Track credit schemes, add re focus in Capex survey: MoSPI

The Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday called for monitoring the utilisation and impact of credit access programmes such as MUDRA to support enterprise formalisation and financial inclusion in the upcoming Private Sector Capital Expenditure (CAPEX) and Annual Survey of Unincorporated Sector Enterprises (ASUSE) surveys.

In a statement issued after the Data Users Conference in Hyderabad, the ministry said there is a need to include “dedicated questions on investment intentions in renewable energy sources such as biomass, solar, and wind in the upcoming round of the CAPEX survey.”

Addressing the gathering, V Anantha Nageswaran, Chief Economic Advisor (CEA), stated that conviction for policy reform must be sustained by the pulse of granular data.

“The ASUSE and the Private Sector CAPEX Investment Intention Survey together cover wide ground in providing a realistic picture of activity in India’s private sector,” he said.

The ministry also recommended enriching the ASUSE database by profiling the age of proprietary and partnership establishments and proposed capturing information on the reasons behind starting businesses in the unincorporated sector to enhance establishment profiling.