRA Yojana, Emergency Credit Line Guarantee Scheme, Scheme of Fund for Regeneration of Traditional Industries (SFURTI) etc. to provide necessary and timely support to the MSME sector, which has helped benefit crores of people across the country.

The upcoming Programme

PM will launch the ‘Raising and Accelerating MSME Performance’ (RAMP) scheme, ‘Capacity Building of First-Time MSME Exporters’ (CBFTE) scheme and new features of the ‘Prime Minister’s Employment Generation Programme’ (PMEGP).
Prime Minister will also digitally transfer assistance to beneficiaries of PMEGP for 2022-23; announce results of MSME Idea Hackathon, 2022; distribute National MSME Awards, 2022; and issue Digital Equity Certificates to 75 MSMEs in the Self Reliant India (SRI) Fund.

‘Raising and Accelerating MSME Performance’ (RAMP) scheme

This Scheme aims to scale up the implementation capacity and coverage of MSMEs in the States, with impact enhancement of existing MSME schemes.
It will complement the Aatmanirbhar Bharat Abhiyan by fostering innovation, encouraging ideation, incubating new business and entrepreneurship by developing quality standards, improving practices and processes, enhancing market access, deploying technological tools and Industry 4.0 to make MSMEs competitive and self-reliant.

‘Capacity Building of First-Time MSME Exporters’ (CBFTE) scheme

This Scheme aims to encourage MSMEs to offer products and services of international standards for the global market. This will enhance the participation of Indian MSMEs in the global value chain and help them realise their export potential.

‘Prime Minister’s Employment Generation Programme’ (PMEGP)

Prime Minister’s Employment Generation Programme (PMEGP) is a credit linked subsidy programme is credit linked Scheme that aims to generate continuous and sustainable employment opportunities in Rural and Urban areas of the country through setting up of new self-employment ventures / projects / micro enterprises.
In the upcoming event Prime Minister will launch new features of the ‘Prime Minister’s Employment Generation Programme’ (PMEGP). These include increase in the maximum project cost to Rs 50 lakhs (from Rs 25 lakhs) for manufacturing sector and Rs 20 lakhs (from Rs 10 lakhs) in the service sector and inclusion of applicants from Aspirational districts & Transgenders in the Special Category applicants for availing higher subsidies. Also, handholding support is being provided to applicants/entrepreneurs through engagement of banking, technical & marketing experts.

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