ABOUT US
MSME PROMOTION COUNCIL
MSME Promotion Council is a non profit organization working for the empowerment of Micro, Small and Medium Enterprises (MSME) sector which has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSME Promotion council recognizes that MSME sector contributes significantly in the economic and social development of the country by fostering entrepreneurship and generating largest employment opportunities at comparatively lower capital cost, next only to agriculture.
Visit SiteLATEST UPDATES
- PM Vishwakarma 17 Sep, 2023
- Deendayal Andolan Yojna
- Startup India
- CII Partnership Summit - One World One Future 15 Mar, 2023
- MSME competitive scheme part of efforts to strengthen sector: PM Modi 13 March, 2023
Public Notice - Warning
Issued in public interest
MSME Promotion Council (www.msmepc.in) is a Non-Profit, Non-Government Organization working for the empowerment of MSME sector, Start-ups and self-help groups in providing Training, Awareness and Consultancy Services on FREE OF COST BASIS and not charging any fees from people who will come to council for help or otherwise.
Some notorious people / groups are adopting similar website names as well as content in social media platforms and are trying to cheat innocent people by promising opportunities, finance etc., from MSME Department and/or Banks and collecting money from unsuspecting people by promising finance as well as alluring to appoint them on to various Government Posts. MSME Promotion Council (www.msmepc.in) does not in any ways endorse the same and nor is responsible for any such financial loss to the public, if any.
Issued in Public Interest by:
Legal Team
MSMEPromotion Council
www.msmepc.in
Government Initiated Technology hubs with the access of business opportunities and jobs in the technology sector, which in turn can drive economic growth
WHAT IS MSME
MICRO
Investment in Plant and Machinery or Equipment: Not more than Rs.1 crore and Annual Turnover ; not more than Rs. 5 crore
SMALL
Investment in Plant and Machinery or Equipment: Not more than Rs.10 crore and Annual Turnover ; not more than Rs. 50 crore
MEDIUM
Investment in Plant and Machinery or Equipment: Not more than Rs.50 crore and Annual Turnover ; not more than Rs. 250 crore
View More
Building Atma Nirbar Bharat for a $5 Trillion Economy
MSME Promotion Council shares the idea of honorable Prime Minister Sh Narendra Modiji that, startups play a significant role in building a nation by driving economic growth and creating jobs. They bring innovation and new technologies to various industries, which can improve productivity and competitiveness. Additionally, startups help to diversify the economy and reduce dependence on traditional industries. They provide opportunities for entrepreneurs to bring new ideas to market and be a source of inspiration for others to start their own businesses. Furthermore, they serve as a catalyst for urban development, as they tend to locate in areas with access to talent, resources, and markets.
As of 2021, there were over 12 million companies registered in India. It is important to note that this number is constantly changing as new companies are registered and others are dissolved.The Indian start-up ecosystem is advancing rapidly, with the start-up economy no longer just a trend, but a force to be reckoned with. India currently holds the position of the third-largest start-up ecosystem globally, following closely behind the United States and China. To date, over 57,000 start-ups have been registered, with a combined valuation approaching USD 450 billion. Additionally, start-ups have raised a total of over USD 131 billion between 2014 and the first half of 2022.
7 Strategies for Achieving a 5 Trillion Dollar Indian Economy by 2030: Focusing on Exports, Infrastructure, MSMEs, Innovation, Education, Reforms and Digitalization":
Increase in exports by promoting products and services in international markets, and by creating a more conducive environment for foreign trade and investment.
MSMEs are a key driver of economic growth, and providing support such as funding, training, and technology, can help these enterprises to scale and become more competitive.
Improving education and skill development can help to increase the productivity of the workforce and make Indian workers more competitive in the global market
Digitalization can increase efficiency, productivity, and competitiveness in the economy. The adoption and integration of digital technologies and processes in various sectors of the economy. This can include implementing digital solutions in areas such as finance, healthcare, education, manufacturing, and government services...
Implementing economic and labour reform can help to create a more business-friendly environment and attract more foreign investment.
Innovation and entrepreneurship are key drivers of economic growth. Encouraging the development of new products and services, and providing support for start-ups, can help to create new jobs and spur economic growth
Investing in infrastructure can help to boost economic growth by improving transportation, communication, and power supply, which in turn can increase productivity and attract more investment. Technology business incubators across the country serves as a platform for start-ups, entrepreneurs, and companies to collaborate, innovate and grow. The facility can equip with a range of services including mentorship, networking opportunities, funding, and access to technology and resources
