Day: July 22, 2021

Key Highlights:

EPGDSM Programme is conducted by IIM Rohtak

Candidates who are meritorious sports persons and have represented India at Asian, Commonwealth or Olympics can apply for this

Financial assistance upto 5 lakh Rupees per candidate will be provided    

Department of Sports, Ministry of Youth Affairs and Sports (MYAS) has launched a novel initiative to support such candidates who are meritorious sports persons and have represented India at Asian, Commonwealth or Olympics, to pursue the Executive Post Graduate Diploma in Sports Management (EPGDSM)) Programme conducted by IIM Rohtak. Such support by the Department of Sports will continue for 5 years from the date of commencement of EPGDSM course at IIM Rohtak, i.e., from September, 2021 to September, 2026, and financial assistance upto 5 lakh Rupees per candidate will be provided. Any other element of cost incidental to attending the programme, including travel costs, out-of-pocket expenses, etc., will be borne by the candidate himself/herself.

The candidates will have to secure admission as per the selection criteria laid down by the IIM, Rohtak and then approach the Department of Sports for considering their candidature for being nominated to the EPGDSM course at IIM, Rohtak. After careful consideration, nomination of such candidates, as deemed fit by the Department of Sport, will be taken. The decision of the Department of Sports in this regard shall be final and binding. Department of Sports will release the cost of attendance directly to the IIM Rohtak at a pre-determined frequency, only in respect of such nominated that have been finally enrolled and are attending the programme. In the event of a candidate securing a scholarship either from the IIM Rohtak or any other source, the IIM Rohtak will inform the Department of Sports forthwith and adjust the amount of scholarship against the demand raised by it to the Department of Sports.

From 2nd July, 2021, the Government has included Retail and Wholesale Trades as MSMEs.

The Government, vide notification no. S.O. 2119(E) dated 26.06.2020, had notified composite criteria of classification of MSMEs based on investment in plant and machinery or equipment and turnover of the enterprise. With the introduction of new classification  of  MSMEs   w.e.f. 01.07.2020,  a  new cost – free  system  of  online  Udyam Registration which is based on self –declaration, has replaced the erstwhile filing of Udyog Aadhaar Memorandum.

Filing of Udyog Aadhaar Memorandum (UAM)/ Udyam Registration is required for availing benefits of the schemes and programmes of the Ministry of MSME.

          The Government has launched the Credit Guarantee Scheme (CGS) to strengthen credit delivery system and facilitate the flow of credit to the MSE sector without the hassles of collateral and third party guarantee. Under the scheme, Credit Guarantee is given to the Member Lending Institutions (MLIs) for loans upto Rs. 200 lakh. As per the data received from Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), Mumbai, there are 53,86,739 Nos. of guarantee and Rs. 2,72,007.42 crore amount of guarantee approved under Credit Guarantee Scheme since inception.

          To strengthen the Indian economy and to provide help to upcoming entrepreneurs, recently the Government has taken a number of initiatives under Aatma Nirbhar Bharat Abhiyan to support the MSME sector in the country, especially in Covid-19 pandemic. Some of them are:

1. Rs. 20,000 crore Subordinate Debt for MSMEs.
2. Rs.3 lakh crores Collateral free Automatic Loans for business, including MSMEs.
3. Rs. 50,000 crore equity infusion through MSME Self-Reliant India Fund
4. New Revised criteria of classification of MSMEs.
5. New Registration of MSMEs through ‘Udyam Registration’ for Ease of Doing Business.
6. No global tenders for procurement up to Rs. 200 crores.

An Online Portal “Champions” has been launched on 01.06.2020 by Hon’ble Prime Minister. This covers many aspects of e-governance including redressal of grievances and handholding of MSMEs.

RBI has also announced several measures to Reduce Financial Stress of MSMEs.

This information was given by Minister for Micro. Small and Medium Enterprises Shri Narayan Rane in a written reply in the Lok Sabha today.