Kerala has lowest closure rate of MSMEs, says Industries Minister P. Rajeeve
2 weeks, 6 days ago

Kerala has lowest closure rate of MSMEs, says Industries Minister P. Rajeeve

The Hindu  

Kerala currently has the lowest rate of closure of Micro, Small and Medium Enterprises of 12%, which is lower than national and global averages, Industries Minister P. Rajeeve has said. Refuting media reports regarding the high closure rate of MSMEs, he said on Monday that the rate of closure of MSMEs in the State has fallen considerably ever since the launch of the State government’s Year of Entrepreneurship programme. The MSME closure rate had come down to 15% in the first year after the implementation of the programme and further to 9% in the second year, taking the average rate of closure since the launch of the scheme to 12%. Right from the beginning of the Entrepreneurship Year programme, the government had made it clear that its focus is on reducing the closure rate, he said Mr. Rajeeve said that Union Minister for Commerce and Industry Piyush Goyal had said in his reply to a question in the Lok Sabha that only 1,753 MSMEs were closed in Kerala from 2021 to 2024.

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History of this topic

Union Budget | Kerala MSMEs see Budget announcements as a mixed bag
1 month, 3 weeks ago

Union Budget | Kerala MSMEs see Budget announcements as a mixed bag

The Hindu  

The announcements in the Union Budget regarding Micro, Small and Medium Enterprises ties in with the Kerala government’s ongoing push to promote MSMEs, but demands raised by MSME associations including Goods and Services Tax - related issues remain unaddressed in the Budget. According to A. Nizarudeen, State President of the Kerala State Small Industries Association, the revised turnover criteria for …

Kerala govt invested over Rs 21.8k crore in firms opened under Year of Enterprises programme: Minister Rajeeve
2 months, 2 weeks ago

Kerala govt invested over Rs 21.8k crore in firms opened under Year of Enterprises programme: Minister Rajeeve

New Indian Express  

KOCHI: The state government has invested Rs 21,838 crore in establishments opened under the Year of Enterprises programme, Industries Minister P Rajeeve said at the Mission 1,000 conference held by the department on Tuesday. Mission 1,000 seeks to launch 1,000 MSMEs in the state with each of them generating an average annual turnover of over Rs 100 crore in the …

MSMEs not static, but growing in size, asserts Finance Ministry
1 year, 11 months ago

MSMEs not static, but growing in size, asserts Finance Ministry

The Hindu  

The Finance Ministry has sought to dismiss the “narrative” that India’s micro, small and medium enterprises are stagnating, citing data that it asserts shows smaller firms evolving into larger units in recent years. In its recent monthly economic review for February, the ministry had said the number of micro units graduating to small units had increased to 65,140 in 2022-23, …

MSMEs closing down a warning sign to the government
2 years ago

MSMEs closing down a warning sign to the government

The Hindu  

The industry fraternity has always had concerns that remain unaddressed, but the present situation, as far as micro and small-scale industries are concerned, is such that one wonders if this general trend has hit a critical mass. There are many reasons for this, like soaring raw material shortage, rising labour costs, scarcity of skilled labour, harassment by officials, delayed payments …

Govt taking steps to make Indian MSMEs stronger, globally competitive: Minister
2 years, 3 months ago

Govt taking steps to make Indian MSMEs stronger, globally competitive: Minister

India TV News  

Delhi: Micro, small and medium enterprises are among the most important pillars of India's economy and the government is working to make the sector stronger and more developed, Minister of State for MSME Bhanu Pratap Singh Verma said on Monday. "We will also work to ensure that interrelationship between the MSME sector and other important pillars of the Indian economy …

42,699 MSMEs registered in first four months of current fiscal
2 years, 8 months ago

42,699 MSMEs registered in first four months of current fiscal

The Hindu  

As many as 42,699 micro, small and medium enterprises registered in the State in the first four months of the current fiscal, Minister for Industries P. Rajeeve said. This has helped create 92,855 employment opportunities, Mr. Rajeeve said launching a State-level loan scheme for entrepreneurs formulated by the State Level Bankers' Committee in association with the State government. The State …

3.16 cr MSMEs registered in India between July 2020 and Dec 4, 2023: Govt to Rajya Sabha
4 years, 5 months ago

3.16 cr MSMEs registered in India between July 2020 and Dec 4, 2023: Govt to Rajya Sabha

ANI News  

New Delhi, December 11 : A total of 3,16,05,581 Micro Small and Medium Enterprises were registered in India between July 1, 2020, and December 4, 2023, the Central government told the Rajya Sabha on Monday. In response to the query of Independent MP Kartikeya Sharma, the Minister further said the total number of women-owned MSMEs registered from July 1, 2020, …

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