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Adequate Budgetary allocation for MSMEs

Adequate Budgetary allocation for MSMEs
Adequate Budgetary allocation for MSMEs

During 2012-13, 2013-14 and 2014-15, the budgetary allocations to the Ministry of Micro, Small and Medium Enterprises (MSMEs) for implementation of various schemes/ programmes for promotion and development of MSMEs were Rs.2,835.00 crore, Rs.2,977.00 crore, and Rs.3,327.00 crore, respectively. Allocations can be termed as adequate after taking into account the requirement of funds for promotion and development of MSME schemes, the availability of resources and the trend of the expenditure in the recent past.

This information was given by the Minister of State, Micro, Small and Medium Enterprises, Shri Giriraj Singh in a written reply to a question in Lok Sabha here today.

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