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Research and development promoted in MSME sector

December 14, 2023
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Research and development promoted in MSME sector for helping entrepreneurs to convert their ideas into marketable product

The Government of India has taken several initiatives to promote Research and Development (R&D) activities in Micro, Small and Medium Enterprises (MSME) Sector. These inter alia include MSME Innovative Scheme of Ministry of MSME, Atal Innovation Mission (AIM) of NITI Aayog, NIDHI-inclusive Technology Business Incubator (NIDHI-iTBI) Programme of Department of Science and Technology (DST), Regulatory Sandbox of Reserve Bank of India (RBI).

Apart from these, several testing and research laboratories have been established by Ministry of MSME, Defence Research Development Organization (DRDO), Ministry of Food Processing Industries, Ministry of Textiles etc.

Ministry of MSME is implementing MSME Innovative (Incubation) Scheme, a component under MSME Champions scheme for nurturing and development of ideas. Under the Incubation component of MSME Innovative Scheme of this Ministry, 533 ideas have been approved for nurturing and development with an amount of Government of India grant sanctioned of Rs. 43.30 crore during the last three years 2021-22, 2022-23 and 2023-24. Under Ministry of MSME, there are 10 Tool Rooms (TR), 8 Technology Development Centres (TDC) are functioning to provide consultancy and R&D to MSMEs. Further, Department of Science and Technology (DST) supports entrepreneur through its programs all over India, where infrastructure and creation of lab facilities are supported for helping the entrepreneurs to convert their ideas into marketable product.

In the State of Madhya Pradesh, DST has supported 4 incubators in Madhya Pradesh (MP), out of which 2 incubators in Bhopal have been supported through Technology Business Incubator (TBI) program and 2 incubators in Indore have been supported through NIDHI-iTBI Programme. Under Atal Incubation Centres (AIC), 69 incubators have been operationalized across eight States and three Union Territories including Madhya Pradesh (Raisen and Indore).  Under MSME Innovative Scheme 6 Ideas and 34 Host Institutes (HIs) are approved in the State of MP.

This information was given by the Minister of State for Micro Small and Medium Enterprises, Shri Bhanu Pratap Singh Verma in a written reply to the Lok Sabha today.

Source : https://pib.gov.in/PressReleasePage.aspx?PRID=1986182

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