Data show drastic slide in MSMEs, jobs in last 2 years
The employment generation through Micro, Small and Medium Enterprises (MSMEs) in the state had drastically reduced during the last two years. In addition, the number of MSME’s registering with the state and the investment through the small industries in Tamil Nadu had also decreased since 2016-17.
By : migrator
Update: 2019-07-12 02:32 GMT
Chennai
According to the statistics given by Minister for Industries MC Sampath in the Assembly, the employment generation through SMEs in 2016-17, was 18.79 lakh as against only 13.78 in 2017-18, thus five lakh jobs could not materialise.
However, showing small recovery, in 2018-19, over 15.33 lakh persons got employment through SMEs as against 13.78 lakh in 2017-18.
Similarly, on the registration part, the data further said that in 2017-18 a total of 2,17,981 MSMEs in the state have registered as against the 2016-17 figure of 2,67,310, a reduction of over 49,000 units.
Trend in the registration of MSMEs in Tamil Nadu further showed that in 2018-19, the number of registered MSMEs have slightly increased by 2,33,954 compared to 2017-18 figure of 2,17,981, however a decline of over 33,000 small organisations in comparisonto 2016-17 figures.
Likewise, in investment portion, in 2016-17, the MSMEs brought in money to the tune of Rs 36,221 crore. However, the figure reduced to Rs 25,373 crore in 2017-18. Making a small comeback in 2018-19, the MSMEs in the state stretched its investment to Rs 30,078 crore.
A senior official from the MSMEs Department told DT Next that in 2018 only the state government has brought Business Facilitation Act to ensure single point receipt of applications for securing clearances that are required to establish an enterprise. “Accordingly, the number of MSMEs registrations in 2018-19 has increased,” he added.
In addition, the government also introduced a single window committee in 2018 for MSMEs where entrepreneurs could get various licenses and approvals from various departments under the new system.
“This year the government expects an increase of about 10 per cent in MSMEs registration and also in employment generation through the small industries,” he added.
Allotment formedium enterprises
- Rs 73 lakh worth new equipment for Government Bricks Labourers Industrial Co-operative Society for increasing production
- Rs 50 lakh for developing infrastructure of Madurai Automobile Co-operative Industrial Estate
- Rs 7.88 lakh facelift for old workshop building belonging to Coimbatore District Armed Reserved Police Family Welfare Industrial Association
- Rs 18.80 crore to establish a small industrial estate at Madurai district SIDCO complex
- 1.26 lakh tailoring machines for Karur Cloth Raw Material Producing and Sales Industrial Association
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