WB leads in job creation in SME sector
The state assisted about 5,290 SME units utilising about Rs 52.49 crore of the margin money subsidy for facilitating growth in the sector, the study said.
“Over 3.25 lakh jobs were generated in the SME sector by providing assistance to a total of 35,607 SME units across India utilising margin money subsidy worth about Rs 700 crore during the 11 months period between April 2011 and February 15, 2012,” D S Rawat, national secretary general of Assocham said while releasing the findings.
Andhra Pradesh emerged as the second leading state by generating about 33,115 jobs and assisting about 1,459 SME units, utilising about Rs 48.9 crore of the margin money subsidy, it said.
With over 30,000 jobs generated during the 11 months period, Uttar Pradesh has emerged as the third leading state to facilitate growth in the SMEs sector, says study.
Utilising the margin money subsidy worth over Rs 107 crore, the state assisted about 3,205 SME units across the state during the aforesaid period.
Tamil Nadu, Odisha, Assam, Karnataka, Bihar, Rajasthan and Madhya Pradesh are other leading states in this regard, the study said.
The SME sector accounts for about 45 per cent of India's manufacturing output and 40 per cent of the total exports of the country.
“Besides, the sector is estimated to employ about 59 million persons
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