Page 32 - MSME BULLETIN 2022 NEW LAYOUT 19082022.indd

MSME & START-UP BULLETIN, VOLUME 1, ISSUE 1, AUGUST 2022

under the MSMED Act in all State/UTs. The legislative heterogeneous in terms of size of the enterprises
provisions, in such instances, stipulate that delayed and variety of products and services, and levels of
payment to supplier units attracts compound interest technology employed. MSMEs are complementary
with monthly interests at three times of the bank rate to large industries as ancillary units and contribute
notifi ed by the Reserve Bank. signifi cantly in the inclusive industrial development of
the country. The MSMEs are widening their domain
Under the Atmanirbhar Bharat Abhiyaan, the MSME across various sectors of the economy and cater to the
sector has not only been given substantial allocation but demands of domestic as well as global markets. The
has also been accorded priority in implementation of economic potential of the MSMEs may be gauged
the measures to revive the economy. by the Gross Value Added (GVA) by them over the
years. The data relating to the trend of GVA of Indian
02.00 MSME Potential MSMEs for the period from 2011-12 to 2018-19 are
tabulated as table 1.
The MSME sector in India is exceedingly

Table 1: Trend of GVA of Indian MSMEs

GVA Rate of Growth (%)

Year MSME India
MSME % to India MSME India
(Rs. Lakh Crore) (Rs. Lakh Crore)

2011-12 25.83 81.07 31.86

2012-13 29.78 92.03 32.36 15.27 13.52

2013-14 33.43 103.63 32.26 12.27 12.61

2014-15 36.58 115.04 31.80 9.43 11.01

2015-16 40.60 125.75 32.28 10.97 9.30

2016-17 45.02 139.65 32.24 10.90 11.06

2017-18 50.86 155.13 32.79 12.98 11.08

2018-19 57.42 171.40 33.50 12.88 10.49

MSMEs have, evidently, been contributing around in Manufacturing, 0.03 lakh in Non-captive Electricity
one third of the Indian GVA continually. Another Generation and Transmission, 230.35 lakh in Trade
salient feature that comes to the fore is that, except for and 206.85 lakh in Other Services. Table 2 provides
2014-15, the growth rate of the GVA of the MSME the locational distribution of these MSMEs.
sector is fairly higher than that of the Indian economy
on a consistent basis. The rational inference that may be Table 2: Locational Distribution of the MSMEs
drawn, here, is that focus on MSMEs would facilitate (Figures in lakhs)
augmentation of Indian GVA.
rd
As per the National Sample Survey (NSS) 73 round, Category Rural Urban Total Share (%)
conducted by National Sample Survey Offi ce, Ministry
of Statistics & Programme Implementation during the Micro 324.09 306.43 630.52 99.47
period 2015-16, there were 633.88 lakh unincorporated
non-agriculture MSMEs in the country engaged in
different economic activities comprising 196.65 lakh Small 0.78 2.53 3.31 0.52

32 The Institute of Cost Accountants of India