: Underspending on MSME schemes increased in 202021: Govt Data #FinanceIndia #StockMarketNEWS Underspending on MSME schemes increased in 2020-21: Govt Data New Delhi, Feb 15 (KNN) The underspending

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Underspending on MSME schemes increased in 202021: Govt Data #FinanceIndia #StockMarketNEWS
Underspending on MSME schemes increased in 2020-21: Govt Data New Delhi, Feb 15 (KNN) The underspending across various schemes related to the development of the micro, small and medium enterprise (MSME) sector by the MSME Ministry increased during the Covid year 2020-21, government data revealed.

Out of Rs 7,572.20 crore earmarked for the MSME Ministry in the Union Budget 2020-21, Rs 5,647.50 crore was spent across various MSME schemes while the remaining 25 per cent or around Rs 1,924.7 crore was left unspent.

In comparison, 99.39 per cent of the allocated Rs 6,552.61 crore to the MSME Ministry during 2018-19 and 95.81 per cent of the Rs 7,011.29 crore allocated during 2019-20 were spent with only less than 1 percent and 4 percent of underspending respectively.

The data shared by the MSME Minister Narayan Rane in a written reply to a question in Lok Sabha on details of funds released under various MSME schemes during the last three years showed the amount spent across nine broad categories.

Below are the details of the amount earmarked for various MSME schemes, sub-schemes, and related expenditure during 2020-21 based on the data shared in the Parliament.

– Development of Khadi, Village & Coir Industries: Total Rs 1525.94 crore allocated; Rs 947.52 crore spent. Sub-schemes included:
– Khadi Grant: Rs 383.60 crore allocated; Rs 222.17 crore spent.
– Scheme for Fund for Regeneration of Traditional Industries (SFURTI): Rs 464.85 crore allocated Rs 349.12 crore spent.
– Coir Vikas Yojna: Rs 103.87 crore allocated; Rs 80.44 crore spent.
– Khadi Vikas Yojana: Rs 370 crore allocated; Rs 258.44 crore spent.
– Gramodyog Vikas Yojana: Rs 102.92 crore allocated; Rs 37.35 crore spent.

(KNN Bureau)