Narayan Rane, the Union MSME Minister, has announced the formation of the MSME Technology Centre at Sindhudurg, Maharashtra. This can be established at a price worth Rs 200 crore.
Highlights
The Konbac Sfurti Cluster in Kudal was also launched. This can support 500 honey bee boxes 300 artisans.
One hundred electric wheels and 100 agarbatti production machines were also distributed to supply opportunities for self-EMPLOYMENT.
Rupay Card was also launched, which offers perks like digital payments at any time, a rate of interest that’s like that applicable to loans, and an interest-free period.
Importance
The MSME-Technology Center provides the most effective technology, incubation, and advisory support to the Industry, especially MSMEs.
This will be finished to enhance their competitiveness and provide skilling Services for both the area’s unemployed and employed youth to increase their employability chances.
Since 2016, Around 2000+ new manufacturing units have been found in Konkan to increase employment in Maharashtra.
MSME Industry
The MSME sector has contributed significantly to the country’s socio-Economic Development.
The sector has grown in importance in India due to its contribution to its exports and GDP.
This sector has also contributed to Entrepreneurship Growth, particularly in India’s semi-urban and rural areas.
As per data, India has around 6.3 crores of MSME industries.