SAMARTH-Entrepreneurship Promotion Drive

On 7^th March 2022, Union Minister for Micro, Small, and Medium Enterprises (MSME), Narayan Rane launched “SAMARTH”, a special entrepreneurship promotion drive for women.

Highlights of the launch event

At the launch event, the MSME minister held that there are numerous opportunities for women in the MSME sector. The minister also highlighted that the MSME Ministry is continuously making efforts to develop the culture of entrepreneurship among women through its various initiatives and schemes.

About ​​​​​​​​SAMARTH

• SAMARTH will provide women with self-employment opportunities and make them self-reliant and independent. Under SAMARTH, 20% of seats in free skill development programs, organized by the MSME ministry, will be allocated for women entrepreneurs, which will help around 7,500 women in 2022-23.
• Also, 20% of MSME business delegations sent to domestic and international exhibitions for marketing assistance under the schemes of MSME ministry will be dedicated to Micro, Small, and Medium Enterprises (MSMEs) owned by women. This initiative will provide greater reach to the businesses of women.
• 20% discount on annual processing fee on commercial schemes of the National Small Industries Corporation (NSIC) can be availed by women entrepreneurs in 2022-23. A special Drive will be conducted under Udyam Registration for the registration of women-owned MSMEs.

SAMARTH entrepreneurship promotion drive for women was launched as a part of International Women’s Day (8^th March 2022) celebrations.

Month: Current Affairs - March, 2022

Category: Government Schemes Current Affairs