MSME-Technology Centres

February 26, 2022

Narayan Rane, the Union MSME Minister has announced the formation of the MSME Technology Centre at Sindhudurg, Maharashtra. This will be set up at a cost worth Rs 200 crore.

Overview:

The Konbac Sfurti Cluster in Kudal was also launched. This will support 500 honey bee boxes, 300 artisans. 100 electric pottery wheels and 100 agarbatti production machines were also distributed to provide opportunities for self-employment.
Rupay Card was also launched which offers perks such as digital payments at any time, an interest rate that is comparable to that applicable to loans, and an interest-free period.

Importance of MSME-Technology Centre

Through the MSME-Technology Centre the best technology, incubation, and advisory support will be provided to the industry, especially MSMEs. This will be done with the objective of enhancing their competitiveness and providing skilling services for both the unemployed as well as employed youth of the area so as to increase their chances of employability.

Since 2016, Around 2000+ new manufacturing units have been set up in Konkan, to boost employment in Maharashtra.

MSME Industry in India

The MSME sector has contributed significantly to the country’s socio-economic development. The sector has grown in importance in India as a result of its contribution to the country’s exports and GDP. This sector has also made significant contributions to entrepreneurship growth, particularly in India’s semi-urban and rural areas. As per data, India has around 6.3 crore MSME industries.

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