Government Initiatives to Improve SMES through Skill Development

Abstract

The contribution of MSMs in manufacturing sector in terms of GDP, employment and exports of the country is remarkable. Besides lower scope in terms of labour, capital, technology compared with large scale manufacturing enterprises, its contribution towards industrialization in rural and backward areas cant be overlooked. There are more than 6000 products ranging from traditional to hi tech items, which are being manufactured by MSMs in the country. To make the sector a significant player in the global workplace, Government of India has taken number of initiatives during this period. Skills improvement and skill development has great significance in renovating enterprises and fostering core competence. The multiple training schemes and vocational education programmes for the advancement work force and MSMs are lined up by government.