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What is the News?
On the occasion of International Women’s Day 2022, the Union Minister for MSME has launched “SAMARTH”.
What is SAMARTH?
Launched by: Ministry of Micro, Small & Medium Enterprises
Purpose: It is a Special Entrepreneurship Promotion Drive for Women to provide them with an opportunity to be self-reliant and independent by undertaking self-employment opportunities.
Key features of the scheme: Under the initiative, the following benefits will be available to aspiring and existing women entrepreneurs:
– 20% of Seats in free Skill Development Programs organized under skill development schemes of the Ministry will be allocated for Women.
– 20% of MSME Business Delegations sent to domestic & international exhibitions under the schemes for Marketing Assistance implemented by the Ministry will be dedicated to women-owned MSMEs.
– 20% Discount on annual processing fee on National Small Industries Corporation’s (NSIC) Commercial Schemes such as Single Point Registration Scheme, Raw Material Assistance and Bill Discounting, Tender Marketing among others.
– Special Drive for registration of women-owned MSMEs under Udyam Registration.
Significance of the Scheme: Through this initiative, the Government is planning to train more than, 7500 women candidates from rural and sub-urban areas in FY 2022-23. Besides, women will also be getting marketing opportunities to showcase their products in domestic and international exhibitions.
Source: This post is based on the article “Union Minister launches Special Entrepreneurship Promotion Drive for Women – “SAMARTH” on the occasion of International Women’s Day 2022” published in PIB on 9th Mar 2022.
