In celebration of International MSME Day, the Ministry of MSME has organized ‘Udyami Bharat-MSME Day’ on June 27th, 2023, at Vigyan Bhawan in New Delhi. This event serves as a platform to introduce various initiatives aimed at promoting the progress and development of Micro, Small, and Medium Enterprises (MSMEs). With a focus on growth, innovation, and sustainability, these initiatives will play a crucial role in supporting the MSME sector.
Launch of Key Initiatives for MSME Growth and Development:
- CHAMPIONS 2.0 Portal and Mobile App: The CHAMPIONS 2.0 Portal and Mobile App have been introduced to provide comprehensive support to MSMEs. This one-stop solution will offer a range of services, including access to credit, capacity building, marketing support, and more. The inclusion of Geo-tagging of Cluster Projects and Technology Centers through the Mobile App will enable effective monitoring and evaluation, ensuring the successful implementation of these initiatives.
- MSME Idea Hackathon 2.0′ Results and Launch of ‘MSME Idea Hackathon 3.0’ for Women Entrepreneurs: The ‘MSME Idea Hackathon 2.0’ has been a platform encouraging innovation and creativity among MSMEs. To promote gender inclusivity, ‘MSME Idea Hackathon 3.0’ has been launched specifically for women entrepreneurs. This initiative aims to provide a platform for women to showcase their entrepreneurial skills and contribute to the growth and development of the MSME sector.
- Recognition and Support for ZED Certified MSMEs: The Ministry acknowledges the significance of quality standards in enhancing the competitiveness of MSMEs. As part of the program, Gold and Silver Zero Defect Zero Effect (ZED) certified MSMEs will be recognized and awarded certificates. These certificates serve as a testament to their commitment to producing high-quality products while minimizing their environmental impact. Such recognition boosts the morale of MSMEs and instills confidence among customers and stakeholders.
Financial Support and Memorandums of Understanding (MoUs):
- Margin Money Subsidy: During the ‘Udyami Bharat-MSME Day’ program, a digital transfer of Rs. 400 crore will be conducted as Margin Money subsidy. This financial support will benefit 10,075 beneficiaries under the Prime Minister’s Employment Generation Programme (PMEGP). The subsidy aims to encourage entrepreneurship and facilitate the establishment and growth of MSMEs.
- Collaborative Efforts through MoUs: The event will facilitate the signing of Memorandums of Understanding (MoUs) among various organizations of the Government of India. These collaborative efforts aim to create synergies and foster innovation in the MSME sector. The MoUs will pave the way for enhanced cooperation and coordination, benefiting MSMEs in terms of access to resources, technology, and expertise.
