back to top
Jammu KashmirJ&K to prepare roadmap for enhancing performance of MSME sector

J&K to prepare roadmap for enhancing performance of MSME sector


Srinagar, Feb 25: The administration of and Kashmir Union Territory has set the ball rolling for preparing a long-term roadmap- strategic investment plan (SIP) – for enhancing the performance of the Micro, Small & Medium Enterprises (MSME) sector.Official documents accessed by news agencyreveal that J&K's Department of Industries & Commerce has begun the selection process for finalizing a consultant for preparation of Strategic Investment Plan (SIP) under the “ Raising and Accelerating MSME Performance” (RAMP) programme in the Union Territory of Jammu & Kashmir.

“The purpose of SIP is to develop a holistic MSME support Programme to further complement the UT's efforts towards boosting MSME growth by enabling effective implementation of Ministry of MSME's market access and competitiveness schemes in convergence with similar UTs MSME schemes and ensuring availability of infrastructure (power, transportation networks, serviced industrial land), skills training and development, and environmental improvements (reduced waste and pollution),” the documents further state.

The SIP is being prepared as part of implementation of a key scheme of the Government of supported by the Bank.

The Government of India has launched “Raising and Accelerating MSME Performance (RAMP)” scheme with an aim to improve MSMEs' access to market and credit, improving Centre-State linkages and partnerships, addressing issues of delayed payments and greening of MSMEs.

The industrial landscape of J&K is dominated by MSMEs. The MSMEs plays a crucial role in propelling industrial growth and in the UT as they contribute around 8% to the GSDP and employ the largest number of people in the manufacturing and services sectors. There are approximately seven lakh MSME units in the state and contributing almost 60% of the total investment and 90% of the total employment in the industrial sector in the UT. MSMEs employ around 11 lakh people in the UT.

The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.


Please enter your comment!
Please enter your name here

Share post:


More like this

JKDMA forewarns of ‘extreme forest fire’ risk in next 7 days

Srinagar, May 23: Amid soaring temperatures, J&K Disaster Management...

As Original Implementer Of Article 370, Congress Best For J&K, Says Mir

SRINAGAR, May 23: Senior Congress leader Ghulam Ahmad Mir...

Elaborate security arrangements in place in J-K’s Rajouri, Poonch ahead of polling

JAMMU, May 23:  Multi-layer security has been put in...

Vande Bharat Departure Delayed At Jammu Tawi Rly Station

JAMMU, May 23: The departure of ‘Vande Bharat’ on...