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Kalraj Mishra launches Digital MSME Scheme, exchanges MoUs with SAP India, Intel and HMT

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Kalraj Mishra has launched the Digital MSME Scheme, exchanges MoUs with SAP India, Intel and HMT on 27th of June 2017.

Key Points:

The Ministry of Micro, Small and Medium Enterprises (MoMSME) is celebrating the first UN MSME Day in the Delhi.

  • It has been celebrated for recognizing the importance of crucial role that the sector plays both in terms of job creation and contribution towards economic growth.
  • MoMSME has organized a programme, underway currently, to felicitate the successful MSME entrepreneurs through National MSME Awards.
  • During the event, Mishra launched Digital MSME Scheme and exchanged Memorandum of Understandings (MoUs) with SAP India, Intel and HMT.
  • The programme was inaugurated by Union MSME Minister Kalraj Mishra along with MoS MSME Giriraj Singh and Haribhai Parthibhai Chaudhary.
  • The Government has decided to implement “Digital MSME” Scheme for promotion of Information & Communication Technology in MSME Sector.Kalraj Mishra launches Digital MSME Scheme, exchanges MoUs with SAP India, Intel and HMT
  • The scheme envisages promotion of ICT applications to make them “Digital” by adopting new approach of Cloud Computing.
  • It’s main objective is to sensitize and encourage MSMEs towards new approach.
  • The MSME has a total budget of Rs. 85.705 Crore including Government of India’s contribution of Rs. 58.105 crore during 2017- 18 to 2019-20.
  • MSME Secretary KK Jalan and DC MSME SN Tripathi were also present at the event.

International day for MSME

International Trade Centre (ITC) is celebrating the first International MSME Day on June 27, 2017.

  • The theme of MSME is ‘Small business – big impact’.”
  • ITC is the joint agency of the UN and the WTO supporting SMEs in developing countries and transition economies for sustainable and inclusive trade.
  • It will recognize the important role MSMEs and can play in achieving the United Nations 2030 Agenda for Sustainable Development and ensuring a more inclusive global society.
  • It is being celebrated globally to recognize the importance of the role that the sector plays in generating employment and in a country’s economy.
  • ITC said more than 90% of world’s businesses are micro, small and medium enterprises.
  • There are 500 million MSMEs in the world and they represent 90% of all goods exporters.
  • MSME sector also accounts for 60% of services exporters.
  • MSMEs account for 50% of global GDP and are responsible for 70% of total employment.