The Centre will soon begin an elite scheme for women entrepreneurs, as per BH Anil Kumar, Joint Secretary of the Ministry of Micro, Small and Medium Enterprises.

“It will be an elite plot for women entrepreneurs. We have not still settled the contours.

We are proposing to start it before the end of the financial year,” he said through the launch ceremony of myloanassocham.com, a portal, promoting a loan to MSMSE industries by the Associated Chambers of Commerce Industry of India (ASSOCHAM).

The goal is to present MSMEs online access to funds from banks and financial organizations.

The Joint Secretary said that the MSME sector offers 8 percent to the country’s GDP, 38 percent of the manufacturing output and 40 per cent of the exports as per the survey conducted randomly in the year 2007.

It is not obvious how much of that data is based on hardcore data, according to him.

In this background, the Ministry is in the process of building an MSME data bank based on which it can project the real fundamentals of the sector.

The official asked all industries to register themselves. In 2015 the Ministry originated Udyog Aadhar Memorandum for MSME, where anybody who is having Aadhar Card can fill a single pager form and register itself within five minutes.

Anil Kumar Said, Reserve Bank of India, has announced guidelines for the formulation of committees for revival and rehabilitation of MSMEs which are handling stress.

Banks are in the means of setting them at State levels. The 90 per cent of MSMEs in India is either based on proprietorship or partnership model.

Others who associated in the event were Jiji Mammen, CEO, MUDRA, S Uma Shanmukhi, GM (SME), SBI, Jyoti Prakash Gadia, MD, Resurgent India Ltd., Srikanth Badiga, Chairman, Assocham, Telangana Development Council and DS Rawat, Secretary General, Assocham.