Last Updated: 03 Mar 2024
Highest number of new MSME registrations in Punjab among North India as announced on 8 Aug 2023
Punjab Cabinet gave nod to set up a dedicated wing for MSMEs in Punjab on 22 Feb 2024
-- Groundbreaking initiative to invigorate the MSME sector
- Union Minister of MSMEs, Narayan Rane, informed Rajya Sabha on 7th Aug 2023 that 2.69+ lakh MSMEs (Micro, Small and Medium Enterprises) registered in Punjab in FY 2023
| Punjab |
Number of Registrations in FY 2023 |
| Micro |
2,65,898 |
| Small |
3,888 |
| Medium |
177 |
- Cabinet nod to "MSME wing" - groundbreaking initiative to invigorate the MSME sector
- MSME wing to sit within the Department of Industries and Commerce
- Core mission to bolster competitiveness of MSMEs
- Dedicated sub-divisions such as
- Finance or Credit: Will ensure a seamless flow of credit from financial institutions and banks to MSMEs
- Technology:
- To provide support in embracing cutting-edge technologies and modernizing operational frameworks
- Mandate includes the establishment of common facilities centers, particularly in the domains of modern testing facilities and quality certification
- Market: Will ensure better marketing of their product
- Skills: Will forge strategic collaborations with professional agencies, harnessing their specialized expertise to enrich the support services offered to stakeholders
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