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The Working Group on MSMEs Growth for 12^th Five Year Plan has come up with new thrust areas to spur growth in the MSME sector. Recommending six umbrella schemes – (i) Credit and Finance, (ii) Technology and Innovation, (iii) Infrastructure, (iv) Marketing, (v) Skill and Entrepreneurship Development, and (vi) Institutional Structure, the working Group believes these will be the “Game Changers”, implementation of which will give a boost to the MSME sector in the global market.

According to the schemes/proposals mentioned under each would be treated as components of the Umbrella Scheme. The advantages of such an approach are manifold. There would be flexibility of utilization of funds under each Umbrella Scheme. Funds can be transferred to components which are doing well from those experiencing tardy implementation.

The implementation of different components would be cost-effective and time saving since the inter-linkages between different components can be addressed simultaneously. For example, the land procurement and construction of building relating to setting up of CFCs, Testing Labs, Flatted Factory Complexes, Modular Industrial Estates, Tool Rooms/TDCs etc. can be addressed simultaneously under the Umbrella Scheme on Infrastructure whenever the land and building under different components are planned in the same place. The greatest advantage of implementation of Umbrella Scheme is the visibility of impact of implementation of such Schemes

The working group has also come up with the following recommendation:
Finance
• Operationalization of SME exchanges for enabling access to Equity Finance.

Technology

• Scheme for acquisition and up-gradation of technology.

Infrastructure

• Developing clusters of excellence.

• Setting up of 100 Tool Rooms and PPDCs.

Marketing

• Procurement policy for Goods/services from MSEs by the Government Deptts. and Central PSUs.

• B2B International portal.

• Enabling global footprints of MSMEs.

• Leveraging Defence Offset Policies in favour of MSMEs.

Skill Development

• Revamped Skill Development & Capacity Building Programme.

• Encouraging young/ first generation entrepreneurs by upscaling  PMEGP and other programmes.

Institutional Structure

• Strengthening of Institutions – MSME-DIs, EDIs and KVI Institutions.

• Application of E-tools in promotional and regulatory matters for facilitating easy entry.

• Real time Statistical and Policy Analysis through strengthening of Database.

The Working Group recommended focused efforts for time-bound implementation of the Game Changers.

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MSME