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


S.No. Announcement Details Updated Status as on 31.03.2021
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.
  • 2,29,883 numbers of loans, involving Rs. 75,944 crores have been sanctioned.
  • 2,14,534 numbers of loans, involving Rs. 62,105 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. 975 crore (including SIDBI administrative fee) has been released to SIDBI for claim settlements.
  • SIDBI has received and settled the claims of 975 crores from 62 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.
  • A sum of Rs.1667 crores was allocated under FY 2020-21 for Interest Equalisation Scheme and the same was released to RBI.
  • The scheme has been extended upto 31.3.2021 with the same scope and coverage. DGFT has issued Trade notice no. 11 dt. 14.05.2020 giving detailed position in this regard.
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 4599 companies having turnover of more than Rs.500 Crore was identified by the M/oCorporateAffairs. 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 4599 Companies identified by M/o Corporate Affairs for taking action, so far 1550 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.
  • 170 CPSEs already on boarded on TReDS.
  • 3903 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 2020-21 so far, CPSUs have procured goods and services worth Rs 32286.77 crore from 138581 MSEs that worth out to be 30.90% of the total procurement.
5 CPSUs to make mandatory procurement of 3% from Women Entrepreneurs out of 25% mandatory procurement.
  • During 2020-21 so far, CPSUs have procured goods and services worth Rs 583.46 crore from 3780 women MSEs that worth out to be 0.56% 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
  • 277 CPSUs/CPSBs has been on boarded /registered on GeM portal post 02.11.2018.
  • Total 684,556 MSE Sellers & Service providers registered on GeM portal.
  • 57.67% 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 and Rs. 48.43 crore GIA released to TCs for 10 of these ECs during FY 2020-21.
  • 14 ECs have become operational.
  • In the month of February, 2021, 13 ECs have trained 1515 trainees.
  • DPRs for another six ECs prepared. Approval in process.
8 Clusters for Pharma MSMEs to be formed and supported with 70% Govt. of India assistance
  • The proposals were received from all the 4 districts viz. Aurangabad, Pune, Solan (Baddi) and Indore. The status of each proposal is given below.
  • The proposal received from Indumati Pharma Pvt. Ltd., Punewas examined and in-principle approval was granted to the proposal on 31.01.2019. The Detailed Project Report was received on 01.03.2019 From MD, IPRF. The request of IPRF is under examination.
  • Proposal form Solan (Baddi), Aurangabad and M.P. was received and are under consideration and information has been sought. Latest reminder has been issued on 9.9.2020.
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 ShramSuvidhaPoral 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 ShramSuvidha 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 ShramSuvidha 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) hasissued 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 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 ). All the cases in which hearing done by ROCs to impose penalty are uploaded on the Website of Ministry of Corporate Affairs.