The Union minister of MSME Narayan Rane has announced the formation of the MSME Technology Centre at Sindhudurg, Maharashtra. This can be established at a value worth Rs 200 crore.

The Konbac Sfurti Cluster in Kudal was also launched. this may support 500 honey bee boxes, 300 artisans. 100 electric pottery wheels and 100 incense stick production machines were also distributed to supply opportunities for self-employment.

 

Rupay Card was also launched which offers perks like digital payments at any time, a rate that’s similar to that applicable to loans, and an interest-free period.

Importance Of MSME-Technology Centre

Through the MSME-Technology Centre the most effective technology, incubation, and advisory support are provided to the industry, especially MSMEs.

This may be finished the target of enhancing their competitiveness and providing skilling services for both the unemployed likewise as employed youth of the realm so on increase their chances of employability.

Since 2016, around 2000+ new manufacturing units are founded in Konkan, to spice up employment in Maharashtra.

MSME Industry in India

The contribution of MSME in India is significant to the country’s socio-economic development. the world has grown in importance in India as a result of its contribution to the country’s exports and GDP.

This sector has also made significant contributions to entrepreneurship growth, particularly in India’s semi-urban and rural areas. As far as records are concerned India has around 6.3 crores of MSME industries.