Minister of Raj launches policies on MSMEs and handicrafts

Rajasthan’s Minister of Industries, Shakuntala Rawat, on Saturday launched the MSME-2022 Policy and Handicrafts Policy with the aim of providing an enabling business environment.

The MSME policy plans to create 20,000 new MSME units with a total investment of Rs 10,000 crore and create jobs for 1 lakh people.

Gehlot who was scheduled to attend the event was unable to attend due to other commitments.

The policy proposes to grant a five-year relaxation of approvals and inspections for the establishment and promotion of MSME units, according to an official statement.

In the 2019 policy, the easing period was three years, he said.

Over the past four years, more than 37.33 lakh people have obtained employment in the micro, small and medium enterprises or MSME sector, and its contribution to GDP has been estimated at 24.50%.

In the financial year 2021-22, the total exports of MSME industries was 72,000 crore.

The new policy is set to increase the contribution of MSMEs to the gross domestic product (GSDP) of the state, as well as to exports, according to the official communiqué.

Under this policy, the government will seek to create an enabling regulatory environment for MSME units and also provide more financial and technical assistance to entrepreneurs.

On the other hand, the new handicraft policy will contribute to the upliftment of handicraft artisans by empowering them. New employment opportunities will also be created in the state. Craftsmanship on the brink of extinction will be revived. National Handicraft Week will be held in December every year, and craftsmen will be praised.

Facilities such as craft brand building, online marketing assistance, social security, loan facility, scholarships, fair participation assistance, infrastructure expansion in the craft village, in addition to the establishment of a craft park, a museum, a design center, a sales center will be provided under the policy.

A state-level monitoring committee headed by the Minister of State for Industries and Commerce will also be formed to ensure better implementation of the policy.

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)

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