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MSME Ministry launches 'SAMARTH' to promote women entrepreneurship

  • Posted By
    10Pointer
  • Categories
    Polity & Governance
  • Published
    9th Mar, 2022

 The MSME Ministry launched SAMARTH -- a special entrepreneurship promotion drive for women.

Context

 The MSME Ministry launched SAMARTH -- a special entrepreneurship promotion drive for women.

What is SAMARATH?

  • SAMARATH is the drive which aims to help women to be self-reliant and independent by providing them with self-employment opportunities. 
  • Under SAMARTH, 20 per cent seats in free skill development programmes, organised under skill development schemes of the ministry, will be allocated for aspiring and existing women entrepreneurs. 
  • This will benefit more than 7,500 women in 2022-23. 
  • Moreover, 20 percent of MSME business delegations sent to domestic and international exhibitions under the schemes for marketing assistance implemented by the ministry will be dedicated to women-owned MSMEs. 
  • Women entrepreneurs can also avail a 20 percent discount on annual processing fee on commercial schemes of the National Small Industries Corporation (NSIC) in 2022-23. 

What is MSME Ministry?

  • Founded in: 2007
  • The Ministry designs policies and promotes/ facilitates programmes, projects and schemes and monitors their implementation with a view to assisting MSMEs and helping them to scale up.

About MSME

  • MSME stands for Micro, Small, and Medium Enterprise that was introduced by the Government of India in agreement with the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006. 
  • MSME is initiated and managed under the Ministry of MSME (MoMSME) are entities engaged in the production, manufacturing, processing or preservation of goods and commodities.
  • As per the official data as of 31st Aug 2021, there are presently approximately 6.3 crore MSMEs in India.

Sector/Enterprise Type

Micro-Enterprise

Small Enterprise

Medium Enterprise

Manufacturing & Services Sector, Both

Investment less than Rs. 1 crore

Turnover less than Rs. 5 crore

Investment less than Rs. 10 crore

Turnover up to Rs. 50 crore

Investment is less than Rs. 50 crore

Turnover up to Rs. 250 crore

Verifying, please be patient.

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