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

S.No. Announcement Details Updated Status as on 29.05.2020
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.
  • 2,18,500 numbers of loans, involving Rs. 66,669 crores have been sanctioned.
  • 2,00,250 numbers of loans, involving Rs. 53,921 crores have been disbursed.
2.1 (i) 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 has been released towards the corpus of SIDBI. Out of the total corpus of Rs. 975 crore, so far a sum of Rs. 825 crore (including SIDBI administrative fee) has been released to SIDBI for claim settlements.
  • SIDBI has received and settled the claims of 671.19 crores from 52 Banks/NBFCs.
2.2 (ii)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. 02.01.2019 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.
  • A sum of Rs.2890.3 crores has been allocated under BE 2019-20 for Interest Equalisation Scheme.
  • The entire amount of Rs. 2890.3 crores has been released to RBI.
3.1 (i) 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 4523 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), out of these 4523 Companies identified by M/o Corporate Affairs for taking action, so far 1110 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.
  • 168 CPSEs already on boarded on TReDS.
  • 3203 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.
  • During 2019-20 so far, CPSUs have procured goods and services worth Rs 36,910.60 crore from 148,870 MSEs that worth out to be 29.61% of the total procurement.
  • During 2020-21 so far, CPSUs have procured goods and services worth Rs 619.04 crore from 1068 MSEs that worth out to be 48.18% of the total procurement.
5 CPSUs to make mandatory procurement of 3% from Women Entrepreneurs out of 25% mandatory procurement.
  • During 2019-20 so far, CPSUs have procured goods and services worth Rs360.34 crore from 3333 women MSEs that worth out to be 0.29% of the total procurement.
  • During 2020-21 so far, CPSUs have procured goods and services worth Rs 5.84 crore from 34 women MSEs that worth out to be 0.45% of the total procurement.
6 CPSUs to compulsorily be part of Public Procurement Portal GeM- Government e-Marketplace. CPSUs to get their vendors registered on GeM portal
  • 276 CPSUs/CPSBs has been on boarded /registered on GeM portal post 02.11.2018.
  • Total 94,737 MSE Sellers & Service providers registered on GeM portal.
  • 55.25% of orders value on GeM portal is from MSEs.
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.
  • Model DPRs developed for Technology Centres (TCs) and Extension Centres (ECs).
  • 35 Locations for ECs approved.
  • Out of these 35 locations of ECs , DPR of 22 ECs approved
  • Rs 128 Cr GiA released for these 22 ECs during the year 2019-20.
  • 7 ECs have become operational.
  • These 7 ECs trained 5222 trainees and assisted 303 MSMEs during the Qtr ending March 2020.
  • Clear cut approval from MoF awaited for establishing Technology Centres.
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.
  • In-principle approval was granted for the proposal from Indusmati Pharma Pvt. Ltd., 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 (IPRF). A reminder dated 14.06.2019 was also sent. IPRF has provided a copy of the agreement amongst all the members of SPV vide their email dated 29.07.2019. The SPV vide letter dated 31.10.2019 was requested to submit revised DPR with revised name of the SPV and provide clarification regarding availability of land and fulfillment of all conditions of Eligibility Criteria for SPV as per guidelines of the Scheme. The proposal was discussed in the meeting held on 06.11.2019 under the Chairmanship of secretary (Pharma). In the meeting, the applicant has submitted the revised DPR and informed that they are in the process of transferring the land in the name of the declaring that the SPV members are legally independent entities without any related-party relationship eith each other as per the guidelines of the Scheme. The applicant has submitted the affidavit related to compliance of Eligibility Criteria for SPV as per ‘Related Party Relationship’ with each other as described under Accounting Standard (AS) 18 of the companies (Accounting Standard) Rules 2006. The applicant has also submitted the Land Transfer Certificate of Indusmati Pharma Pvt. to Inducare Pharmaceuticals and Research Foundation. The proposal is being considered in the Department.
  • Proposal form 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 18.02.2019 was examined and it was found that the project of Pharma Testing Lab is an existing project of Government of Himachal Pradesh, which was initiated with the help of D/o Commerce under the ASIDE Scheme. The association had not mentioned the reasons for non-viability of the project. Also details regarding investment already made were not mentioned. A letter dated 22.04.2019 was sent to Additional Chief Secretary (Industries), Himachal Government for seeking status of the “Pharma Testing Lab” funded under the ASIDE Scheme and reason for this project being incomplete. A reminder was sent on 14.06.2019. The reply is still awaited. Another reminder has also been issued on 13.09.2019. The matter was also discussed in a meeting with Director, Industries, Government of Himachal Pradesh under the Chairmanship of Joint Secretary (Policy), DoP on 04.00.2019 and he agreed to submit a revised proposal at the earliest.
  • On examining the proposal from Aurangabad it was found the 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 was sent on 14.06.2019. Response is still awaited. Subsequent reminders have been issued on 13.09.2019 and 25.11.2019.
  • 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 C FC, 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 the4 pre requisites for In-principle approval. Accordingly, Government of Madhya Pradesh had been informed about these conditions vide DoP’s letter dated 21.06.2019. They were requested to resubmit the proposal along with the meeting held on 06.11.2019 under the Chairmanship of Secretary (Pharma) and the applicant has agreed to submit a revised proposal.
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 Poral under 8 Labour Laws and 10 Central Rules.
  • For the year 2019, 31,927 Unified Annual Returns have been received.
10 Computerized random allotment for visits to firms by Inspectors to simplify Government procedures.
  • All the Regional Heads are being instructed from time to time to make the inspections transparent and accountable by following the risk based computerised random allotment system through Shram Suvidha Portal. After issuing of instructions, 24,833* establishments (including for MSME establishments) have been inspected through computerized random allotment system and all inspection reports have been uploaded on Shram Suvidha Portal, out of which 23,827* have been uploaded within 48 hrs. All regional heads and field officers are being regularly sensitized through video conferences/other channels of communication to upload inspection reports within 48 hours.
    *figures are for the period from 01 Apr 2019 to 31 March 2020
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 operati ons 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 promulgated on 02.11.2018 by the Ministry of Corporate Affairs has now become COMPANIES (AMENDMENT) ACT, 2019. this enabled entrepreneurs to correct the minor violations under the Companies Act through simple procedures (imposition of penalty) rather than to approach Courts (imposition of fine/ imprisonment). letter has been written to RDs/ ROCs (field offices) for providing information related to action taken on the basis of given ordinance/Amendment Act w.r. to MSMEs . As per information provided by field offices so far action has been taken against various companies, However there is no data available (because MCA does not capture such data) regarding bifurcation of these companies into MSME/non MSME .