Skill Development Institutes

The Ministry of Micro Small and Medium Enterprises (MSME) has three National Level Entrepreneurship Development Institutes (EDIs) for conducting skill development activities covering the entire country, namely –National Institute for Entrepreneurship & Small Business Development (NIESBUD), NOIDA; National Institute for MSME (Ni-MSME), Hyderabad; and Indian Institute of Entrepreneurship (IIE), Guwahati. Besides, there are 30 MSME-Development Institutes and 18 MSME Tool Rooms & Technology Development Centres which also inter-alia conduct skill development programmes in the country. Out of these two Institutes namely, MSME Development Institute, and Institute for Design of Electrical Measuring Instruments (IDEMI) are located in Mumbai. Development of MSME The responsibility of development and promotion of Micro, Small and Medium Enterprises is primarily of States/Union Territories. The Central Government however supports and supplements the efforts of State Governments and Union Territories in this regard. Ministry of MSME is implementing Prime Minister’s Employment Generation Programme (PMEGP) for encouraging setting of Micro Enterprises under which General category beneficiaries can avail of margin money subsidy of 25 % of the project cost in rural areas and 15% in urban areas and Scheduled Caste/Scheduled Tribe /Women beneficiaries can avail the margin money subsidy of 35% of the project cost in rural areas and 25% in urban areas. In addition, the Union Government is giving concessions/incentives to the investors under the Credit Guarantee Fund Scheme and Credit Linked Capital Subsidy Scheme (CLCSS). The Credit Guarantee Fund Scheme provides collateral free credit facility (term loan and/ or working capital) extended by eligible lending institutions to new and existing micro and small enterprises up to Rs. 100 lakh per borrowing unit. CLCSS provides 15% capital subsidy on eligible institutional loan up to Rs.100 lakh.