Ministry of Micro Current Affairs - 2019

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MOU: signed between NSIC and MSME Ministry

A Memorandum of Understanding (MOU) was signed between National Small Industries Corporation Limited (NSIC) and Ministry of Micro, Small and Medium Enterprises (MSME) for the year 2019-20.

Key Highlights

  • About: The MoU between NSIC and MSME envisages provisions of enhanced services by NSIC under its marketing, financial, technology and other support services schemes for Micro, Small and Medium Enterprises (MSMEs) in the country.
  • Projections: The NSIC projects to increase Revenue from Operation by 22% i.e. from Rs.2540 crore in year 2018-19 to Rs.3100 crore in 2019-20. It also projects growth of 32% in profitability during year 2019-20.
  • NSIC plans to enhance its activities in areas of imparting entrepreneurship and skill development training by targeting 45% growth in the number of trainees.
  • National SC-ST Hub Scheme: NSIC is implementing National SC-ST Hub Scheme on behalf of the Ministry of MSME. Under the scheme it will be a continued attempt to provide assistance to SC/ST entrepreneurs via different interventions and various outreach activities. The overall objectives of scheme will be to increase their participation in public procurement.
  • Way Forward: Although the performance of NSIC is appreciable it is suggested that greater efforts should be made to expand reach of NSIC so that it may be able to serve larger number of MSMEs in the country.

Month: Categories: Business, Economy & Banking

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KVIC distributes more than 1 lakh Bee-Boxes under ‘Honey Mission’

The Khadi and Village Industries Commission (KVIC) distributed more than one lakh bee-boxes among farmers and unemployed youths across India in less than two years under its ‘Honey Mission’ initiative. This is the first time such mass scale distribution of honey bee boxes has taken place in country.

About Honey Mission

  • It was launched in August 2017 in line with PM Narendra Modi’s call for ‘Sweet Revolution’ (revolution in production of honey to increase its production) in 2016 while introducing Banas Honey project at Deesa in Gujarat.
  • Under this mission KVIC provides beekeepers
    • Practical training about examination of honeybee colonies.
    • Acquaintance with apicultural equipments.
    • Identification and management of bee enemies and diseases.
    • Honey extraction and wax purification.
    • Management of bee colonies in spring, summer, monsoon, autumn and winter seasons.
  • So far, KVIC have created more than 10,000 new jobs and around 25,000 additional man days through fabrication of bee boxes and honey extractors.
  • KVIC would provide loans for setting up processing units, packaging units and labelling units for honey.
  • Importance: Production of healthy honey and wax, ands bee-keeping would open many job opportunities for unemployed youths and also for saspiring young entrepreneurs.
  • Under mission till date about 246 metric tonnes of honey has been extracted through these bee-boxes valuing over Rs 4 crore.
  • Earlier on 21 May 2018 on occasion of World Honey Bee Day, KVIC distributed 1,000 bee-boxes among 100 Mishing tribe in Kaziranga forest area in Assam and created a new world record of distributing maximum number of bee boxes in a single day.

About Khadi and Village Industries Commission (KVIC)

  • It is a statutory body formed under ‘Khadi and Village Industries Commission Act of 1956’ by Government of India.
  • It is an apex organisation under Ministry of Micro, Small and Medium Enterprises (MSME).
  • It is nodal implementation agency of Prime Minister Employment Generation Programme (PMEGP) at national level.
  • PMEGP is a major credit-linked subsidy programme being implemented by MSME Ministry since 2008-09 and will Continue till 2019-20. It aims to generate employment in India’s rural and urban areas.

Month: Categories: Government Schemes & Projects

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