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Unemployment Rate on a Declining Trend In India

As per the latest available Annual PLFS Reports, the estimated Unemployment Rate (UR) on usual status for persons of age 15 years and above was 4.2%, 4.1% and 3.2% during 2020-21, 2021-22 and 2022-23, respectively. The data indicates that the unemployment rate in the country has a declining trend over …

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Welfare Of Workers In Unorganized Sector

The Government is implementing the Unorganised Workers Social Security Act (UWSS), 2008, to provide social security to unorganized workers by formulating suitable welfare schemes on the matters relating to: (i) life and disability cover; (ii) health and maternity benefits; (iii) old age protection; and (iv) any other benefit as may …

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Government initiatives to increase Hydrocarbon Production

The government has been taking various steps to increase hydrocarbon production whichinter- alia include: Policy for Relaxations, Extensions and Clarifications under Production Sharing Contract (PSC) regime for early monetization of hydrocarbon discoveries, 2014. ii. Discovered Small Field Policy, 2015. Hydrocarbon Exploration and Licensing Policy (HELP), 2016. Policy for Extension of Production …

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CLIMATE CHANGE AWARENESS AND FINANCING FOR MSMEs

Ministry of Micro, Small and Medium Enterprises has launched two sub-schemes under RAMP Programme namely (i) MSE Green Investment and Financing for Transformation Scheme (MSE GIFT Scheme) and (ii) MSE Scheme for Promotion and Investment in Circular Economy (MSE SPICE Scheme) on 20th December, 2023. The MSE Green Investment and Financing for …

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PRIME MINISTER’S EMPLOYMENT GENERATION PROGRAMME (PMEGP)

Ministry of MSME, through Khadi and Village Industries Commission, is implementing Prime Minister’s Employment Generation Programme (PMEGP) for assisting entrepreneurs in setting up of new micro units in the non-farm sector. It aims to provide employment opportunities to traditional artisans/ rural and urban unemployed youth at their doorstep.The target and achievements under the …

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DIGITAL TRANSFORMATION OF MSMEs

Ministry of MSME has undertaken several initiatives to access modern technology and digital transformation of Micro, Small and Medium Enterprises (MSMEs). These inter-alia, include Udyam Registration,MSME Champions Portal, Government e-Marketplace (GeM), Trade Receivables Discounting System (TReDS), msmemart.com,MSME SAMBANDH for monitoring of procurement by Central Public Sector Enterprises (CPSEs) from Micro and …

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INTERNSHIPS FOR STUDENTS OF VARIOUS TECHNICAL DISCIPLINES WITHIN MSMEs

The Ministry of Micro, Small and Medium Enterprises has a network of Technology Centres(TCs) in various sectors like General Engineering, Electronic System Design and Manufacturing, Automobile, Leather and Footwear, Sports Goods etc. across the country. Some of the TCs have collaboration with academic institutions like Indian Institute of Technology (IITs), …

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