Government Initiatives Current Affairs - 2019

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Bharatcraft portal:  Government to launch e-commerce marketing platform

Union Minister Nitin Gadkari has announced that Union Ministry of Micro, Small and Medium Enterprises (MSMEs) is planning to launch Bharatcraft portal, a desi version e-commerce marketing platform. It will be based on the lines of e-commerce behemoths such as Alibaba and Amazon. It will provide platform for MSMEs to market and sell their products and in turn boost the overall sector. It has potential to achieve revenues of around Rs 10 lakh crore in the 2-3 years.

Need for portal

MSME sector currently contributes nearly 29% to the manufacturing segment and 40% to the exports. It has potential to generate additional employment of 5 crore in the next five years. Union Government has set target to increase contribution of MSMEs in the manufacturing sector to 50% in the next five years.

Government launches Udyam Sakhi Portal for Women Entrepreneurs

The Ministry of Micro,Small & Medium Enterprises launched Udyam Sakhi Portal (www.udyamsakhi.org) for women entrepreneurs on the occasion of International Women’s Day. It was unveiled by Minister of State (Independent Charge) of MSME, Giriraj Singh, in a program held at Ambedkar International Centre, New Delhi.

Udyam Sakhi Portal

The portal is network to nurture entrepreneurship and create business models for low cost products and services in order to empower women and make them self-sufficient and self-reliant. It will provide assistance to women entrepreneurs through its platform for entrepreneurship learning tools, training programs for fund raising, incubation facility, provide mentors, one-on-one investor meet, provide market survey facility and technical assistance. It will cater needs of around 8 million women from across country who have started and are running their own businesses and playing vital role in the growth of Indian economy.