Machine Tools is among the sectors in the National Capital Goods Policy aimed at making the Indian capital goods sector globally competitive.
The policy integrates major capital goods sub-sectors like machine tools, textile machinery, earthmoving and mining machinery, heavy electrical equipment, plastic machinery, process plant equipment, dies, moulds and press tools, printing and packaging machinery and food processing machinery as priority sectors to be envisaged under 'Make in India' initiative.
A boost to this sector is envisaged through this National Capital Goods Policy by providing for an enabling ecosystem for capital goods growth and ensuring sustained incentive for domestic manufacturers to service domestic as well as export market demand. The policy envisages increasing production of capital goods from ~Rs. 230,000 Cr in 2014-15 to Rs. 750,000 Cr in 2025 and raising direct and indirect employment from the current 8.4 million to ~30 million. It envisages increasing exports from the current 27% to 40% of production while increasing share of domestic production in India's demand from 60% to 80%, thus making India a net exporter of capital goods. The policy also aims to facilitate improvement in technology depth across sub-sectors, increase skill availability, ensure mandatory standards and promote growth and capacitybuilding of MSMEs.
Development Commissioner (MSME), Government of India had announced various schemes for supporting Micro, Small, & Medium Enterprises. These schemes are aimed at Enterprise & Skill Development, Technology Upgradation, Cluster Development, Marketing etc. click hereFor further details
Brief details of the some of the schemes useful to machine tool manufacturers are as follows:
Initiative by SIDBI: “Certified Credit Counsellors (CCCs) for MSMEs”
SIDBI has launched the Certified Credit Counsellors for MSMEs programme.
The intent behind the initiative is to evolve a system professional credit intermediaries / advisors for MSMEs, who couldhelp bridge the information gap of aspirant entrepreneurs, as also help banks to make better credit decisions.
The Mitra portals [www.udyamimitra.inandwww.standupmitra.in] conceived and developed by SIDBI, has ignited the young entrepreneurs to set up their own business, be it in manufacturing, trading or services sectors.It also supports existing enterprises looking for growth funding.
Interested members are requested to contact your nearest MSME DI for organising an awareness programme. Click here to know your nearest MSME DI offices.
National Apprenticeship Promotion Scheme
Implementation of National Apprenticeship Promotion Scheme by Ministry of Skill Development and Entrepreneurship Directorate General of Training.
Government of India has approved 'National Apprenticeship Promotion Scheme' (NAPS) with target to provide apprenticeship training to 50 lakh youth by 2020. Under the scheme, Government of India will share 25% of prescribed stipend subject to a maximum of Rs 1500 per month per apprentice with the employers.
Credit Linked capital Subsidy Scheme for Technology Upgradation
Scheme aims at facilitating Technology Upgradation of Micro and Small Enterprises by providing 15% capital subsidy (12% prior to 2005) on institutional finance availed by them for induction of well established and improved technology in approved sub-sectors/products.
National manufacturing Competitiveness Programme (NMCP)
DC-MSME has drawn up Ten schemes including schemes for promotion of ICT, mini tool room, design clinics, Lean manufacturing and marketing support for SMEs. Implementation will be in the PPP model, and financing will be tied up during the course of the 11th Plan.