-The Times of India NEW DELHI: A survey of 105,347 micro, small and medium enterprises firms (MSME), has shown a growth of 13.9% in net jobs created over the last four years at 3.3% per annum. The survey conducted by the Confederation of Indian Industry (CII) said the overall job creation works out to 13.5 to 14.9 million per annum given that the total workforce size according to the Labour Bureau is...
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Only 3.32 lakh MSME jobs created in last four years, finds CII survey
-The Hindu Govt. data for 2012-2015 recorded 11.54 lakh new jobs The number of net jobs created in the Micro, Small and Medium Enterprises (MSME) sector in the last four years stood at just 3,32,394, which is 13.9% higher than the base four years ago, according to a CII survey of more than one lakh companies. The findings for the four-year period — beginning 2015-16 — pale in comparison with that from the...
More »Only 3% Mudra loans can generate monthly income of more than 10,000 -Prasanna Mohanty
-India Today The Narendra Modi government has claimed that its flagship Mudra loan scheme is generating employment. But, data shows a miniscule number of Mudra loans generate a return that satisfies even the minimum wage requirement. * The Modi-led govt has been showcasing the Mudra loan scheme to claim that millions of jobs are being created * There is no official data available on the number of jobs created due to the Mudra...
More »Pain points for the MSME sector -B Yerram Raju
-The Hindu Business Line The RBI has its task cut out as it sets about addressing the sector’s credit and viability concerns A debate on MSMEs has come alive due to the Centre’s insistence on a regulatory reprieve for the beleaguered sector post GST and post demonetisation. The RBI at its last Board meeting that Urjit Patel chaired, promised to set up a Committee on the MSME sector by the end of...
More »Traders, MSMEs saw 3.5 mn job losses due to note ban, GST, other factors -TE Narasimhan & Gireesh Babu
-Business Standard Among various solutions, AIMO pushed for the supply of raw materials such as steel and aluminium to MSMEs at a lower subsidised cost Chennai: The TMSME (Traders, micro, small and medium enterprises) sector has seen a loss of around 3.5 million jobs in the past 4.5 years, according to a survey conducted by the All India Manufacturers Organisation (AIMO). Demonetisation and the goods and services tax (GST) are the main...
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