Overview

As per the Annual Report, 2018-19 of the Ministry of Micro, Small and Medium Enterprises, Government of India, there were 633.88 lakh micro, small and medium enterprises (MSMEs) in the country engaged in different economic activities. Total employment in the MSMEs sector is estimated to be 1,109 lakh, and their contribution to gross domestic product (GDP) is pegged at 28.9 percent. In the wake of COVID-19, it was a particularly challenging time for MSMEs, many of which were on the brink of closing down their operations. Sensing the gravity of the situation, Prime Minister Narendra Modi announced on May 12, 2020, the Aatmanirbhar Bharat Abhiyan (Self-reliant India Initiative) which combined relief, policy reforms and fiscal and monetary measures to help businesses and individuals cope up with the situation created by COVID-19 pandemic. A mega package of ` 20 lakh crore (10 percent of the GDP) was announced for the purpose. The details of the ` 20 lakh crore package were announced by Finance Minister Nirmala Sitharaman in five tranches during the next five consecutive days. All the measures were aimed at spurring investment and buffering the economy against the Covid pandemic shock. In a bid to make MSMEs sector of the economy survive, the Finance Minister in her first tranche of the stimulus, announced on May 13, 2020, laid out specific boosters that could offer some relief to this hard-hit sector. The nearly ` 6 lakh crore tranche, included ` 3 lakh crore collateral-free automatic loans for MSMEs. Furthermore, from July 1, 2020, a new classification of MSMEs with liberalized definitions is in place. This book provides a descriptive and analytical account of the functioning of MSMEs in India. It discusses at length their role in the Indian economy, policies and programmes of the Government to promote them, and the problems faced by them.

Full Product Details

Author:   Dr Astha Ahuja
Publisher:   New Century Publications
Imprint:   New Century Publications
Weight:   0.500kg
ISBN:  

9788177085136

ISBN 10:   8177085131
Pages:   280
Publication Date:   01 November 2020
Audience:   General/trade ,  General
Format:   Hardback
Publisher's Status:   Active
Availability:   In stock  
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Table of Contents

1. Micro, Small and Medium Enterprises (MSMEs): Post-Independence Policy Review; 2. Why Are MSMEs Strategically Important for Indian Economy?; 3. Impact of COVID-19 on Indian Economy; 4. New Classification, Definitions and Package for MSMEs; 5. MSMEs and Goods and Services Tax (GST); 6. Ministry of Micro, Small and Medium Enterprises (MSMEs); 7. National Small Industries Corporation (NSIC); 8. Other Organizations for the Promotion of MSMEs; 9. Problems of MSMEs; 10. Policies and Programmes to Help MSMEs; 11. MSMEs in Special Areas; 12. Credit Flow to MSMEs Sector; 13. Technology, Skill Development and Training; 14. Marketing and Trade; 15. Cluster-oriented Approach to MSMEs; 16. Micro Units Development and Refinance Agency (MUDRA) and Pradhan Mantri MUDRA Yojana (PMMY); 17. Khadi and Village Industries (KVI); 18. Coir Industry; 19. Handlooms, Powerlooms and Handicrafts; 20. Silk and Sericulture, Unorganised Wool Sector and Food Processing Industry; Bibliography; Index.

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Author Information

Dr. Astha Ahuja is presently Assistant Professor in the Department of Economics, Aryabhatta College, University of Delhi, Delhi. She did her M.A. (Economics) from Jamia Millia Islamia, Delhi and M. Phil. from Delhi School of Economics (DSE), University of Delhi. She received her Ph.D. degree from Jawaharlal Nehru University (JNU), New Delhi. She has authored two books, viz. Value Added Tax: Indian and Global Experiences and Agriculture and Rural Development in India: Post-liberalisation Initiatives. Dr. Astha worked as Research Associate in the Twelfth Finance Commission in 2003. She also worked as a consultant in Prime Ministers Economic Advisory Council in 2005. She has published a number of articles in leading newspapers and magazines including Mainstream.

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