MSMEs To Become More Competitive With NMCP | SupportBiz


MSMEs To Become More Competitive With NMCP

The NMCP programme is still under implementation and the total expenditure of about Rs. 122.00 crore has been made so far, since inception of the programme.

New Delhi: Government has announced formulation of a National Manufacturing Competitiveness Programme (NMCP) with an aim to support the Micro, Small and Medium Enterprises (MSMEs) in their endeavor to become competitive.

The objective of NMCP is to develop global competitiveness among Indian MSMEs. This programme targets at enhancing the entire value chain of the MSME sector through Lean Manufacturing Competitiveness Scheme for MSMEs and promotion of Information & Communication Tools (ICT) in MSME. 

The scheme would also focus on technology and quality up gradation support to MSMEs and enabling manufacturing sector to be competitive through quality management Standards (QMS) and Quality Technology Tools (QTT).

The various programmes of this Ministry in general and NMCP programme in particular are expected to enhance competitiveness of Indian MSMEs to face stiff competition from other countries including China and other neighbouring countries.

Rehabilitation package for the revival of viable sick MSEs is provided by primary lending institutions (PLIs), including commercial banks, which provide credit to the MSEs. The rehabilitation package is determined as per the guidelines issued by RBI from time to time.

The latest guidelines were issued by RBI in November, 2012, based on the recommendations of the Committee set up by Ministry of MSME to examine the definition of sickness and the procedure for assessing the viability of sick MSEs.