“Seekho Aur Kamao” Scheme

Part of: GS Prelims  and GS-II- Government Schmes

 About Seekho Aur Kamao scheme

Some of the schemes for growth and development of MSME Sector in the country are:

Prime Minister’s Employment Generation Programme (PMEGP) 
  • It is a is a major credit-linked subsidy scheme launched by merging two schemes namely Prime Minister’s Rojgar Yojana (PMRY) and Rural Employment Generation Programme (REGP)
  • It aims for generating employment opportunities by establishing micro-enterprises in urban and rural areas in the non-farm sector.
  • Implemented by Khadi and Village Industries Commission (KVIC)
Scheme of Fund for Regeneration of Traditional Industries (SFURTI)
  • It is an initiative by Ministry of MSME to promote Cluster development. 
  • Objective of the Scheme includes organizing the traditional industries and artisans into clusters to make them competitive and provide support for their long-term sustainability, sustained employment, enhancing their marketability, equipping traditional artisans of the associated clusters with the improved skills.
  • Khadi and Village Industries Commission (KVIC) is the nodal Agency.
A Scheme for Promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE)
  • Objective of the Scheme includes Creating new jobs and reducing unemployment, promoting entrepreneurship culture in India that will promote grassroots economic development at district level
  • It involves setting up network of technology centres and incubation centres to accelerate entrepreneurship and also to promote start-ups for innovation in agro- industry and MSME sector
Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGMSE)
  • Objective of the Scheme includes making available collateral-free credit to the micro and small enterprise sector
Credit Linked Capital Subsidy and Technology Upgradation Scheme (CLCS-TUS)
  • Objective of the Scheme includes facilitating technology up-gradation in MSEs by providing an upfront capital subsidy of 15 per cent (on institutional finance of up to Rs 1 crore availed by them) for induction of well-established and improved technology in the specified 51 sub-sectors/products approved. 

Contribution of MSMEs to GDP (will be useful for Mains)

News Source: PIB & PIB

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