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Recently, the Union Ministry for Micro Small and Medium Enterprises (MSME) had introduced NLAP (National Level Awareness Program) 2020. This program was launched for a duration which commenced on 17 February 2020 and ended on 28 February 2020. Further, this program was introduced to motivate students of different age groups to choose entrepreneurship as their career and also to understand the benefits annexed with the concept of entrepreneurship. Furthermore, a slight increment in the count of industries available in the MSME sector will lead to an enhancement in the country’s economy.
Further, in India, over the last five decades, the MSME (Micro Small and Medium Enterprises) sector has emerged as an incredibly vibrant and dynamic sector. This sector not only plays a significant role in offering ample employment opportunities at a relatively lower capital cost in comparison to the large industries but also facilitates the industrialization of rural and backward areas.
It is significant to note that, this sector contributes to almost 45 per cent of the total employment available, 50 per cent of the total exports from India, 29 per cent of the total country’s GDP (Gross Domestic Product) and 95 per cent of the total industrial units available in our country. Moreover, the central government envisions a contribution of $2 trillion from the Micro Small and Medium Enterprises (MSMEs), which will eventually help India, in achieving the goal of becoming a $5 trillion economy by the year 2024.
Hence, this sector is known as the bulwark of the economy, as it works for reducing regional imbalances, and also assures more equitable allocation of national income and wealth. Lastly, MSMEs are complementary to large industries as subsidiary units, and also this sector contributes a lot towards the socio-economic development of the nation.
The main objective behind unleashing this program was to spread awareness regarding the various schemes and initiatives undertaken by the MSME (Micro Small and Medium Enterprises) Ministry and various other annexed organizations. The term various other annexed organizations include the Office of Development Commissioner (MSME), Coir Board, Khadi and Village Industries Commission, Mahatma Gandhi Institute of Rural Industrialization, National Small Industries Corporation Limited, MSME Technology Centres, and National Institute of MSME.
Following are the Key Points attached to the National Level Awareness Program 2020 –
Following are some of the Institutes that had organized the National Level Awareness Program 2020 within their premises –
Mr Rajesh Kumar, working as the Assistant Director of the MSME (Micro Small and Medium Enterprises) Development Institute since 2014.
Mr Ravi Kant, working as the Head National of the SC-ST Hub office in Ludhiana
Mr Ashish Choudhary, working as the Deputy Manager, NSIC (National Small Industries Corporation)
By unleashing the NLAP 2020, the Union Ministry for MSME (Micro Small and Medium Enterprises) had encouraged the students of different age groups and of different qualifications that becoming an entrepreneur and offering jobs to others is far better than going to a company for securing a job. Also, by choosing entrepreneurship as a career, more entrepreneurs will be born in our country, which will eventually lead to a rise in the employment opportunities, and moreover, it will directly or indirectly increase the country’s GDP (Gross Domestic Product) and growth.
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