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

S.No. Announcement Details Updated Status as on 30.11.2021
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.
  • 2,36,305 numbers of loans, involving Rs. 79,149 crores have been sanctioned.
  • 2,20,106 numbers of loans, involving Rs. 64,544 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 Rs. 975 crores from 62 Banks/NBFCs.
  • Further, it is inform that this scheme is no longer in operation as advised by O/o DCMSME, M/o MSME wide circular dated 12.08.2021.
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. 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.
  • A sum of Rs.1667 crores was allocated under FY 2020-21 for Interest Equalisation Scheme and the same was released to RBI. A sum of Rs. 1900 crore was allocated under FY 2021-22 and the same has been released to RBI.
  • The scheme has been extended upto 30.09.2021 with the same scope and coverage.
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 4714 companies having turnover of more than Rs.500 Crore was identified by the M/oCorporateAffairs (in April 2021). 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 4714 Companies identified by M/o Corporate Affairs for taking action, so far 1630 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.
  • 195 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 2021-22 so far, CPSUs have procured goods and services worth Rs 20,842.91 crore from 101,587 MSEs that worth out to be 31.39% of the total procurement.
5 CPSUs to make mandatory procurement of 3% from Women Entrepreneurs out of 25% mandatory procurement.
  • During 2021-22 so far, CPSUs have procured goods and services worth Rs 493.32 crore from 3381 women MSEs that worth out to be 0.74% 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.
  • Instructions have been issued by DoE, Ministry of Finance, on August 24, 2020, making it mandatory for sellers providing goods and services to Central Government Organizations to be registered on GeM and obtain a unique GeM Seller ID which shall be invariably incorporated in every Supply Order / Contract / Agreement / Purchase order by all Central Government Organizations (excepting Railways and for order size less than INR 25 lakhs) with effect from 01.11.2020.
  • Total 734,864 MSE Sellers & Service providers registered on GeM portal.
  • 56.35% 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
  • During FY 2019-20, Rs 128 Crore Grant-in-Aid for creation of capital assets was released to Technology Centers (Hubs) for these 22 ECs (Spokes). Further Rs. 48.4697 Crore Grant-in-Aid for creation of capital assets has been released for 10 of these ECs as 2nd installment of the Project cost during the financial year 2020-21. Expenditure of Rs. 61.50 Lakh incurred during financial year 2021-22.15 ECs have become operational.
  • 17 Extension Centres have started training / assisting MSMEs.
  • In the month of September 2021, 17 of these Extension Centres have trained 1255 trainees and assisted 57 MSMEs.
  • One Extension Centre at Berhampur, Odisha inaugurated on 19.12.2020.
  • One Extension Centre at Berhampur, Odisha inaugurated on 19.12.2020.
  • Three Extension Centre at Jaipur and Nagaur (Rajasthan) and Srinagar (Jammu and Kashmir) inaugurated on 10.03.2021.
  • Three more Extension Centre at Thiruvalla and Ettumanoor in Kerala and Madurai in Tamil Nadu are ready for inauguration.
  • • DPR for another 7 ECs prepared. Approval in process.
  • • Physical Progress : 23
  • • Financial Progress : 9 %
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., Pune was accorded its final approval on 26.03.2021.Details of the Project is as follows:-
    • Project Cost:- 31,43,75,175/-
    • Financial Assistance to be given:- Rs. 20.00 cr.
    • Amount released:- Rs. 5,48,97,816 (Part payment of the 1st installment of 30% of financial assistance to be given)
  • Proposal form Solan (Baddi), Aurangabad and M.P. was received and are under consideration and information has been sought.
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 2020, 46,829 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, 27,153* 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 18,263* have been uploaded within 48 hrs.
    *figures are for the period from 01 Apr 2020 to 31 March 2021
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.