Prime Minister’s Task Force on MSME Sector
RECOMMENDATION OF PRIME MINISTER’S TASK FORCE ON MSME SECTORSCHEME FOR CREATION OF TECHNOLOGY ACQUISITION/ DEV. FUND FORMSME SECTOR
We are enclosing herewith a circular received from ASSOCHAM, for your study and immediate action for your inputs/comments /suggestions to effectively represent the MSME case by ASSOCHAM in the implementation of the recommendation.
Excerpt:
To Strengthen the MSMEs and remove bottlenecks in their development, the Hon’ble Prime Minister announced setting up of a Task Force under the Chairmanship of the PrincipalSecretary to the Prime Minister.
The task force made several recommendations for MSMEsincluding one related to creation of a Technology Acquisition/ Development Fund tosupport MSMEs to undertake Technology Acquisition and Innovation to enable them tomove up the value chain and effectively meet the challenges of a competitive environment.
In the recommendation it is also stated that “The funds for this purpose, estimated at Rs.1500 crore may be made available through budgetary sources. Out of this, a substantial part of the fund should go towards promotion of Clean Technology among MSMEs so as tomeet our national commitment to reduce emission intensity by about 20% between 2005 and 2020.
The Fund may be used for the following purposes:
• Assisting the MSMEs who are willing to enter into collaboration with companies/institutions having latest technology for transfer of design, technology, trainingetc;
• To strengthen the existing capacity of MSMEs;
• To set up new product‐specific technology development centers in different partsof country in collaboration with industry organizations for developing prototypes,etc.; and
• To fund institutions/ innovators to solve technology related problems of micro,small andmedium enterprises in rural areas.
