Details of Progress on 12 Key Announcements by Hon'ble PM


S.No. Announcement Details Updated Status as on 30.08.2019
1 Launch of 59-minute loan portal to enable easy access to credit for MSMEs. In-principle approval of loans up to Rs. 1 crore through the portal. Portal link through GST portal. 143243 numbers of loans, involving Rs. 44909 crores have been sanctioned.
2.1 2% interest subvention for all GST registered MSMEs, on incremental credit.
  • SIDBI has been nominated as the nodal agency. Operational guidelines issued.
  • SIDBI has written to all the Scheduled Commercial Banks and NBFCs to operationalize the order.
  • RBI has issued the necessary circular in this regard on 21.02.2019.
  • A budget to the tune of Rs. 275.00 crore has been released towards the corpus of SIDBI.
  • SIDBI has received and settled the claims of 3.91 crores from 18 Banks for the period (11/11/2018 - 31/03/2019).
2.2 Increase in interest rebate from 3% to 5% for exporters who receive loans in the pre-shipment and post-shipment period.
  • RBI has issued operational guidelines on 29.11.2018 regarding increase in interest equalization from 3% to 5% in respect of exports by the MSME sector manufacturers under the Interest Equalization Scheme (IES) on pre and post shipment rupee export credit.
  • Subsequently w.e.f. 2.01.2019 Merchant exporters have also been included in the scheme with 3% interest equalisation rate for the 416 tariff lines identified under the scheme.
  • DGFT has issued Trade Notice No. 45 dated 1.02.2019 giving detailed position in this regard.
3.1 Companies with turnover of more than Rs. 500 crore to be brought on the Trade Receivables e-Discounting System (TReDS) to enable entrepreneurs to access credit based on upcoming receivables.
  • Gazette notification issued.
  • A list of 2009 companies having turnover of more than Rs. 500 Crore was identified by the M/o Corporate Affairs. After filtering out companies which are registered on TReDS and which are Central Govt. Companies (for Central Public Sector Enterprises, D/o Public Enterprises, Govt. of India shall be competent authority for monitoring compliance as per Notification No.SO.5621(E) dated 02.11.2018 issued by M/o MSME), there were 1881 non compliant Companies (Whose turnover is more than Rs. 500 Crore and which are neither registered on TReDS nor a Central Public Sector Enterprise). Out of these 1881 non compliant Companies identified by M/o Corporate Affairs for taking action, so far 217 companies have registered themselves on the TReDS portal.
  • Letters issued to all RDs/ROCs to call meeting of companies with turnover of Rs. 500 cr. and above and ensure that all such companies are on boarded on TReDS platform.
3.2 All CPSUs to be onboarded on TReDS Platform.
  • DPE has communicated to all CPSEs regarding on boarding of CPSEs on TReDS platform.
  • 77 CPSEs already on boarded.
  • 1311 MSMEs of CPSEs registered.
4 Central Public Sector Undertaking (CPSUs) units to make mandatory procurement of 25% instead of 20% from MSEs.
  • Gazette Notification issued.
  • All CPSEs/Departments/Ministries informed about this.
  • For the financial year 2019-20 , Rs. 12,229 crore procured from 52127 MSEs. The procurement from MSEs amounts to 27.48% of the total procurement of CPSEs.
5 CPSUs to make mandatory procurement of 3% from Women Entrepreneurs out of 25% mandatory procurement.
  • For the financial year 2019-20 - Total Procurement stands at Rs. 168 Crore from 1019 Women owned MSEs. The procurement from Women Entrepreneurs amount to 0.38% of the total procurement from MSEs.
6 CPSUs to compulsorily be part of Public Procurement Portal GeM- Government e-Marketplace. CPSUs to get their vendors registered on GeM portal
  • 240 CPSUs/CPSBs has been on boarded /registered on GeM portal post 02/11/2018.
  • Total 14720 MSME camps with 220 participants were attended by GeM representatives.
  • 260 Training sessions for Buyers conducted throughout the country and 9642 users trained covering 38 Ministries which includes CPSUs.
7 20 Hubs and 100 Spokes in the form of Tool Rooms for Technological Upgradation to be established across the country with a fund allotment of Rs. 6000 crore.
  • Meetings were held with NITI AAYOG and Ministry of Finance. NITI Aayog Concurred the view of the Ministry that Technology Centres may be set up as Autonomous Bodies of Government of India as per the existing model of 18 Technology Centres.
  • For the FY 2019-20, a BE of Rs 125.12 crore has been earmarked.
  • The standard list of machines finalized for Extension Centres. Proposals were also requested from Existing Technology Centres for setting up of the Extension Centres (ECs).
  • The Committee constituted for finalization of site selection criteria has submitted its report and the same has been approved by Hon’ble Union Minister, MSME.
  • Chief Secretaries of all the State Governments and Advisor to Administrators of UTs were requested to provide a list of potential locations for setting up of Extension Centres (ECs).
  • 20 locations of Extension Centres identified. Pre- Project activities for the same are under process.
8 Clusters for Pharma MSMEs to be formed and supported with 70% Govt. of India assistance
  • Four districts viz. Solan (Baddi), Indore, Aurangabad and Pune which have significant concentration of Pharma Industries were selected for assisting pharma clusters for developing common facilities.
  • Proposals received from 4 districts viz. Aurangabad, Indore, Pune and Solan (Baddi).
  • In-principle approval was granted for the proposal from Pune on 31.01.2019. The Detailed Project Report was received on 01.03.2019. Further vide letter dated 04.04.2019, the applicant was requested to provide relevant documents relating to agreement amongst all the members of SPV, Inducare Pharmaceuticals and Research Foundation. A reminder dated 14.06.2019 was also sent. Reply is still awaited.
  • Proposal from Solan (Baddi) was for providing financial assistance for an existing Pharma Testing Lab. They were requested to submit an exclusive proposal in line with the Department Scheme vide DoP letter dated 21.01.2019. The response received on 18.02.19 was examined and it was found that the project of Pharma Testing Lab is the project of Government of Himachal Pradesh, which was initiated with the help of D/o Commerce under ASIDE Scheme. The association had not mentioned the reasons for non-viability of the project. Also details regarding investment already made were also not received. The required details from the association are still awaited.
  • On examining the proposal from Aurangabad it was found that land, a pre-requisite for project approval, was not available with Marathwada Pharma Cluster, the SPV. Accordingly, it was requested to submit details of land allotted to the SPV along with details of estimated project cost for further processing of the proposal vide DoP letter dated 13.03.2019. A reminder dated 14.06.2019 was also sent. Response is still awaited.
  • A letter dated 15.05.2019 has been received from Department of MSME, Government of Madhya Pradesh informing that they have received a consent letter from a SPV for implementation of project of developing CFC, under the scheme “ Assistance to Pharmaceutical Industry for Common Facility”. The consent letter along with concept note of the project has also been provided. The concept note was examined and it was found that no SPV has yet been formed and also land is not available which are the pre requisite for In-principle approval. Accordingly, Government of Madhya Pradesh has been informed these conditions vide DoP’s letter dated 21.06.2019. They were requested to resubmit the proposal along with the details of SPV and availability of land. Further response is still awaited.
9 Only one annual return to be filed for 8 Labour laws and 10 Union regulations to simplify Government procedures.
  • All the Regional Heads were advised to vigorously reach out to the employers in their region to make them aware about the facility of filing of Online Unified Annual Return on Shram Suvidha Portal under 8 Labour Laws and 10 Central Rules.
10 Computerized random allotment for visits to firms by Inspectors to simplify Government procedures.
  • All the Regional Heads have also been instructed to make the inspections transparent and accountable by following the risk based computerized random allotment system through Shram Suvidha Portal. All regional heads and field officers have again been instructed on 27.11.2018 to upload inspection reports within 48 hours. After issuing of instructions, total 3080* inspections (including for MSME establishments) have been conducted which were assigned through computerized random allotment system and all inspection reports have been uploaded on Shram Suvidha Portal out of which 2475* have been uploaded within 48 hours.Latest datas updated on MSME Poral for the period from March 2019 to July 2019.
11 Environment Clearance and Consent to establish unit, under air pollution and water pollution laws, to be merged into a single consent. Return to be accepted on the basis of Self-Certification.
  • Central Pollution Control Board (CPCB) has issued the directions, already for the one step process of the EC and CTE to all the state governments under the provisions of Air and Water Act on 2nd November, 2018. However, the operations of the said directions were stayed by Hon'ble High Court of Delhi. As of now matter is sub-judice*.
12 Ordinance has been promulgated to enable entrepreneurs to correct the minor violations under the Companies Act through simple procedures rather than to approach Courts.
  • Ordinance has been promulgated on 02.11.2018 by the Ministry of Corporate Affairs.
  • Letter for seeking information from field offices has been written by MCA. So far, no information received from them.