MSMEs (Micro, Small, and Medium Enterprises) are the backbone of our economy. MSMEs today are widening their domain by producing a diverse range of products and offering services across different sectors of the economy, catering to myriad demands from both domestic and global markets.
Definition of Micro, Small and Medium enterprises:
In accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified as below:
(i) a micro enterprise, where the investment in plant and machinery or equipment does not exceed Rs.1.0 cr.(one crore) rupees and turnover does not exceed Rs. 5.0 cr. (five crore rupees);
(ii) a small enterprise, where the investment in plant and machinery or equipment does not exceed Rs. 10.0 cr. (ten crore rupees) and turnover does not exceed Rs. 50.0 cr. (fifty crore rupees); and
(iii) a medium enterprise, where the investment in plant and machinery or equipment does not exceed Rs. 50.0 cr. (fifty crore rupees) and turnover does not exceed Rs. 250.0 cr. (two hundred and fifty crore rupees).
The new classification has come into effect from 1st July, 2020.
MSMEs in Tripura: Profile of Industrial Sector in Tripura
- There are few large-scale industries in Tripura like Rubber Thread unit, Food processing units, Star category Hotels in Tripura. There are some medium-scale units like Bamboo Floor Tiles, Tea Processing Factories, Modern Rice mills, Flour Mill, rubber-based industries, etc. Besides these, there are a number of small and micro enterprises.
- Composition of the Industrial Activity:
a) Resource-based industrial units, like tea processing, fruit processing, milk processing, rubber-based modern rice mills, etc.
b) Service Sector units, like hotels, printing presses, nursing homes/ diagnostic centers, cold storage etc.
c) Units catering to Govt. requirement, like PVC pipes, PCC poles, steel TMT bars/ alum, etc.
d) Other units, like roller flour mills, bakeries/ biscuit manufacturing units, handlooms, steel fabrication, distillery, tobacco units, LPG bottling, PU foam, water tanks, etc.
Schemes of Ministry of MSME being implemented in Tripura :
• Prime Ministers Employment Generation Programme (PMEGP) :
The Prime Minister’s Employment Generation Programme (PMEGP) aims to provide financial assistance to set up self-employment ventures and generate sustainable and continuous employment opportunities, and has a provision of 5% of project cost as own contribution in case of North East Region (NER) beneficiaries. During last 5 years, about 4800 units have been sanctioned under PMEGP with total project cost of Rs. 300 cr. with estimated employment of about 35,000.
• MSME-Cluster Development Programme (CDP) :
Under MSME-CDP, the existing infrastructure of the Industrial Estates of TIDC Ltd. like AD Nagar Industrial Estate(IE), Badharghat IE, Kumarghat IE, Dharmanagar IE etc. is being upgraded.
Also, new Integrated Infrastructure Development Centres (IIDCs) are set up at Sarasima (Belonia) and Dewanpassa (Dharmanagar) under MSME-CDP.
• SFURTI (Scheme of Fund for Regeneration of Traditional Industries)
• Tool Room cum Training Centre (TRTC) :
The Tool Room – cum-Training Centre has been set up at R.K Nagar, Agartala with total project cost of Rs. 19.25 crores, out of which Rs. 10.00 cr. has been provided by the Ministry of MSME for procurement of equipment.
The Centre has been established and as decided by the State Government, the Centre has been handed over to the TRTC, Guwahati for operationalisation. TRTC, Guwahati has started necessary action for starting different skill based training.
• Raising & Accelerating MSME Performance (RAMP) :
The RAMP scheme aims at improving the MSMEs access in market and credit, improving Centre-state linkages and partnership, addressing issues related to delayed payments and greening MSMEs.
The Role of the State Government is to prepare road for enhancing performance through a Strategic Investment Plan (SIP)
• MSME Sustainable (ZED) Certification :
The Government of India envisioned the Zero Defect Zero Effect (ZED) initiative to enhance MSME competitiveness, make them sustainable and transform them as National and International Champions. MSME Sustainable (ZED) Certification is an extensive drive to create awareness amongst MSMEs about Zero Defect Zero Effect (ZED) practices and motivate & incentivise them for ZED Certification while also encouraging them to become MSME Champions.
In Tripura Incentive Scheme TIIPIS, 2022, additional subsidy is earmarked for ZED Certified units.
• PM Vishwakarma:
PM Vishwakarma, a Central Sector Scheme, was launched on 17th September, 2023 by the Prime Minister to provide end-to-end support to artisans and craftspeople who work with their hands and tools. The Scheme covers artisans and craftspeople engaged in 18 trades, viz. Carpenter (Suthar/Badhai), Boat Maker, Armourer, Blacksmith (Lohar), Hammer and Tool Kit Maker, Locksmith, Goldsmith (Sonar), Potter (Kumhaar), Sculptor (Moortikar, stone carver), Stone breaker, Cobbler (Charmkar)/ Shoesmith/Footwear artisan, Mason (Rajmistri), Basket/Mat/Broom Maker/Coir Weaver, Doll & Toy Maker (Traditional), Barber (Naai), Garland maker (Malakaar), Washerman (Dhobi), Tailor (Darzi) and Fishing Net Maker.
BENEFITS TO THE ARTISANS AND CRAFTS PERSONS
The Scheme envisages provisioning of the following benefits to the artisans and crafts persons:
• Recognition: Recognition of artisans and craftspeople through PM Vishwakarma certificate and ID card.
• Skill Upgradation: Basic Training of 5-7 days and Advanced Training of 15 days or more, with a stipend of Rs. 500 per day.
• Toolkit Incentive: A toolkit incentive of upto Rs. 15,000 in the form of e-vouchers at the beginning of Basic Skill Training.
• Credit Support: Collateral free 'Enterprise Development Loans' of upto Rs. 3 lakh in two tranches of Rs. 1 lakh and Rs. 2 lakh with tenures of 18 months and 30 months, respectively, at a concessional rate of interest fixed at 5%, with Government of India subvention to the extent of 8%. Beneficiaries who have completed Basic Training will be eligible to avail the first tranche of credit support of upto Rs. 1 lakh. The second loan tranche will be available to beneficiaries who have availed the 1st tranche and maintained a standard loan account and have adopted digital transactions in their business or have undergone Advanced Training.
• Incentive for Digital Transaction: An amount of Re. 1 per digital transaction, upto maximum 100 transactions monthly will be credited to the beneficiary's account for each digital pay-out or receipt.
• Marketing Support: Marketing support will be provided to the artisans and craftspeople in the form of quality certification, branding, onboarding on e-commerce platforms such as GeM, advertising, publicity and other marketing activities to improve linkage to value chain.
