- KOHIMA — The
Ministry of Micro, Small and Medium Enterprise (MSME) has assisted 517 units in
Nagaland and fund amounting to INR 29.18 crore as margin money (MM) was
disbursed during 2023-24 through the Prime Minister’s Employment Generation
Programme (PMEGP).
- In an update, the ministry informed that the central
government supplements the efforts of the states through various schemes and
programmes for development of MSMEs in the country.
- Under the Credit Guarantee Scheme for Micro and Small
Enterprises, Nagaland has a total of 1,563 credit guarantees and an amount of
INR 160 crore was approved during 2023-24, it stated.
Also read: Kevekha Zehol appointed chairman of Nagaland Staff Selection Board
- The MSME Ministry and Small Industries Development Bank of
India (SIDBI) jointly instituted Credit Guarantee Trust Fund for Micro and
Small Enterprises (CGTMSE) in the year 2000, to provide credit guarantee for
the loans extended by member lending institutions to MSEs without collateral
security and third-party guarantee.
- Some of the schemes include PMEGP, Credit Guarantee Scheme
for Micro and Small Enterprises, PM Vishwakarma Scheme, Entrepreneurship and
Skill Development Programme Scheme, Micro and Small Enterprises—Cluster
Development Programme, Raising and Accelerating MSME Performance, MSME
Champions Scheme and many others.
- The schemes implemented by the Ministry of MSME are central
sector and demand-driven schemes and funds are not allocated state-wise.
- A total of 6,13,37,576 MSMEs are registered on Udyam portal
including informal micro enterprises with an employment of 26,09,22,301 persons
till March 15, 2025, the ministry stated.
- It also stated that PMEGP is a credit-linked subsidy
programme aimed at generating self-employment opportunities, through
establishment of microenterprises in the non-farm sector, by helping
traditional artisans and rural or urban unemployed youth.
- Additionally, the margin money subsidy ranging from 15% to
35% of project cost, for projects up to INR 50 lakh in manufacturing sector and
INR 20 lakhs in the service sector, is provided.
- Under the scheme, margin money subsidy for general category
beneficiaries is 25% in rural areas and 15% in urban areas. For beneficiaries
belonging to special categories, including women, margin money subsidy is 35%
in rural areas and 25% in urban areas.
