FICCI : Industry's Voice for Policy Change

Credit and Finance for MSMEs: Member lending institutions (MLIs) including public and private sector banks and non-banking financial companies (NBFCs) have sanctioned 76.6 per cent of the Rs 3-lakh-crore Emergency Credit Line Guarantee Scheme (ECLGS) as of January 29, 2021. In a written reply to a question in the Rajya Sabha on Tuesday, MoS Finance Anurag Singh Thakur said that cumulative loans sanctioned, as reported by various MLIs to National Credit Guarantee Trustee Company Ltd (NCGTC) stand at Rs 2.39 lakh crore under ECLGS as of January 29, 2021.

This is up from the sanctioned loan amount of Rs 2,14,083 crore to 90,57,300 borrowers as of January 8, 2021. Out of the sanctioned amount, Rs 1,65,886 crore was disbursed to 42,46,831 borrowers, according to the data from the Finance Ministry. The scheme was launched in May last year to support Covid-hit MSMEs but was later extended till March 31, 2020, with the launch of ECLGS 2.0 that was expanded in scope. The amended version of the scheme focused on entities in 26 stressed sectors identified by the Kamath Committee including power, construction, iron and steel manufacturing, roads, real estate, textiles, chemicals, consumer durables, non-ferrous metals, pharma manufacturing, logistics, gems and jewellery, cement, auto components, hotels-restaurants-tourism, mining, plastic product manufacturing, automobiles manufacturing, auto dealership, aviation, sugar, port and port services, shipping, building materials, and corporate retail outlets, Thakur noted.

Accounts with credit outstanding of more than Rs 50 crore and up to Rs 500 crore as of February 29, 2020, are eligible to raise credit under ECLGS 2.0. The scheme also seeks borrower accounts to be less than or equal to 30 days past due as of February 29, 2020, that is, they should not have been classified as SMA 1, SMA 2, or NPA by any of the lenders as of February 29, 2020. SMAs are special mention accounts showing signs of incipient stress that lead to the borrower defaulting in servicing loan.

Budget 2021 had made a provision of Rs 15,700 crore to the MSME sector – more than double from Rs 7,572 crore in the preceding budget. Finance Minister Nirmala Sitharaman had also proposed a revision of the definition of small companies in the budget by enhancing thresholds for paid-up capital from Rs 50 lakh to Rs 2 crore and turnover from Rs 2 crore to Rs 20 crore. “This will benefit more than two lakh companies in easing their compliance requirements,” the minister said. “Provision of Rs 15,700 crores for MSME sector is welcome as this sector needs huge finance and policy support. Also, the announcement that faceless dispute resolution committee will be set up for smaller companies is very appreciable and commendable,” said Sanjay Bhatia, MD, Hindustan Tin Works, and Past President, FICCI CMSME told Financial Express Online.

The Economic Times | Jan 15, 2021

Why technology is the only path to sustained growth for MSMEs

The Covid-19 pandemic catapulted the majority of Indian businesses to shift online to scale up and succeed, with small business owners waking up to the need of technology as the only path for sustained growth.

However, the majority of India’s Micro, Small and Medium Enterprises (MSMEs), that employ over 120 million people and contribute significantly to the GDP, unfortunately, are far away from reaping benefits of digitalisation.

Already reeling under the lack of access to credit and inability to leverage newer technologies like cloud computing, IoT, consumer analytics, the MSME sector was further hammered by challenges of business continuity and reduced cash flows due to the pandemic.

Small businesses don't necessarily have the resources to make large investments in technology but the disruption has made them realise how adopting to digital can help them take advantage of opportunities in today's changing environment. Even as MSMEs are struggling for survival, it is crucial to evaluate what the Government and technology companies can do to help small businesses carve out a growth path for themselves.

For the economy to recover from the adverse effects of this pandemic, the MSME sector needs to form the bulwark of the revival plan. The Economic Times Digital Payments Forum presented by Mastercard aims to start a dialogue on how digital technology and small businesses can profitably marry.

The imminent panel will have Akhilesh Tuteja, Partner & Head, Digital Consulting, KPMG India, Shashank Kumar, Co-Founder and CTO, Razorpay and R Narayan, President, FICCI-CMSME, Founder & CEO, Power2SME as speakers to raise concerns faced by Indian MSMEs.

Sandeep Malhotra, Executive VP, Products & Innovation, Mastercard, Prakash Mallya, VP and MD, Sales, Marketing & Communications Group, Intel India and Dr KP Krishnan, NCAER will also join the panel as speakers.

The Dialogue “Technology in Small Business – The Path to Sustained Growth” will deliberate on the digitisation of SMBs/SMEs and how the adoption of digital payments will shape the future path to sustained growth. Other key areas of discussion include:

Affordable innovations which tech companies can deliver to small businesses

Beyond ease of transactions, how can digital payments help SMBs ride the wave of economic recovery?

Policy interventions to help reduce the digital gap between large and small companies.

How digital tools can help SMBs derive greater insight into customer preferences and drive effective engagement.

The dialogue will be moderated by Alokesh Bhattacharyya, Senior Editor, The Economic Times and Suchetana Ray, Senior Assistant Editor, The Economic Times. To register for the exclusive session on January 20, 3:00 PM, click here.

The Economic Times | Jan 15, 2021

Why technology is the only path to sustained growth for MSMEs

Affordable innovations which tech companies can deliver to small businesses
Beyond ease of transactions, how can digital payments help SMBs ride the wave of economic recovery?
Policy interventions to help reduce the digital gap between large and small companies.
How digital tools can help SMBs derive greater insight into customer preferences and drive effective engagement.

The dialogue will be moderated by Alokesh Bhattacharyya, Senior Editor, The Economic Times and Suchetana Ray, Senior Assistant Editor, The Economic Times.

Hindustan Times | Dec 18, 2020

Serious impact of farmers' agitation on economy: FICCI

Amid the ongoing farmers’ agitation that resulted in the blockades in different borders of the national capital, Federation of Indian Chambers of Commerce and Industry (FICCI)- Confederation of Micro, Small and Medium Enterprises (CMSME) raised concern over the economical condition of the Industries.

President of FICCI-CMSME and Founder and CEO R Narayan said that the ongoing farmers’ agitation that results in the blockades in different parts of Northern India is a matter of concern as these could impinge on the economic recovery process currently underway. As a result of the agitation and related blockades, freight movement has been impacted both in terms of time taken for the consignments to reach their destination and the overall cost involved due to the detours and longer routes required to be taken.

He further said that small and medium industries are deeply impacted as a disruption in their supply chains making it difficult for them to maintain and continue operations in a normal manner. Besides the supply of raw materials and dispatch of finished goods, movement of workers has also been hindered.

Urging that the issue of the blockade should be solved as soon as possible Narayan said that an amicable solution to the current impasse has to be found at the earliest through discussions with all stakeholders. The agitation and blockades should end immediately in the greater interest of the economy.

Narayan further stated that as per the feedback received by FICCI-CMSME from its various constituents shows that SME units in Punjab, Haryana, Himachal Pradesh, Rajasthan, Delhi NCR, Uttar Pradesh, and Uttarakhand have been at the receiving end as the supply chains for their raw materials have seen a disruption with trucks being stranded at different locations.

“Sectors such as textile and apparel, sports goods, home appliances, home furnishings, plastic products etc. were looking forward to a jump in sales with Christmas and New Year-round the corner, but with the protests and blockages, sales would again come under pressure,” he said.

“The tourism sector also has come under pressure as people from the NCR region who were planning to take short breaks at destinations in Rajasthan have been forced to review their plans. Hotels in Rajasthan have reported cancellations of bookings from clients citing the ongoing protests,” he said.

“As per estimates, these economies from the Northern region may be losing around Rs 3,000 crore daily and unless the situation is addressed soon, these losses may only mount along with a possible spike in Covid-19 cases that due to the large gatherings and this would have its own economic costs,” he said.

Business World | Dec 18, 2020

Industry underlines serious impact of farmers' agitation on economy: FICCI

Amid the ongoing farmers' agitation that resulted in the blockades in different borders of the national capital, Federation of Indian Chambers of Commerce and Industry (FICCI)- Confederation of Micro, Small and Medium Enterprises (CMSME) raised concern over the economical condition of the Industries.

President of FICCI-CMSME and Founder and CEO R Narayan said that the ongoing farmers' agitation that results in the blockades in different parts of Northern India is a matter of concern as these could impinge on the economic recovery process currently underway. As a result of the agitation and related blockades, freight movement has been impacted both in terms of time taken for the consignments to reach their destination and the overall cost involved due to the detours and longer routes required to be taken.

"Sectors such as textile and apparel, sports goods, home appliances, home furnishings, plastic products etc. were looking forward to a jump in sales with Christmas and New Year-round the corner, but with the protests and blockages, sales would again come under pressure," he said.

"The tourism sector also has come under pressure as people from the NCR region who were planning to take short breaks at destinations in Rajasthan have been forced to review their plans. Hotels in Rajasthan have reported cancellations of bookings from clients citing the ongoing protests," he said.

"As per estimates, these economies from the Northern region may be losing around Rs 3,000 crore daily and unless the situation is addressed soon, these losses may only mount along with a possible spike in COVID-19 cases that due to the large gatherings and this would have its own economic costs," he said.

ET Now | Dec 18, 2020

MSMEs deeply impacted by farmers' protest, could impinge recovery process: FICCI-CMSME

Industry body Federation of Indian Chambers & Commerce (FICCI) said the ongoing farmers' agitation and resultant blockades in different parts of north India are a matter of concern as these could impinge on the economic recovery process currently underway.

As a result of the agitation and related blockades, freight movement has been impacted both in terms of time taken for the consignments to reach their destination and the overall cost involved due to the detours and longer routes required to be taken, it said.

R Narayan, President, FICCI-CMSME said that the small and medium industries are deeply impacted as a disruption in their supply chains is once again making it difficult for them to maintain and continue operations in a normal manner. Besides the supply of raw materials and dispatch of finished goods, movement of workers has also been hindered.

As a national representative body of MSMEs, FICCI CMSME would urge that an amicable solution to the current impasse be found at the earliest through discussions with all stakeholders. The agitation and blockades should end immediately in the greater interest of the economy and nation and outstanding issues be resolved through dialogue, he added.

FICCI, citing feedback by FICCI CMSME from its various constituents, said SME units in Punjab, Haryana, Himachal Pradesh, Rajasthan, Delhi NCR, Uttar Pradesh, and Uttarakhand have been at the receiving end as the supply chains for their raw materials have seen a disruption.

An escalation of transportation costs of 8-12 per cent has been reported by industrial units. Many of the units from sectors such as textile and apparel, sports goods, home appliances, home furnishings, plastic products etc were looking forward to a jump in sales with Christmas and New Year-round the corner, but with the protests and blockages, sales would again come under pressure, added Narayan.

The tourism sector too has come under pressure as people from the NCR region who were planning to take short breaks at destinations in Rajasthan have been forced to review their plans. Hotels in Rajasthan have reported cancellations of bookings from clients citing the ongoing protests, FICCI said in a statement.

With the movement of trucks being restricted, supplies of agricultural products such as fruits and vegetables have also been impacted and we could see some inflationary pressures building up in the Delhi NCR region in the days/weeks ahead.

As per FICCI estimates, these economies from the Northern region may be losing around Rs 3000 crore daily and unless the situation is addressed soon, these losses may only mount.

Another major worry is the possible spike in COVID cases that may result given the large gatherings that have started to build up around the Delhi NCR region and this would have its own economic costs.

https://www.zee5.com/zee5news/industry-underlines-serious-impact-of-farmers-agitation-on-economy-ficci/ | Dec 18, 2020

Industry underlines serious impact of farmers' agitation on economy: FICCI

“As per estimates, these economies from the Northern region may be losing around Rs 3,000 crore daily and unless the situation is addressed soon, these losses may only mount along with a possible spike in COVID-19 cases that due to the large gatherings and this would have its own economic costs,” he said.

ANI News | Dec 18, 2020

Industry underlines serious impact of farmers' agitation on economy: FICCI

Yahoo News | Dec 18, 2020

Industry underlines serious impact of farmers' agitation on economy: FICCI

SME Street | Dec 18, 2020

Industry underlines serious impact of Farmers’ agitation on economy: FICCI-CMSME

The ongoing farmers’ agitation and resultant blockades in different parts of Northern India are a matter of concern as these could impinge on the economic recovery process currently underway. As a result of the agitation and related blockades, freight movement has been impacted both in terms of time taken for the consignments to reach their destination and the overall cost involved due to the detours and longer routes required to be taken.

Mr R Narayan, President, FICCI-CMSME and Founder & CEO, Power2SME said that the small and medium industries are deeply impacted as a disruption in their supply chains is once again making it difficult for them to maintain and continue operations in a normal manner. Besides supply of raw materials and dispatch of finished goods, movement of workers has also been hindered. As a national representative body of MSMEs, FICCI CMSME would urge that an amicable solution to the current impasse be found at the earliest through discussions with all stakeholders. The agitation and blockades should end immediately in the greater interest of the economy and nation and outstanding issues be resolved through dialogue.

Feedback received by FICCI CMSME from its various constituents shows that SME units in Punjab, Haryana, Himachal Pradesh, Rajasthan, Delhi NCR, Uttar Pradesh, and Uttarakhand have been at the receiving end as the supply chains for their raw materials have seen a disruption with trucks being stranded at different locations. An escalation of transportation costs of 8-12 per cent has been reported by industrial units. Many of the units from sectors such as textile and apparel, sports goods, home appliances, home furnishings, plastic products etc. were looking forward to a jump in sales with Christmas and New Year-round the corner, but with the protests and blockages, sales would again come under pressure, noted Mr Narayan.

With movement of trucks being restricted, supplies of agricultural products such as fruits and vegetables have also been impacted and we could see some inflationary pressures building up in the Delhi NCR region in the days/weeks ahead.

As per estimates, these economies from the Northern region may be losing around Rs 3000 crore daily and unless the situation is addressed soon, these losses may only mount.

News Wrap India | Dec 18, 2020

Serious impact of farmers' agitation on economy: FICCI

Amid the continuing farmers’ agitation that resulted within the blockades in several borders of the nationwide capital, Federation of Indian Chambers of Commerce and Industry (FICCI)- Confederation of Micro, Small and Medium Enterprises (CMSME) raised concern over the economical situation of the Industries.

President of FICCI-CMSME and Founder and CEO R Narayan stated that the continuing farmers’ agitation that ends in the blockades in several parts of Northern India is a matter of concern as these may impinge on the financial restoration course of presently underway. As a results of the agitation and associated blockades, freight motion has been impacted each by way of time taken for the consignments to succeed in their vacation spot and the general price concerned as a result of detours and longer routes required to be taken.

He additional stated that small and medium industries are deeply impacted as a disruption of their provide chains making it tough for them to keep up and proceed operations in a traditional method. Besides the availability of uncooked supplies and dispatch of finished items, motion of employees has additionally been hindered.

Urging that the difficulty of the blockade needs to be solved as quickly as potential Narayan stated that an amicable resolution to the present deadlock must be discovered on the earliest via discussions with all stakeholders. The agitation and blockades ought to finish instantly within the better curiosity of the financial system.

Narayan additional acknowledged that as per the suggestions acquired by FICCI-CMSME from its numerous constituents exhibits that SME models in Punjab, Haryana, Himachal Pradesh, Rajasthan, Delhi NCR, Uttar Pradesh, and Uttarakhand have been on the receiving finish as the availability chains for his or her uncooked supplies have seen a disruption with vans being stranded at totally different areas.

Vnap News | Dec 18, 2020

Serious impact of farmers' agitation on economy: FICCI

Amid the continuing farmers’ agitation that resulted within the blockades in numerous borders of the nationwide capital, Federation of Indian Chambers of Commerce and Industry (FICCI)- Confederation of Micro, Small and Medium Enterprises (CMSME) raised concern over the economical situation of the Industries.

President of FICCI-CMSME and Founder and CEO R Narayan stated that the continuing farmers’ agitation that leads to the blockades in numerous elements of Northern India is a matter of concern as these might impinge on the financial restoration course of at present underway. As a results of the agitation and associated blockades, freight motion has been impacted each when it comes to time taken for the consignments to achieve their vacation spot and the general value concerned as a result of detours and longer routes required to be taken.

He additional stated that small and medium industries are deeply impacted as a disruption of their provide chains making it troublesome for them to keep up and proceed operations in a standard method. Besides the provision of uncooked supplies and dispatch of completed items, motion of employees has additionally been hindered.

Urging that the problem of the blockade must be solved as quickly as attainable Narayan stated that an amicable answer to the present deadlock must be discovered on the earliest by way of discussions with all stakeholders. The agitation and blockades ought to finish instantly within the better curiosity of the financial system.

Narayan additional said that as per the suggestions acquired by FICCI-CMSME from its numerous constituents reveals that SME models in Punjab, Haryana, Himachal Pradesh, Rajasthan, Delhi NCR, Uttar Pradesh, and Uttarakhand have been on the receiving finish as the provision chains for his or her uncooked supplies have seen a disruption with vehicles being stranded at totally different places.

Latest LY | Dec 18, 2020

Industry underlines serious impact of farmers' agitation on economy: FICCI

Chevy Times | Dec 18, 2020

Serious impact of farmers’ agitation on economic system: FICCI

Amid the continuing farmers’ agitation that resulted within the blockades in numerous borders of the nationwide capital, Federation of Indian Chambers of Commerce and Trade (FICCI)- Confederation of Micro, Small and Medium Enterprises (CMSME) raised concern over the economical situation of the Industries.

President of FICCI-CMSME and Founder and CEO R Narayan stated that the continuing farmers’ agitation that ends in the blockades in numerous elements of Northern India is a matter of concern as these might impinge on the financial restoration course of at the moment underway. In consequence of the agitation and associated blockades, freight motion has been impacted each in phrases of time taken for the consignments to achieve their vacation spot and the general value concerned because of the detours and longer routes required to be taken.

He additional stated that small and medium industries are deeply impacted as a disruption of their provide chains making it tough for them to take care of and proceed operations in a standard method. Apart from the availability of uncooked supplies and dispatch of completed items, motion of staff has additionally been hindered.

Urging that the problem of the blockade ought to be solved as quickly as attainable Narayan stated that an amicable answer to the present deadlock needs to be discovered on the earliest by discussions with all stakeholders. The agitation and blockades ought to finish instantly within the larger curiosity of the economic system.

Narayan additional acknowledged that as per the suggestions obtained by FICCI-CMSME from its numerous constituents exhibits that SME items in Punjab, Haryana, Himachal Pradesh, Rajasthan, Delhi NCR, Uttar Pradesh, and Uttarakhand have been on the receiving finish as the availability chains for his or her uncooked supplies have seen a disruption with vehicles being stranded at totally different areas.

“Sectors comparable to textile and attire, sports activities items, dwelling home equipment, dwelling furnishings, plastic merchandise and many others. have been trying ahead to a leap in gross sales with Christmas and New Yr-not far away, however with the protests and blockages, gross sales would once more come beneath stress,” he stated.

“The tourism sector additionally has come beneath stress as individuals from the NCR area who have been planning to take quick breaks at locations in Rajasthan have been compelled to overview their plans. Lodges in Rajasthan have reported cancellations of bookings from shoppers citing the continuing protests,” he stated.

“As per estimates, these economies from the Northern area could also be shedding round Rs 3,000 crore day by day and until the state of affairs is addressed quickly, these losses might solely mount together with a attainable spike in Covid-19 circumstances that because of the giant gatherings and this could have its personal financial prices,” he stated.

IND News | Dec 18, 2020

Industry underlines serious impact of farmers’ agitation on economy: FICCI

Daily 2 Daily News | Dec 18, 2020

Serious impact of farmers' agitation on economy: FICCI

Ten News | Dec 18, 2020

Industry underlines serious impact of farmers’ agitation on the economy: FICCI-CMSME

R Narayan, President, FICCI-CMSME and Founder & CEO, Power2SME said that the small and medium industries are deeply impacted as a disruption in their supply chains is once again making it difficult for them to maintain and continue operations in a normal manner. Besides supply of raw materials and dispatch of finished goods, movement of workers has also been hindered. As a national representative body of MSMEs, FICCI CMSME would urge that an amicable solution to the current impasse be found at the earliest through discussions with all stakeholders. The agitation and blockades should end immediately in the greater interest of the economy and nation and outstanding issues be resolved through dialogue.

As per estimates, these economies from the Northern region may be losing around Rs 3000 crore daily and unless the situation is addressed soon, these losses may only mount.

Lokmat English | Dec 18, 2020

Industry underlines serious impact of farmers' agitation on economy: FICCI

Fact News | Dec 18, 2020

Industry underlines serious impact of farmers' agitation on economy: FICCI

Business Standard | Dec 17, 2020

Transport costs up 12% due to farmers stir: FICCI's MSME confederation

FICCI's wing for the micro, small and medium enterprises said industrial units have reported 8-12 per cent rise in transportation costs due to the ongoing farmers stir against agricultural Acts. It pegged the loss to the businesses at around Rs 3,000 crore daily which would mount if the situation is not addressed.

FICCI Confederation of Micro, Small & Medium Enterprises (CMSME) said that feedback received from its various constituents showed that small and medium enterprises units in Punjab, Haryana, Himachal Pradesh, Rajasthan, Delhi NCR, Uttar Pradesh and Uttarakhand have been at the receiving end as the supply chains for their raw materials have seen disruption with trucks being stranded at different locations.

Many units from sectors such as textile and apparel, sports goods, home appliances, home furnishings, plastic products etc were looking forward to jump in sales with Christmas and new year round the corner, but these would come under pressure due to protests and blockages.

Magzter | Dec 17, 2020

Transport costs up 12% due to farmers stir: FICCI's MSME confederation

Spurt in festive sales in many sectors would come under pressure due to protests and blockages.

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Agriculture Post | Dec 17, 2020

Industry underlines serious impact of farmers’ protests on the economy: FICCI-CMSME

As per the FICCI estimates, economies from the northern region may be losing around Rs 3,000 crore daily and unless the situation is addressed soon, these losses may only mount

The ongoing farmers’ protest and resultant blockades in different parts of northern India are a matter of concern as these could impinge on the economic recovery process currently underway. As a result of the agitation and related blockades, freight movement has been impacted both in terms of time taken for the consignments to reach their destination and the overall cost involved due to the detours and longer routes required to be taken.

R Narayan, President, FICCI-CMSME and Founder & CEO, Power2SME said that the small and medium industries were deeply impacted as a disruption in their supply chains was once again making it difficult for them to maintain and continue operations in a normal manner. Besides supply of raw materials and dispatch of finished goods, movement of workers had also been hindered. As a national representative body of MSMEs, FICCI CMSME would urge that an amicable solution to the current impasse be found at the earliest through discussions with all stakeholders. The agitation and blockades should end immediately in the greater interest of the economy and nation and outstanding issues be resolved through dialogue.

Feedback received by FICCI CMSME from its various constituents shows that SME units in Punjab, Haryana, Himachal Pradesh, Rajasthan, Delhi NCR, Uttar Pradesh, and Uttarakhand have been at the receiving end as the supply chains for their raw materials have seen a disruption with trucks being stranded at different locations. An escalation of transportation costs of 8-12 percent has been reported by industrial units. Many of the units from sectors such as textile and apparel, sports goods, home appliances, home furnishings and plastic products were looking forward to a jump in sales with Christmas and New Year-round the corner, but with the protests and blockages, sales would again come under pressure, noted Narayan.

With movement of trucks being restricted, supplies of agricultural goods such as fruits and vegetables have also been impacted and we could see some inflationary pressures building up in the Delhi NCR region in the days/weeks ahead.

As per estimates, these economies from the northern region may be losing around Rs 3,000 crore daily and unless the situation is addressed soon, these losses may only mount.

Another major worry is the possible spike in COVID-19 cases that may result given the large gatherings that have started to build up around the Delhi NCR region and this would have its own economic costs.

Business Standard | Nov 04, 2020

Uttar Pradesh among top 5 in MSME employment generators amid Covid-19

Uttar Pradesh has found place among top five states of the country for providing employment under the Micro, Small and Medium Enterprises (MSMEs) during Corona pandemic.

In a recent report of Reserve Bank of India (RBI), Uttar Pradesh has secured a place ahead of Karnataka, Rajasthan, Delhi, Haryana and Telangana in the list of top 10 states.

The states ahead of Uttar Pradesh are Madhya Pradesh, Gujarat, Tamil Nadu and Maharashtra.

"The Uttar Pradesh government not only managed the return of about 40 lakh migrants from all over the country but also took up the onerous task of providing them employment," the government spokesman said.

"In a first, the state government did skill mapping of about 20 lakh migrant labourers/ workers to enable them get job as per their skill set," he added.

The state government also signed MoUs with various industries for creation of 11 Lakh jobs within a year. While FICCI and IIA will account for three lakh jobs each, realtors' body NARDCO and the Laghu Udyog Bharti have agreed to provide jobs to 2.5 each to migrant labourers.

The state government set up new MSME units and is facilitating the distribution of loans to entrepreneurs for this. A new portal 'Sathi' was also launched to help entrepreneurs set up new units.

The government also plans to set up 1000 new units across the state in its efforts to generate more employment and also help people learn entrepreneurial skills, the spokesman said.

As many as 90 lakh MSMs are functional in the state and the sector has been projected as the new growth engine for economic development of the state.

The ambitious scheme of One District One Product (ODOP) under MSME in UP has emerged as a game changer in the times of the pandemic.

Under ODOP, the products of 75 districts are being promoted and sold nationally and internationally on online platforms like Amazon and Flipkart.

As a result, the small districts like Jaunpur, Etah, Pilibhit, Mirzapur and Pratapgarh have become centres for employment due to successful implementation of ODOP.

The Indian Express | Nov 04, 2020

UP fifth in generating jobs in MSMEs, says govt citing RBI report

The Yogi Adityanath government on Tuesday claimed that Uttar Pradesh has been ranked fifth on the list of states that have generated most jobs in the MSME (Micro, Small & Medium Enterprises) sector, and cited a report of the Reserve Bank of India (RBI).

Calling it a major success, the state government said the top four states ahead of UP are Maharashtra, Tamil Nadu, Gujarat and Madhya Pradesh.

“Uttar Pradesh has become the fifth state to generate the highest number of jobs in the MSME sector. The state has achieved the fifth position in the ranking prepared by the RBI after leaving behind states like Rajasthan, Karnataka, Delhi and Punjab. The RBI prepared the report after assessing all the states in the country. The RBI has also included the data of jobs created by the Yogi Adityanath government during the Covid era,” read the statement.

“Amid the Covid pandemic, the government not just took the decision to bring back more than 40 lakh migrants stuck in other states, but also fulfilled the challenge of providing them with jobs. After skill-mapping of more than 20 lakh workers, they were given employment through the MSME department. The state government signed MOUs with FICCI and IIA to give jobs to 6 lakh workers. Also, MOUs with institutes like NAREDCO and Laghu Udyog Bharti were signed to generate 5 lakh jobs in the private sector,” it said.

The government also said that 90 MSME units were operational in the state and the ‘One District One Product’ (ODOP) scheme of the government proved to be a gamechanger.

“In the ODOP scheme, started under the MSME sector, people were given employment and business on a local level. The MoU with companies like Amazon and Flipkart for online business gave the scheme a new speed,” it said.

Not just prominent districts, but smaller districts like Jaunpur, Etah, Pilibhit, Mirzapur and Pratapgarj have become centres of employment under the ODOP scheme, the government claimed.

Bhaskar Live | Nov 04, 2020

UP among top 5 in MSME employment generators

Uttar Pradesh has found place among top five states of the country for providing employment under the Micro, Small and Medium Enterprises (MSMEs) during Corona pandemic.

In a recent report of Reserve Bank of India (RBI), Uttar Pradesh has secured a place ahead of Karnataka, Rajasthan, Delhi, Haryana and Telangana in the list of top 10 states.

The states ahead of Uttar Pradesh are Madhya Pradesh, Gujarat, Tamil Nadu and Maharashtra.

“The Uttar Pradesh government not only managed the return of about 40 lakh migrants from all over the country but also took up the onerous task of providing them employment,” the government spokesman said.

“In a first, the state government did skill mapping of about 20 lakh migrant labourers/ workers to enable them get job as per their skill set,” he added.

The state government also signed MoUs with various industries for creation of 11 Lakh jobs within a year. While FICCI and IIA will account for three lakh jobs each, realtors’ body NARDCO and the Laghu Udyog Bharti have agreed to provide jobs to 2.5 each to migrant labourers.

The state government set up new MSME units and is facilitating the distribution of loans to entrepreneurs for this. A new portal ‘Sathi’ was also launched to help entrepreneurs set up new units.

The government also plans to set up 1000 new units across the state in its efforts to generate more employment and also help people learn entrepreneurial skills, the spokesman said.

As many as 90 lakh MSMs are functional in the state and the sector has been projected as the new growth engine for economic development of the state.

The ambitious scheme of One District One Product (ODOP) under MSME in UP has emerged as a game changer in the times of the pandemic.

Under ODOP, the products of 75 districts are being promoted and sold nationally and internationally on online platforms like Amazon and Flipkart.

As a result, the small districts like Jaunpur, Etah, Pilibhit, Mirzapur and Pratapgarh have become centres for employment due to successful implementation of ODOP.

KNN | Nov 04, 2020

UP among top five states in generating jobs in MSME sector

Uttar Pradesh (UP) has been placed among top five states of the country for generating employment in the Micro, Small and Medium Enterprises (MSMEs) sector during COVID-19 pandemic.

According to a recent report of Reserve Bank of India (RBI), UP has secured a place ahead of Karnataka, Rajasthan, Delhi, Haryana and Telangana in the list of top 10 states.

''UP has become the fifth state to generate the highest number of jobs in the MSME sector. The state has achieved the fifth position in the ranking prepared by the RBI after leaving behind states like Rajasthan, Karnataka, Delhi and Punjab,'' read the statement.

''This happened because the state government took it seriously and proactively they asked all the districts administration to create or look for creating jobs for these migrants who returned during COVID pandemic to their native villages,'' a Gurugram based industrialist Dr. Animesh Saxena, told KNN India.

''Due to proactive actions of the UP government and creating opportunities for migrants in their own state this is something which has helped the government to achieve a place among top five states.'' he added.

Yogendra Kapoor, an Economist while commenting on the same said that UP enjoys availability of cost efficient labour in comparison to other states and this is one of the reasons for this which has helped the state government.

‘’UP has scored 2nd place among all states in India in Business Reform Action Plan report for the year 2019. The state has made consistent efforts for creation of the balanced ecosystem of trust and positive sentiments with the business industry by working to do labour reforms wherein the employer can hire and fire employees without its approval in a much relaxed manner,’’ said Kapoor.

He further added that availability of land for businesses with relaxed terms and conditions, concessional rates with tax benefits and exemptions, availability of power, time bound approvals and measures to reduce regulatory laws and Permissions are also some reasons for this achievement.

Notably, the state government signed MOUs with FICCI and IIA to give jobs to 6 lakh workers. Also, MOUs with institutes like NAREDCO and Laghu Udyog Bharti were signed to generate 5 lakh jobs in the private sector.

Yogi Adityanath led UP government also set up new MSME units and is facilitating the distribution of loans to entrepreneurs for this. A new portal 'Sathi' was also launched to help entrepreneurs set up new units.

According to an official spokesman, the government also plans to set up 1000 new units across the state in its efforts to generate more employment and also help people learn entrepreneurial skills.

The government also said that 90 MSME units were operational in the state and the ‘One District One Product’ (ODOP) scheme of the government proved to be a game changer.

As a result, the small districts like Jaunpur, Etah, Pilibhit, Mirzapur and Pratapgarh have become centres for employment due to successful implementation of ODOP.

IND News | Nov 04, 2020

UP among Top 5 in MSME employment generators

Uttar Pradesh has found place among top five states of the country for providing employment under the Micro, Small and Medium Enterprises (MSMEs) during Corona pandemic.

In a recent report of Reserve Bank of India (RBI), Uttar Pradesh has secured a place ahead of Karnataka, Rajasthan, Delhi, Haryana and Telangana in the list of top 10 states.

The states ahead of Uttar Pradesh are Madhya Pradesh, Gujarat, Tamil Nadu and Maharashtra.

“In a first, the state government did skill mapping of about 20 lakh migrant labourers/workers to enable them get job as per their skill set,” he added.

The state government set up new MSME units and is facilitating the distribution of loans to entrepreneurs for this. A new portal ‘Sathi’ was also launched to help entrepreneurs set up new units.

The government also plans to set up 1000 new units across the state in its efforts to generate more employment and also help people learn entrepreneurial skills, the spokesman said.

As many as 90 lakh MSMs are functional in the state and the sector has been projected as the new growth engine for economic development of the state.

The ambitious scheme of One District One Product (ODOP) under MSME in UP has emerged as a game changer in the times of the pandemic.

Under ODOP, the products of 75 districts are being promoted and sold nationally and internationally on online platforms like Amazon and Flipkart.

As a result, the small districts like Jaunpur, Etah, Pilibhit, Mirzapur and Pratapgarh have become centres for employment due to successful implementation of ODOP.

Public Releases | Oct 23, 2020

R Narayan appointed as President of FICCI-CMSME

He took over from outgoing President Sanjay Bhatia at the 6th annual general meeting of FICCI-CMSME which also witnessed the launch of FICCI-CMSME online directory & B2B portal “Connect” in the presence of Shri Arvind Kumar Sharma, Secretary, Ministry of Micro, Small and Medium Enterprises. The event also saw Mr. Girish Luthra and Ms. Harjinder Kaur, assume offices of Sr Vice-President and Vice-President respectively.

Speaking about his new role, R Narayan said, “I am honoured and humbled by the responsibility entrusted on me. We at FICCI CMSME firmly believe that the country’s MSMEs have enormous potential and have displayed great strength and resilience in the wake of the pandemic. This portal launched today has been created to explore new MSME business avenues and strengthen their value chains both backwards and forwards. True development can only be done in inclusivity and not isolation, and therefore a joint effort and collaboration is required from all stakeholders, especially from the government, industry chambers and associations to provide a support infrastructure which enable the growth of the MSME sector.”

Applauding the efforts made by FICCI towards championing the cause of MSMEs, Shri Arvind Kumar Sharma, Secretary, Ministry of Micro, Small and Medium Enterprises announced the creation of 5 taskforces in the domains of Industry 4.0, Exports, Technology Centers, Clusters and modernization schemes to make Indian SMEs future ready.

Established in December 2013 as an affiliate body with the mission of empowering MSMEs, FICCI-CMSME was created to work closely with the MSME sector to identify issues and suggest viable solutions. A pan-India body developed as an aggregator to develop various capabilities in various aspects of their businesses, CMSME plays an active role in connecting MSMEs to investors, incubators, accelerators, and assist MSME capacity building programs and services. It also provides the platform for networking and consistency building in across sectors.

The FICCI CMSME “Connect” portal aims to become a preferable B2B destination for both buyers & sellers and acts as online directory for SMEs to connect with each other, post business queries for listed enterprises and become a major source of detailed information of listed companies for visitors including PSUs, large corporate etc. The portal can be accessed at ficcicmsmeconnect.in.

The Week | Oct 20, 2020

R Narayan appointed as President of FICCI-CMSME

Outlook | Oct 20, 2020

R Narayan appointed as President of FICCI-CMSME

R Narayan, Founder & CEO, Power2SME has been elected as President of Confederation of Micro, Small and Medium Enterprises (CMSME), an affiliated body under the umbrella of the Federation of Indian Chambers of Commerce and Industry (FICCI), an apex Chamber of Commerce & Industry of India. FICCI-CMSME’s vision is to empower Indian MSMEs and build their competitiveness. He took over from outgoing President Sanjay Bhatia at the 6th annual general meeting of FICCI-CMSME which also witnessed the launch of FICCI-CMSME online directory & B2B portal “Connect” in the presence of Shri Arvind Kumar Sharma, Secretary, Ministry of Micro, Small and Medium Enterprises. The event also saw Mr. Girish Luthra and Ms. Harjinder Kaur, assume offices of Sr Vice-President and Vice-President respectively. Speaking about his new role, R Narayan said, “I am honoured and humbled by the responsibility entrusted on me. We at FICCI CMSME firmly believe that the country’s MSMEs have enormous potential and have displayed great strength and resilience in the wake of the pandemic. This portal launched today has been created to explore new MSME business avenues and strengthen their value chains both backwards and forwards. True development can only be done in inclusivity and not isolation, and therefore a joint effort and collaboration is required from all stakeholders, especially from the government, industry chambers and associations to provide a support infrastructure which enable the growth of the MSME sector.” Applauding the efforts made by FICCI towards championing the cause of MSMEs, Shri Arvind Kumar Sharma, Secretary, Ministry of Micro, Small and Medium Enterprises announced the creation of 5 taskforces in the domains of Industry 4.0, Exports, Technology Centers, Clusters and modernization schemes to make Indian SMEs future ready. Established in December 2013 as an affiliate body with the mission of empowering MSMEs, FICCI-CMSME was created to work closely with the MSME sector to identify issues and suggest viable solutions. A pan-India body developed as an aggregator to develop various capabilities in various aspects of their businesses, CMSME plays an active role in connecting MSMEs to investors, incubators, accelerators, and assist MSME capacity building programs and services. It also provides the platform for networking and consistency building in across sectors. The FICCI CMSME “Connect” portal aims to become a preferable B2B destination for both buyers & sellers and acts as online directory for SMEs to connect with each other, post business queries for listed enterprises and become a major source of detailed information of listed companies for visitors including PSUs, large corporate etc. The portal can be accessed at ficcicmsmeconnect.in. Image: R Narayan, Founder & CEO, Power2SME

Nyoooz | Oct 20, 2020

R Narayan appointed as President of FICCI-CMSME

SME Street | Oct 20, 2020

R Narayan appointed as President of FICCI-CMSME

He took over from outgoing President Sanjay Bhatia at the 6th annual general meeting of FICCI-CMSME which also witnessed the launch of FICCI-CMSME online directory & B2B portal “Connect” in the presence of Shri Arvind Kumar Sharma, Secretary, Ministry of Micro, Small and Medium Enterprises. The event also saw Mr Girish Luthra and Ms Harjinder Kaur, assume offices of Sr Vice-President and Vice-President respectively.

Speaking about his new role, R Narayan said “I am honoured and humbled by the responsibility entrusted on me. We at FICCI CMSME firmly believe that the country’s MSMEs have enormous potential and have displayed great strength and resilience in the wake of the pandemic. This portal launched today has been created to explore new MSME business avenues and strengthen their value chains both backwards and forwards. True development can only be done in inclusivity and not isolation, and therefore a joint effort and collaboration is required from all stakeholders, especially from the government, industry chambers and associations to provide a support infrastructure which enable the growth of the MSME sector”.

Zee5 | Oct 20, 2020

R Narayan appointed as President of FICCI-CMSME

R Narayan, Founder and CEO, Power2SME has been elected as President of Confederation of Micro, Small and Medium Enterprises (CMSME), an affiliated body under the umbrella of the Federation of Indian Chambers of Commerce and Industry (FICCI), an apex Chamber of Commerce and Industry of India. FICCI-CMSME’s vision is to empower Indian MSMEs and build their competitiveness.

He took over from outgoing President Sanjay Bhatia at the sixth annual general meeting of FICCI-CMSME which also witnessed the launch of FICCI-CMSME online directory and B2B portal “Connect” in the presence of Arvind Kumar Sharma, Secretary, Ministry of Micro, Small and Medium Enterprises. The event also saw Girish Luthra and Harjinder Kaur, assume offices of Sr Vice-President and Vice-President respectively.

“I am honoured and humbled by the responsibility entrusted on me. We at FICCI CMSME firmly believe that the country’s MSMEs have enormous potential and have displayed great strength and resilience in the wake of the pandemic. This portal launched today has been created to explore new MSME business avenues and strengthen their value chains both backwards and forwards,” said R Narayan, while speaking about his new role.

“True development can only be done in inclusivity and not isolation, and therefore a joint effort and collaboration is required from all stakeholders, especially from the government, industry chambers and associations to provide a support infrastructure which enable the growth of the MSME sector,” R Narayan added.

Applauding the efforts made by FICCI towards championing the cause of MSMEs, Arvind Kumar Sharma, Secretary, Ministry of Micro, Small and Medium Enterprises announced the creation of 5 taskforces in the domains of Industry 4.0, Exports, Technology Centers, Clusters and modernization schemes to make Indian SMEs future ready.

Established in December 2013 as an affiliate body with the mission of empowering MSMEs, FICCI-CMSME was created to work closely with the MSME sector to identify issues and suggest viable solutions.

A pan-India body developed as an aggregator to develop various capabilities in various aspects of their businesses, CMSME plays an active role in connecting MSMEs to investors, incubators, accelerators, and assist MSME capacity building programs and services. It also provides the platform for networking and consistency building in across sectors.

The FICCI CMSME “Connect” portal aims to become a preferable B2B destination for both buyers and sellers and acts as online directory for SMEs to connect with each other, post business queries for listed enterprises and become a major source of detailed information of listed companies for visitors including PSUs, large corporate etc. The portal can be accessed at ficcicmsmeconnect.in.

Lokmat English | Oct 20, 2020

R Narayan appointed as president of FICCI-CMSME

The Truth One | Oct 20, 2020

R Narayan appointed as President of FICCI-CMSME

News Galiyara | Oct 20, 2020

R Narayan appointed as President of FICCI-CMSME

Sight Sinplus | Oct 20, 2020

R Narayan appointed as President of FICCI-CMSME

Speaking about his new role, R Narayan said, “I am honoured and humbled by the responsibility entrusted to me. We at FICCI CMSME firmly believe that the country’s MSMEs have enormous potential and have displayed great strength and resilience in the wake of the pandemic. This portal launched today has been created to explore new MSME business avenues and strengthen their value chains both backwards and forwards. True development can only be done in inclusivity and not isolation, and therefore a joint effort and collaboration is required from all stakeholders, especially from the government, industry chambers, and associations to provide a support infrastructure which enables the growth of the MSME sector.”

The FICCI CMSME “Connect” portal aims to become a preferable B2B destination for both buyers & sellers and acts as online directory for SMEs to connect with each other, post business queries for listed enterprises, and become a major source of detailed information of listed companies for visitors including PSUs, large corporate, etc.

Press Trust of India | Oct 20, 2020

R Narayan appointed as President of FICCI-CMSME

News Net | Oct 20, 2020

R Narayan appointed as President of FICCI-CMSME

Ecom Indian | Oct 20, 2020

R Narayan appointed as President of FICCI-CMSME

R Narayan, Founder & CEO, Power2SME has been elected as president of Confederation of Micro, Small and Medium Enterprises (CMSME), an affiliated physique beneath the umbrella of the Federation of Indian Chambers of Commerce and Trade (FICCI), an apex Chamber of Commerce & Trade of India. FICCI-CMSME’s imaginative and prescient is to empower Indian MSMEs and construct their competitiveness.

He took over from outgoing President Sanjay Bhatia on the sixth annual common assembly of FICCI-CMSME which additionally witnessed the launch of FICCI-CMSME on-line listing & B2B portal “Join” within the presence of Shri Arvind Kumar Sharma, Secretary, Ministry of Micro, Small and Medium Enterprises. The occasion additionally noticed Girish Luthra and Harjinder Kaur, assume places of work of Senior Vice-President and Vice-President respectively.

Ina assertion, R Narayan stated “This portal has been created to discover new MSME enterprise avenues and strengthen their worth chains each backwards and forwards. Growth can solely be finished in inclusivity and never isolation, and subsequently a joint effort and collaboration is required from all stakeholders, particularly from the federal government, trade chambers and associations to supply a help infrastructure which allow the expansion of the MSME sector”.

Arvind Kumar Sharma, Secretary, Ministry of Micro, Small and Medium Enterprises introduced the creation of 5 taskforces within the domains of Trade four.zero, Exports, Know-how Facilities, Clusters and modernization schemes to make Indian SMEs future prepared.

Established in December 2013 as an affiliate physique to empower MSMEs, FICCI-CMSME was created to work carefully with the MSME sector to determine points and counsel viable options. CMSME performs an lively function in connecting MSMEs to traders, incubators, accelerators, and help MSME capability constructing applications and providers. It additionally gives the platform for networking and consistency constructing in throughout sectors.

The FICCI CMSME “Join” portal goals to develop into a B2B vacation spot for each patrons & sellers and acts as on-line listing for SMEs to attach with one another, put up enterprise queries for listed enterprises and develop into a serious supply of detailed info of listed firms for guests together with PSUs, massive company.

News15India | Oct 20, 2020

R Narayan appointed as President of FICCI-CMSME

R Narayan, Founder and CEO, Power2SME has been elected as President of Confederation of Micro, Small and Medium Enterprises (CMSME), an affiliated body under the umbrella of the Federation of Indian Chambers of Commerce and Industry (FICCI), an apex Chamber of Commerce and Industry of India. FICCI-CMSME's vision is to empower Indian MSMEs and build their competitiveness.

He took over from outgoing President Sanjay Bhatia at the sixth annual general meeting of FICCI-CMSME which also witnessed the launch of FICCI-CMSME online directory and B2B portal "Connect" in the presence of Arvind Kumar Sharma, Secretary, Ministry of Micro, Small and Medium Enterprises. The event also saw Girish Luthra and Harjinder Kaur, assume offices of Sr Vice-President and Vice-President respectively.

"I am honoured and humbled by the responsibility entrusted on me. We at FICCI CMSME firmly believe that the country's MSMEs have enormous potential and have displayed great strength and resilience in the wake of the pandemic. This portal launched today has been created to explore new MSME business avenues and strengthen their value chains both backwards and forwards," said R Narayan, while speaking about his new role.

"True development can only be done in inclusivity and not isolation, and therefore a joint effort and collaboration is required from all stakeholders, especially from the government, industry chambers and associations to provide a support infrastructure which enable the growth of the MSME sector," R Narayan added.

Established in December 2013 as an affiliate body with the mission of empowering MSMEs, FICCI-CMSME was created to work closely with the MSME sector to identify issues and suggest viable solutions.

The FICCI CMSME "Connect" portal aims to become a preferable B2B destination for both buyers and sellers and acts as online directory for SMEs to connect with each other, post business queries for listed enterprises and become a major source of detailed information of listed companies for visitors including PSUs, large corporate etc. The portal can be accessed at ficcicmsmeconnect.in.

India Daily Mail | Oct 20, 2020

R Narayan appointed as President of FICCI-CMSME

R Narayan, Founder & CEO, Power2SME has been elected as president of Confederation of Micro, Small and Medium Enterprises (CMSME), an affiliated body under the umbrella of the Federation of Indian Chambers of Commerce and Industry (FICCI), an apex Chamber of Commerce & Industry of India. FICCI-CMSME’s vision is to empower Indian MSMEs and build their competitiveness.

He took over from outgoing President Sanjay Bhatia at the 6th annual general meeting of FICCI-CMSME which also witnessed the launch of FICCI-CMSME online directory & B2B portal “Connect” in the presence of Shri Arvind Kumar Sharma, Secretary, Ministry of Micro, Small and Medium Enterprises. The event also saw Girish Luthra and Harjinder Kaur, assume offices of Senior Vice-President and Vice-President respectively.

Ina statement, R Narayan said “This portal has been created to explore new MSME business avenues and strengthen their value chains both backwards and forwards. Development can only be done in inclusivity and not isolation, and therefore a joint effort and collaboration is required from all stakeholders, especially from the government, industry chambers and associations to provide a support infrastructure which enable the growth of the MSME sector”.

Arvind Kumar Sharma, Secretary, Ministry of Micro, Small and Medium Enterprises announced the creation of five taskforces in the domains of Industry 4.0, Exports, Technology Centers, Clusters and modernization schemes to make Indian SMEs future ready.

Established in December 2013 as an affiliate body to empower MSMEs, FICCI-CMSME was created to work closely with the MSME sector to identify issues and suggest viable solutions. CMSME plays an active role in connecting MSMEs to investors, incubators, accelerators, and assist MSME capacity building programs and services. It also provides the platform for networking and consistency building in across sectors.

The FICCI CMSME “Connect” portal aims to become a B2B destination for both buyers & sellers and acts as online directory for SMEs to connect with each other, post business queries for listed enterprises and become a major source of detailed information of listed companies for visitors including PSUs, large corporate.

News on Floor | Oct 20, 2020

R Narayan appointed as President of FICCI-CMSME

He took over from outgoing President Sanjay Bhatia at the 6th annual general meeting of FICCI-CMSME which also witnessed the launch of FICCI-CMSME online directory & B2B portal "Connect" in the presence of Shri Arvind Kumar Sharma, Secretary, Ministry of Micro, Small and Medium Enterprises. The event also saw Mr. Girish Luthra and Ms. Harjinder Kaur, assume offices of Sr Vice-President and Vice-President respectively.

Speaking about his new role, R Narayan said, "I am honoured and humbled by the responsibility entrusted on me. We at FICCI CMSME firmly believe that the country's MSMEs have enormous potential and have displayed great strength and resilience in the wake of the pandemic. This portal launched today has been created to explore new MSME business avenues and strengthen their value chains both backwards and forwards. True development can only be done in inclusivity and not isolation, and therefore a joint effort and collaboration is required from all stakeholders, especially from the government, industry chambers and associations to provide a support infrastructure which enable the growth of the MSME sector."

The FICCI CMSME "Connect" portal aims to become a preferable B2B destination for both buyers & sellers and acts as online directory for SMEs to connect with each other, post business queries for listed enterprises and become a major source of detailed information of listed companies for visitors including PSUs, large corporate etc. The portal can be accessed at ficcicmsmeconnect.in.

Zee Business | Sep 26, 2020

Govt forms five task forces to make Indian MSMEs future-ready: Secy

"We have formed five ministerial task forces which will be headed by our key officers. These five task forces would work for a month in five key areas where we feel that the industry of the country and particularly the MSME sector should head towards," Sharma said at a virtual session organised by FICCI.

"With this mission and objective, the task force would work for a month, get the best practices of the world, get the inputs of experts and come back to the ministry with concrete strategy and action points within a month," the secretary said.

Sharing details on the other task forces, he said the second area is export promotion and import reduction, including how to focus in the key manufacturing areas, how to improve our quality standards, designs and technology, packaging.

The final objective is to see that India becomes a global manufacturing hub and a leading exporter in the world.

The third is how to re-engineer vertically and horizontally our existing cluster schemes so that they are able to assist the grass-root and the micro-level enterprises as well as the high-end enterprises, Sharma said.

The Secretary said the fourth task force will focus on how to integrate our technology centres.

The fifth task force will explore interventions to align various modernisation schemes like ZED (zero defect and zero effect) and LEAN (for manufacturing competitiveness), as well as other schemes related to design, intellectual property rights and marketing scheme.

By the beginning of next year, we would be on the path of implementing these futuristic initiatives, the secretary said.

Trending Scroll | Sep 25, 2020

Govt forms five task forces to make Indian MSMEs future-ready: Secretary

The authorities has constituted five task forces to make India’s micro, small and medium enterprises future-ready and formulate a concrete technique in the direction of making the nation a number one exporter, a prime authorities official stated on Thursday.

MSME secretary A Ok Sharma expressed confidence that it could be on the trail of implementing the futuristic initiatives by the beginning of subsequent yr.

He added that one of many five areas recognized is Industry 4.0, together with components like synthetic intelligence, 3D and digital actuality, and this task pressure has been fashioned with the target of creating India a world chief in Industry 4.0.

Sharing particulars on the opposite task forces, he stated the second space is export promotion and import discount, together with how to focus in the important thing manufacturing areas, how to enhance our high quality requirements, designs and know-how, packaging.

The last goal is to see that India turns into a world manufacturing hub and a number one exporter on this planet.

The third is how to re-engineer vertically and horizontally our present cluster schemes in order that they’re ready to help the grass-root and the micro-level enterprises in addition to the high-end enterprises, Sharma stated.

The secretary stated the fourth task pressure will deal with how to combine our know-how centres.

The fifth task pressure will discover interventions to align numerous modernisation schemes like ZED (zero defect and 0 impact) and LEAN (for manufacturing competitiveness), in addition to different schemes associated to design, mental property rights and advertising and marketing scheme.

By the start of subsequent yr, we’d be on the trail of implementing these futuristic initiatives, the secretary stated.

News Track Live | Sep 25, 2020

Government takes major steps for micro, small and medium enterprises' future

The Government has set up five Task Force to prepare India's micro, small and medium enterprises for the future and prepare a concrete plan to make India a major exporter. A top governance officer informed about the same. MSME Secretary AK Sharma expressed confidence that it would be on the path of determining future initiatives by the beginning of the coming year.

"We have set up five main task force who will be led by our chief officers," Sharma said in a virtual session by FICCI, an industry and commerce organisation. These five task men will work for one month in five major areas that we feel the Indian industry, especially the MSME sector, should move forward in these areas". He also said that one of the five identified locations is Industry 4.0, which includes dimensions such as artificial intelligence, 3D and virtual reality. The task force has been set up with the aim of making the country a global leader in Industry 4.0.

"With this mission and goal, the workforce will work for one month, adopt the best practices of the world, get opinions from the experts and reach out to the Ministry within a month with concrete plans and points of action," the secretary said. Also sharing details on another workforce, he said that the second sector is the reduction in export promotion and imports, which include a focus on key manufacturing locations and improving our quality standards, design and technology and packaging. These things are being done to improve the economic situation in the country.

News7trends | Sep 24, 2020

Govt forms five task forces to make Indian MSMEs future-ready: Secretary

The federal government has constituted 5 activity forces to make India’s micro, small and medium enterprises future-ready and formulate a concrete technique in the direction of making the nation a number one exporter, a high authorities official mentioned on Thursday.

MSME secretary A Ok Sharma expressed confidence that it will be on the trail of implementing the futuristic initiatives by the beginning of subsequent yr.

“Now we have shaped 5 ministerial activity forces which might be headed by our key officers. These 5 activity forces would work for a month in 5 key areas the place we really feel that the business of the nation and notably the MSME sector ought to head in the direction of,” Sharma mentioned at a digital session organised by FICCI.

He added that one of many 5 areas recognized is Trade 4.0, together with parts like synthetic intelligence, 3D and digital actuality, and this activity pressure has been shaped with the target of creating India a world chief in Trade 4.0.

“With this mission and goal, the duty pressure would work for a month, get one of the best practices of the world, get the inputs of consultants and are available again to the ministry with concrete technique and motion factors inside a month,” the secretary mentioned.

Sharing particulars on the opposite activity forces, he mentioned the second space is export promotion and import discount, together with the way to focus in the important thing manufacturing areas, the way to enhance our high quality requirements, designs and know-how, packaging.

The ultimate goal is to see that India turns into a world manufacturing hub and a number one exporter on the planet.

The third is the way to re-engineer vertically and horizontally our present cluster schemes in order that they can help the grass-root and the micro-level enterprises in addition to the high-end enterprises, Sharma mentioned.

The secretary mentioned the fourth activity pressure will concentrate on the way to combine our know-how centres.

The fifth activity pressure will discover interventions to align varied modernisation schemes like ZED (zero defect and 0 impact) and LEAN (for manufacturing competitiveness), in addition to different schemes associated to design, mental property rights and advertising and marketing scheme.

By the start of subsequent yr, we’d be on the trail of implementing these futuristic initiatives, the secretary mentioned.

While News | Sep 24, 2020

Govt varieties 5 process forces to make Indian MSMEs future-ready: Secretary

The federal government has constituted 5 process forces to make India’s micro, small and medium enterprises future-ready and formulate a concrete technique in direction of making the nation a number one exporter, a prime authorities official stated on Thursday.

MSME secretary A Okay Sharma expressed confidence that it might be on the trail of implementing the futuristic initiatives by the beginning of subsequent 12 months.

“We’ve shaped 5 ministerial process forces which will likely be headed by our key officers. These 5 process forces would work for a month in 5 key areas the place we really feel that the business of the nation and notably the MSME sector ought to head in direction of,” Sharma stated at a digital session organised by FICCI.

He added that one of many 5 areas recognized is Business 4.0, together with parts like synthetic intelligence, 3D and digital actuality, and this process power has been shaped with the target of constructing India a worldwide chief in Business 4.0.

“With this mission and goal, the duty power would work for a month, get one of the best practices of the world, get the inputs of consultants and are available again to the ministry with concrete technique and motion factors inside a month,” the secretary stated.

Sharing particulars on the opposite process forces, he stated the second space is export promotion and import discount, together with easy methods to focus in the important thing manufacturing areas, easy methods to enhance our high quality requirements, designs and expertise, packaging.

The ultimate goal is to see that India turns into a worldwide manufacturing hub and a number one exporter on the earth.

The third is easy methods to re-engineer vertically and horizontally our current cluster schemes in order that they’re able to help the grass-root and the micro-level enterprises in addition to the high-end enterprises, Sharma stated.

The secretary stated the fourth process power will deal with easy methods to combine our expertise centres.

The fifth process power will discover interventions to align varied modernisation schemes like ZED (zero defect and nil impact) and LEAN (for manufacturing competitiveness), in addition to different schemes associated to design, mental property rights and advertising scheme.

By the start of subsequent 12 months, we’d be on the trail of implementing these futuristic initiatives, the secretary stated.

Digital Poker | Sep 24, 2020

Govt forms five task forces to make Indian MSMEs ‘Future-ready’ and formulate plan on Exports

The authorities has constituted 5 activity forces to make India’s micro, small and medium enterprises future-ready and formulate a concrete technique in the direction of making the nation a number one exporter, a prime authorities official stated on Thursday. MSME Secretary A Okay Sharma expressed confidence that it will be on the trail of implementing the futuristic initiatives by the beginning of subsequent yr.

“We have formed five ministerial task forces which will be headed by our key officers. These five task forces would work for a month in five key areas where we feel that the industry of the country and particularly the MSME sector should head towards,” Sharma stated at a digital session organised by FICCI. He added that one of many 5 areas recognized is Industry 4.0, together with parts like synthetic intelligence, 3D and digital actuality, and this activity drive has been shaped with the target of creating India a worldwide chief in Industry 4.0.

“With this mission and objective, the task force would work for a month, get the best practices of the world, get the inputs of experts and come back to the ministry with concrete strategy and action points within a month,” the secretary stated. Sharing particulars on the opposite activity forces, he stated the second space is export promotion and import discount, together with how to focus in the important thing manufacturing areas, how to enhance our high quality requirements, designs and expertise, packaging. The ultimate goal is to see that India turns into a worldwide manufacturing hub and a number one exporter on the earth.

The third is how to re-engineer vertically and horizontally our current cluster schemes in order that they’re ready to help the grass-root and the micro-level enterprises in addition to the high-end enterprises, Sharma stated. The Secretary stated the fourth activity drive will focus on how to combine our expertise centres.

The fifth activity drive will discover interventions to align varied modernisation schemes like ZED (zero defect and zero impact) and LEAN (for manufacturing competitiveness), in addition to different schemes associated to design, mental property rights and advertising and marketing scheme. of subsequent yr, we’d be on the trail of implementing these futuristic initiatives, the secretary stated.

Financial Express | Sep 24, 2020

Govt forms five task forces to make Indian MSMEs future-ready: Secy

These five task forces would work for a month in five key areas where we feel that the industry of the country and particularly the MSME sector should head towards," MSME Secretary A K Sharma said at a virtual session organised by FICCI.

The government has constituted five task forces to make India’s micro, small and medium enterprises future-ready and formulate a concrete strategy towards making the country a leading exporter, a top government official said on Thursday.

MSME Secretary A K Sharma expressed confidence that it would be on the path of implementing the futuristic initiatives by the start of next year.

The final objective is to see that India becomes a global manufacturing hub and a leading exporter in the world.

The Secretary said the fourth task force will focus on how to integrate our technology centres.

By the beginning of next year, we would be on the path of implementing these futuristic initiatives, the secretary said.

Business Standard | Sep 24, 2020

Govt forms five task forces to make Indian MSMEs future-ready: Secy

MSME Secretary A K Sharma expressed confidence that it would be on the path of implementing the futuristic initiatives by the start of next year.

The final objective is to see that India becomes a global manufacturing hub and a leading exporter in the world.

The Secretary said the fourth task force will focus on how to integrate our technology centres.

By the beginning of next year, we would be on the path of implementing these futuristic initiatives, the secretary said.

Outlook | Sep 24, 2020

Govt forms five task forces to make Indian MSMEs future-ready: Secy

MSME Secretary A K Sharma expressed confidence that it would be on the path of implementing the futuristic initiatives by the start of next year.

The final objective is to see that India becomes a global manufacturing hub and a leading exporter in the world.

The Secretary said the fourth task force will focus on how to integrate our technology centres.

By the beginning of next year, we would be on the path of implementing these futuristic initiatives, the secretary said.

Devdiscourse | Sep 24, 2020

Govt forms five task forces to make Indian MSMEs future-ready: Secy

The government has constituted five task forces to make India's micro, small and medium enterprises future-ready and formulate a concrete strategy towards making the country a leading exporter, a top government official said on Thursday. MSME Secretary A K Sharma expressed confidence that it would be on the path of implementing the futuristic initiatives by the start of next year. "We have formed five ministerial task forces which will be headed by our key officers. These five task forces would work for a month in five key areas where we feel that the industry of the country and particularly the MSME sector should head towards," Sharma said at a virtual session organised by FICCI.

He added that one of the five areas identified is Industry 4.0, including elements like artificial intelligence, 3D and virtual reality, and this task force has been formed with the objective of making India a global leader in Industry 4.0. "With this mission and objective, the task force would work for a month, get the best practices of the world, get the inputs of experts and come back to the ministry with concrete strategy and action points within a month," the secretary said. Sharing details on the other task forces, he said the second area is export promotion and import reduction, including how to focus in the key manufacturing areas, how to improve our quality standards, designs and technology, packaging.

The final objective is to see that India becomes a global manufacturing hub and a leading exporter in the world. The third is how to re-engineer vertically and horizontally our existing cluster schemes so that they are able to assist the grass-root and the micro-level enterprises as well as the high-end enterprises, Sharma said.

The Secretary said the fourth task force will focus on how to integrate our technology centres. The fifth task force will explore interventions to align various modernisation schemes like ZED (zero defect and zero effect) and LEAN (for manufacturing competitiveness), as well as other schemes related to design, intellectual property rights and marketing scheme.

By the beginning of next year, we would be on the path of implementing these futuristic initiatives, the secretary said..

Latest Talks | Sep 24, 2020

Govt forms five task forces to make Indian MSMEs future-ready: Secretary

MSME secretary A K Sharma expressed confidence that it would be on the path of implementing the futuristic initiatives by the start of next year.

The final objective is to see that India becomes a global manufacturing hub and a leading exporter in the world.

The secretary said the fourth task force will focus on how to integrate our technology centres.

By the beginning of next year, we would be on the path of implementing these futuristic initiatives, the secretary said.

Business Standard | Aug 11, 2020

Centre may allow cooperative banks to lend under Emergency Credit Line

As the Emergency Credit Line Guarantee Scheme, specially formed for MSMEs, progresses, the government is considering allowing cooperative banks to lend under it too.

Addressing a webinar at the 'FICCI-SBI Atmanirbhar MSME Virtual Conclave', Micro, Small and Medium Industries Minister Nitin Gadkari said that the government is discussing the matter with the Reserve Bank of India (RBI).

"Cooperative banks that are not included as a member lending institutions under the Emergency Credit Line Guarantee Scheme (ECLGS) will be included as lenders for MSMEs, under a scheme being discussed in consultation with the RBI," a FICCI statement quoted Gadkari as saying.

He also urged the states to release payments due to MSMEs within 45 days, as "this will help bring liquidity, which will accelerate the economic growth of the country".

Gadkari emphasised that special focus towards export enhancement is the need of the hour, and there is also a need to focus on import substitution to replace imports with domestic production.

He also urged the industry to identify the sectors heavily reliant on imports, particularly from China, and look for substitutes towards indigenous production to make India self-reliant.

Gadkari also said that the government aims to increase MSMEs' contribution to the GDP to 50 per cent and in share of exports to 60 per cent, which would help the sector create 5 crore jobs in the next five years.

"The government is formulating a special policy to generate employment in the rural areas and aims to increase the turnover of village industries and encourage medium scale units such as ago and food processing industries, handloom, and handicrafts," he said.

State Bank of India Chairman Rajnish Kumar said that the advancement of digital technology has revolutionised the process of lending to MSMEs as the availability of data and technology in the form of analytics has made it easier to automate lending decisions to the sector.

"We will be using the digital platform in a big way for lending," he said.

Deccan Herald | Aug 11, 2020

MSME units in Karnataka grab 3.4% of ECLGS funds

Business Today | Aug 11, 2020

SBI Chairman Rajnish Kumar hints Rs 10,000 crore MSME Fund of Funds will be operational soon

Talking about various steps taken to help MSMEs, he said banks have announced an emergency credit line for such businesses to improve their liquidity which has been hit by the outbreak of COVID-19. Another liquidity enhancement measure was through support by way of a subordinated debt which was guaranteed by the government for the troubled MSMEs, he said.

"Fund of funds, which I presume would also get operationalised very soon. So these take care from the point of view of finance," he said at a virtual event organised by FICCI. Finance Minister Nirmala Sitharaman in May had announced the Fund of Funds (FOF) will help MSMEs with growth potential and viability even as they face severe shortage of equity.

Moreover, the fund will be operated through a Mother Fund and a few daughter funds to enable MSMEs expand in size and capacity and would also encourage them to list on the main board of stock exchanges, she had said. The FOF scheme is intended to help those businesses who are in their nascent and initial stages, where there are almost no prospects to raise funds through the help of professional corporations or venture capitalists. The scheme proposes to buy up to 15 per cent growth capital in high credit MSMEs.

Speaking about other initiatives of the bank, the SBI chairman said the bank recently launched a gold loan scheme for MSMEs and sanctioned Rs 88 crore under this product within one month. "In a way it is monetization on the ideal gold at least for businesses...safety of your jewellery we are ensuring you don't have to even pay locker and this product has received very good traction and we are planning to further build up this product," he added.

Business World | Aug 11, 2020

Cooperative banks likely to be included as lenders under ECLGS Scheme; Govt. aims to increase MSMEs' contribution to 50% of GDP

Mr Nitin Gadkari, Minister of MSME and Road Transport and Highways & Shipping, Govt of India, today said, “Cooperative banks that are not included as a member lending institution under the Emergency Credit Line Guarantee Scheme (ECLGS) will be included as lenders for MSMEs, under a scheme being discussed in consultation with the RBI.”

Addressing a webinar on ‘FICCI-SBI Atmanirbhar MSME Virtual Conclave’, Mr Gadkari urged the states to release payments due to micro, small and medium enterprises (MSMEs) within 45 days. “This will help bring liquidity, which will accelerate the economic growth of the country,” he said.

The minister emphasised that special focus towards export enhancement is the need of the hour, and there is also a need to focus on import substitution to replace imports with domestic production. He further urged the industry to identify the sectors heavily reliant on imports, particularly from China, and look for substitutes towards indigenous production to make India Atma Nirbhar.

He added that the government aims to increase MSMEs’ contribution to 50% of GDP and share of exports to 60% which help the sector create 50 million jobs in the next five years. Mr Gadkari said, “The government is formulating a special policy to generate employment in the rural areas and aims to increase the turnover of village industries and encourage medium scale units such as ago and food processing industries, handloom, and handicrafts.”

Mr Jagadish Shettar, Minister of Medium & Large-Scale Industries, Govt of Karnataka said, “The new Industrial policy of the Karnataka State Government for 2020-25 will be pro-industry and aligned with reshaped reforms.” Highlighting that Karnataka is a conducive place for industries to grow, he said that the state provides the right infrastructure support across industries, and the reforms by the government of India will provide the much-needed support to the MSME sector.

“Home to several industry specific SEZs and innovation parks, Karnataka also provides the right kind of infrastructural support, across industries. A robust supply chain network ensures resources are never a problem. The cluster-based development approach unveiled by the state would give much needed economies of scale for companies who would like to invest in selected sector. The FMCG cluster, the defence cluster etc are going to have great impact in the industrial development of the state” said Mr Shettar.

We are hopeful that the state policies along with the series of historic measures brought out by the Government of India would help the industry and particularly the MSME sector with several important support schemes. The Atma Nirbhar schemes have brought back the much needed momentum to the manufacturing process and we are certain that in the coming period as we come out of the current crisis, the economy would be able to bounce back with robust growth and momentum.

Mr Rajnish Kumar, Chairman, State Bank of India, said, “The advancement of digital technology has revolutionised the process of lending to MSMEs as the availability of data and technology in the form of analytics has made it easier to automate lending decisions to the sector, which until now posed challenges.” We will be using the digital platform in a big way for lending, he added.

Mr Kumar said, “To provide Rs 50,000 crore equity support to stressed MSME units, a Fund of Funds is formed as a part of Rs 20.97 lakh crore Aatmanirbhar Bharat Abhiyan package and this scheme will be operational soon.”

Speaking about the various steps taken to help MSMEs, he said SBI announced an emergency credit line for MSMEs to improve their liquidity which has been hit by the outbreak of COVID-19.The SBI chairman said the bank recently launched a gold loan scheme for MSMEs and sanctioned Rs 88 crore under this product within one month.

Mr Uday Shankar Sr Vice President FICCI said, “We are heartened by the fact that Mr Nitin Gadkari has committed to increasing the share of the MSME sector to 50% in India’s GDP.” He also requested the Minister to allow the smaller cinema halls to function with 50% occupancy and urged for a special support package to develop import substitution units targeting the MSME sector.

Mr Ullas Kamath, Chairman, FICCI Karnataka State Council and Joint Managing Director of Jyothi Labs Ltd said that the industrial policy of Karnataka announced recently has unique and liberal measures which will investors easy access to land and infrastructure for investments.

He said that the much-awaited policy has several unique and innovative features which will lead to next level of Investment and growth in the state of Karnataka. He observed that with the turnover based incentives system proposed in the new policy, will help to attract more investments from the MSME sector.

Several pro-active measures taken by the government of Karnataka in the recent past; particularly the amendment of Land reforms act, the labour act, and the Karnataka Industries (Amendment) act are helpful to augment substantial investments.

KNN | Aug 11, 2020

Rs 10,000 cr Funds of Funds will be operational soon: SBI Chairman

To provide Rs 50,000 crore equity support to stressed Micro, Small and Medium Enterprises (MSME) units, a Fund of Funds is formed as a part of Rs 20.97 lakh crore Aatmanirbhar Bharat Abhiyan package expected to get operational soon, said Rajnish Kumar, Chairman, State Bank of India (SBI).

He said this while speaking at a virtual event organised by FICCI on Monday.

The SBI Chairman also said that the advancement of digital technology has revolutionized the process of lending to MSMEs as the availability of data and technology in the form of analytics has made it easier to automate lending decisions to the sector, which until now posed challenges.

"We will be using the digital platform in a big way for lending,'' he added.

Speaking about the various steps taken to help MSMEs, he said SBI announced an emergency credit line for MSMEs to improve their liquidity which has been hit by the outbreak of COVID-19.

The SBI chairman also said that the bank recently launched a gold loan scheme for MSMEs and sanctioned Rs 88 crore under this product within one month.

The objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with growth potential at a time when they are facing severe shortage of equity and low revenues.

Finance Minister Nirmala Sitharaman in May had announced the Fund of Funds (FOF) will help MSMEs with growth potential and viability even as they face severe shortage of equity.

SME Times | Aug 11, 2020

Govt, RBI discussing on allowing co-op banks to lend under ECLGS

As the Emergency Credit Line Guarantee Scheme, specially formed for MSMEs, progresses, the government is considering allowing cooperative banks to lend under it too.

He also urged the states to release payments due to MSMEs within 45 days, as "this will help bring liquidity, which will accelerate the economic growth of the country".

Gadkari emphasised that special focus towards export enhancement is the need of the hour, and there is also a need to focus on import substitution to replace imports with domestic production.

He also urged the industry to identify the sectors heavily reliant on imports, particularly from China, and look for substitutes towards indigenous production to make India self-reliant.

"We will be using the digital platform in a big way for lending," he said.

Business Insider | Aug 11, 2020

Government likely to allow cooperative banks to lend under Emergency Credit Line

Buziness Bytes | Aug 11, 2020

Centre may allow cooperative banks to lend under ECLGS

As the Emergency Credit Line Guarantee Scheme, specially formed for MSMEs, progresses, the government is considering allowing cooperative banks to lend under it too.

Addressing a webinar at the ‘FICCI-SBI Atmanirbhar MSME Virtual Conclave’, Micro, Small and Medium Industries Minister Nitin Gadkari said that the government is discussing the matter with the Reserve Bank of India (RBI).

“Cooperative banks that are not included as a member lending institutions under the Emergency Credit Line Guarantee Scheme (ECLGS) will be included as lenders for MSMEs, under a scheme being discussed in consultation with the RBI,” a FICCI statement quoted Gadkari as saying.

He also urged the states to release payments due to MSMEs within 45 days, as “this will help bring liquidity, which will accelerate the economic growth of the country”.

Gadkari emphasised that special focus towards export enhancement is the need of the hour, and there is also a need to focus on import substitution to replace imports with domestic production.

He also urged the industry to identify the sectors heavily reliant on imports, particularly from China, and look for substitutes towards indigenous production to make India self-reliant.

The Statesman | Aug 11, 2020

Centre may allow cooperative banks to lend under ECLGS

As the Emergency Credit Line Guarantee Scheme, specially formed for MSMEs, progresses, the government is considering allowing cooperative banks to lend under it too.

He also urged the states to release payments due to MSMEs within 45 days, as “this will help bring liquidity, which will accelerate the economic growth of the country”.

Gadkari emphasised that special focus towards export enhancement is the need of the hour, and there is also a need to focus on import substitution to replace imports with domestic production.

He also urged the industry to identify the sectors heavily reliant on imports, particularly from China, and look for substitutes towards indigenous production to make India self-reliant.

Gadkari also said that the government aims to increase MSMEs’ contribution to the GDP to 50 per cent and in share of exports to 60 per cent, which would help the sector create 5 crore jobs in the next five years.

“The government is formulating a special policy to generate employment in the rural areas and aims to increase the turnover of village industries and encourage medium scale units such as ago and food processing industries, handloom, and handicrafts,” he said.

“We will be using the digital platform in a big way for lending,” he said.

CNBC TV18 | Aug 10, 2020

Gadkari urges Amazon to help MSMEs; seeks Rs 5 lakh crore export push over next 2 years

MSME Minister Nitin Gadkari on Monday said the government is engaging with global e-commerce giant Amazon to increase the export of goods made by the industry to Rs 5 lakh crores in two years.

“Ten days back I had a video conference with Amazon, and their export from Indian MSME is Rs 60,000 crores. I requested them to make it Rs 5 lakh crores within 2 years,” the minister said while addressing the SBI-FICCI AtmaNirbhar MSME Conclave this afternoon.

“Our first priority is getting investments in the MSME sector,” Nitin Gadkari said, adding that the various schemes announced under government’s Atama Nirbhar Bharat package have brought a lot of relief for the industry already.

“Almost Rs 1.20 lakh crores disbursement has taken place under the Emergency Credit Line Guarantee Scheme (ECLGS) so far,” he said.

Uday Shankar, Senior Vice President of FICCI and Asia Pacific President of The Walt Disney Company, raised an issue about co-operative banks not being allowed to participate under the Rs 3 lakh crore MSME credit guarantee scheme. Shankar said a lot of MSMEs raise funds from co-operative banks who are not listed as lenders under the scheme. To this, the MSME Minister said co-operative banks were not included as lender institutions under ECLGS due to dual regulation and supervision issues, but the Finance Ministry was already in the process of collecting data from them to consider their inclusion.

Speaking about the issue of delayed payments to the micro, small and medium enterprises (MSME) industry, Gadkari said the government has now given orders to all public undertakings to ensure they clear such dues within 45 days' time.

“MSME sector has received its due share in the government’s Rs 20 lakh crore Atma Nirbhar Bharat package,” noted Rajnish Kumar, Chairman of State Bank of India, adding that the bank has been at the forefront of lending to MSMEs. “The old way of lending is undergoing a big change,” Kumar said, noting that banks are using digital technology in a big way to lend now. The SBI Chairman said that the bank has placed officers in charge of specific geographies across its 90 zones in the country to specifically focus on this sector.

State Bank of India is the largest lender under the government’s ECLGS and has sanctioned over Rs 21,000 crores of loans under the scheme so far. Rajnish Kumar added that SBI has had a history of lending to small businesses that have now become large corporations and would continue to support MSMEs.

CNBC TV18 | Aug 10, 2020

SBI Chairman: Rs 10,000 cr Fund of Funds for MSMEs to be operational soon

The objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with growth potential at a time when they are facing severe shortage of equity and low revenues. Talking about various steps taken to help MSMEs, he said banks have announced an emergency credit line for such businesses to improve their liquidity which has been hit by the outbreak of COVID-19.

Another liquidity enhancement measure was through support by way of a subordinated debt which was guaranteed by the government for the troubled MSMEs, he said. "Fund of funds, which I presume would also get operationalised very soon. So these take care from the point of view of finance," he said at a virtual event organised by FICCI.

Finance Minister Nirmala Sitharaman in May had announced the Fund of Funds (FOF) will help MSMEs with growth potential and viability even as they face severe shortage of equity. Moreover, the fund will be operated through a Mother Fund and a few daughter funds to enable MSMEs expand in size and capacity and would also encourage them to list on the main board of stock exchanges, she had said.

The FOF scheme is intended to help those businesses who are in their nascent and initial stages, where there are almost no prospects to raise funds through the help of professional corporations or venture capitalists. The scheme proposes to buy up to 15 percent growth capital in high credit MSMEs.

Speaking about other initiatives of the bank, the SBI chairman said the bank recently launched a gold loan scheme for MSMEs and sanctioned Rs 88 crore under this product within one month.

"In a way it is monetization on the ideal gold at least for businesses...safety of your jewellery we are ensuring you don't have to even pay locker and this product has received very good traction and we are planning to further build up this product," he added.

India TV | Aug 10, 2020

Rs 10,000 crore Fund of Funds for MSMEs to be operational soon: SBI Chairman

Talking about various steps taken to help MSMEs, he said banks have announced an emergency credit line for such businesses to improve their liquidity which has been hit by the outbreak of COVID-19.

Another liquidity enhancement measure was through support by way of a subordinated debt which was guaranteed by the government for the troubled MSMEs, he said.

"Fund of funds, which I presume would also get operationalised very soon. So these take care from the point of view of finance," he said at a virtual event organised by FICCI.

Finance Minister Nirmala Sitharaman in May had announced the Fund of Funds (FOF) will help MSMEs with growth potential and viability even as they face severe shortage of equity.

Speaking about other initiatives of the bank, the SBI chairman said the bank recently launched a gold loan scheme for MSMEs and sanctioned Rs 88 crore under this product within one month.

Zee Business | Aug 10, 2020

Rs 10,000 cr Fund of Funds for MSMEs to be operational soon: SBI Chairman

The objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with growth potential at a time when they are facing severe shortage of equity and low revenues.

Talking about various steps taken to help MSMEs, he said banks have announced an emergency credit line for such businesses to improve their liquidity which has been hit by the outbreak of COVID-19.

Another liquidity enhancement measure was through support by way of a subordinated debt which was guaranteed by the government for the troubled MSMEs, he said.

"Fund of funds, which I presume would also get operationalised very soon. So these take care from the point of view of finance," he said at a virtual event organised by FICCI.

Finance Minister Nirmala Sitharaman in May had announced the Fund of Funds (FOF) will help MSMEs with growth potential and viability even as they face severe shortage of equity.

Speaking about other initiatives of the bank, the SBI chairman said the bank recently launched a gold loan scheme for MSMEs and sanctioned Rs 88 crore under this product within one month.

"In a way it is monetization on the ideal gold at least for businesses...Safety of your jewellery we are ensuring you don't have to even pay locker and this product has received very good traction and we are planning to further build up this product," he added.

Deccan Herald | Aug 10, 2020

Working on idea of land bank, social microfinance institution to help small businesses: Nitin Gadkari

Union Minister Nitin Gadkari on Monday said the government is working on the idea of a land bank and a social microfinance institution to help people run small shops and businesses.

Addressing a virtual MSME conclave organised by the FICCI Karnataka State Council, the minister also said there is a need to think on how India can increase exports and reduce import dependence.

Speaking about Chinese exports, Gadkari said 30 per cent of the entire global manufacturing is based in China and there are 10 major export categories that comprise 70 per cent of its overall exports, including fields like electrical machinery and equipment.

"Now, this is the time...we should identify which are the fields where we can make import substitution, how we can develop the MSMEs and the industry by which we can take advantage of the economic situation in the world," said Gadkari, who is also the road transport and highways minister.

During the webinar, the minister suggested that to make India a super economic power, "we have to think in the direction of how to increase exports from areas like agriculture, agro processing industries, handloom, handicraft, khadi and village industries".

The minister told the participants that "we are working on the idea of a land bank and social microfinance institution which will be very helpful for entrepreneurs and persons who want to run small shops and businesses".

While discussing the Atmanirbhar Bharat Abhiyan as envisaged by Prime Minister Narendra Modi, he said handloom, handicrafts, khadi industries and agro-based industries should be encouraged, especially in 115 aspirational districts. "We will have to plan special policies for agricultural, rural and tribal sector because they have huge potential of creating employment."

Gadkari further said loans of about Rs 1,20,000 crore have been disbursed to MSMEs out of the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS).

Quoting from a letter by Finance Minister Nirmala Sitharaman, Gadkari said she has explained that due to dual regulation and supervision, cooperative banks are currently not included as a member lending institution under ECLGS.

"However, data regarding their financial position is being collected from scheduled state cooperative banks and urban cooperative banks for considering their inclusion as a member lending institution under the scheme in consultation with RBI depending upon the availability of headroom under the scheme," Sitharaman said in the letter, as quoted by Gadkari.

Gadkari said he feels headroom should not be a problem as disbursement of just Rs 1.20 lakh crore has taken place till now out of Rs 3 lakh crore.

"So, I don't feel (there is) a problem of availability of headroom under the scheme. So, this is under consideration and I am expecting that the finance minister will take appropriate decision as early as possible," he said.

Announced as part of the Rs 20-lakh crore government economic package to tackle the impact of COVID-19, the Rs 3 lakh crore MSME credit guarantee scheme was titled ECLGS.

He also expressed confidence that recent steps taken by the government to give relief to MSMEs will "accelerate the wheel of economy", and urged all chief ministers to issue directions for clearing MSME dues by their ministries/departments and public sector units on priority.

Further, he asked all the stakeholders to do away with all kinds of fear and negativity and assured that the government is doing everything possible to make the country a super economic power.

Outlook | Aug 10, 2020

Rs 10,000 cr Fund of Funds for MSMEs to be operational soon: SBI Chairman

To provide Rs 50,000 crore equity support to stressed MSME units, a Fund of Funds announced as part of the Rs 20.97 lakh crore Aatmanirbhar Bharat Abhiyan package is expected to get operation soon, State Bank of India Chairman Rajnish Kumar said on Monday. The objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with growth potential at a time when they are facing severe shortage of equity and low revenues. Talking about various steps taken to help MSMEs, he said banks have announced an emergency credit line for such businesses to improve their liquidity which has been hit by the outbreak of COVID-19. Another liquidity enhancement measure was through support by way of a subordinated debt which was guaranteed by the government for the troubled MSMEs, he said. "Fund of funds, which I presume would also get operationalised very soon. So these take care from the point of view of finance," he said at a virtual event organised by FICCI. Finance Minister Nirmala Sitharaman in May had announced the Fund of Funds (FOF) will help MSMEs with growth potential and viability even as they face severe shortage of equity. Moreover, the fund will be operated through a Mother Fund and a few daughter funds to enable MSMEs expand in size and capacity and would also encourage them to list on the main board of stock exchanges, she had said. The FOF scheme is intended to help those businesses who are in their nascent and initial stages, where there are almost no prospects to raise funds through the help of professional corporations or venture capitalists. The scheme proposes to buy up to 15 per cent growth capital in high credit MSMEs. Speaking about other initiatives of the bank, the SBI chairman said the bank recently launched a gold loan scheme for MSMEs and sanctioned Rs 88 crore under this product within one month. "In a way it is monetization on the ideal gold at least for businesses...safety of your jewellery we are ensuring you don't have to even pay locker and this product has received very good traction and we are planning to further build up this product," he added.

AIR News | Aug 10, 2020

Recent steps taken by govt to give relief to MSMEs will accelerate wheel of economy: Nitin Gadkari

Minister of Micro, Small and Medium Enterprises, MSME, Nitin Gadkari has said that the recent steps taken by the government to give relief to MSMEs will accelerate the wheel of economy.

He said, changing the definition of MSMEs, Scheme of Fund of Funds, Champions portal, extended credits to MSMEs will certainly accelerate the economy which had slowed down due to lockdown in the wake of Pandemic.

Addressing a Virtual MSME Conclave organized by FICCI, Mr Gadkari said, loans of about one lakh 20 thousand crore rupees have been disbursed to MSMEs out of three lakh crore rupees announced in the relief package.

He said that instructions have been given to all Ministries, Departments and PSUs to clear pending bills of MSMEs within 45 days.

The Minister also urged all Chief Ministers to issue directions for clearing MSME dues by their State and Union Territories on priority.

Northeast Today | Aug 10, 2020

Rs 10,000 crore Fund of Funds for MSMEs to be operational soon: SBI Chairman

Talking about various steps taken to help MSMEs, he said banks have announced an emergency credit line for such businesses to improve their liquidity which has been hit by the outbreak of COVID-19.

Another liquidity enhancement measure was through support by way of a subordinated debt which was guaranteed by the government for the troubled MSMEs, he said.

“Fund of funds, which I presume would also get operationalised very soon. So these take care from the point of view of finance,” he said at a virtual event organised by FICCI.

Finance Minister Nirmala Sitharaman in May had announced the Fund of Funds (FOF) will help MSMEs with growth potential and viability even as they face severe shortage of equity.

Speaking about other initiatives of the bank, the SBI chairman said the bank recently launched a gold loan scheme for MSMEs and sanctioned Rs 88 crore under this product within one month.

“In a way it is monetization on the ideal gold at least for businesses…safety of your jewellery we are ensuring you don’t have to even pay locker and this product has received very good traction and we are planning to further build up this product,” he added.

SME Street | Aug 10, 2020

Govt willing towards boosting MSMEs' role in economic recovery path: Nitin Gadkari

Shri Nitin Gadkari Union Minister for Micro, Small and Medium Enterprises said that the changing the definition of MSMEs, Scheme of Fund of Funds, Champions portal, extended credits to MSMEs will certainly accelerate the wheels of economy which had slowed down due to lockdown in the wake of Pandemic. He said this today while addressing a Virtual MSME Conclave organized by FICCI Karnataka State Council. He appealed to all the stakeholders to do away with all kinds of fear and negativity and assured that government is doing everything possible to make the country a super economic power.

Shri Gadkari further informed that loans of about Rs. 1,20,000 crore have been disbursed to MSMEs out of Rs. 3 lakh crore announced in the relief package.

Discussing about the problem of delayed payments, he said that instructions have been given to all Ministries, Departments and PSUs to clear pending bills of MSMEs within 45 days. He also urged all Chief Ministers to issue directions for clearing MSME dues by their State/UT Ministries/Deptts and PSUs on priority. The Minister added that we are closely monitoring the complaints lodged at SAMADHAN Portal also.

The Minister informed the participants of the webinar that we are working on the idea of a Land Bank and Social Micro Finance Institution which will be very helpful for entrepreneurs and persons who want to run small shops and businesses.

While discussing Atmanirbhar Bharat Abhiyan as envisaged by Prime Minister, he said that handloom, handicrafts, khadi industries and agro-based industries should be encouraged especially in 115 aspirational districts. We will have to plan special policies for agricultural, rural and tribal sector because they have huge potential of creating employment.

Minister from Karnatak Government Shri Jagdish Shettar, SBI Chairman and members/representatives of FICCI participated in the webinar.

KNN | Aug 10, 2020

Gadkari urges all state CMs & PSUs to clear pending dues of MSMEs

Union Minister of Micro, Small and Medium Enterprises, Nitin Gadkari on Monday urged all Chief Ministers to direct officials concerned and departments to clear pending dues of MSME by their state, Union Territories (UT) and Public Sector Undertakings (PSUs) at earliest.

While addressing a Virtual MSME Conclave organized by FICCI Karnataka State Council, Gadkari said,'' instructions have been given to all Ministries, Departments and PSUs to clear pending bills of MSMEs within 45 days.''

The Minister added that we are closely monitoring the complaints lodged at SAMADHAN Portal also.

Lauding the various initiatives taken by the government such as changing the definition of MSMEs, Scheme of Fund of Funds, Champions portal, extended credits to MSMEs, the Minister said that it would certainly accelerate the wheels of economy which had slowed down due to lockdown in the wake of Pandemic.

He also appealed to all the stakeholders to do away with all kinds of fear and negativity and assured that the government is doing everything possible to make the country a super economic power.

''Loans of about Rs. 1,20,000 crore have been disbursed to MSMEs out of Rs 3 lakh crore announced in the relief package,'' Gadkari informed.

''We are working on the idea of a land bank and social micro finance institution which will be very helpful for entrepreneurs and persons who want to run small shops and businesses,'' he avowed.

While discussing Atmanirbhar Bharat Abhiyan as envisaged by the Prime Minister, he said that handloom, handicrafts, khadi industries and agro-based industries should be encouraged especially in 115 aspirational districts.

We will have to plan special policies for the agricultural, rural and tribal sector because they have huge potential of creating employment, he said.

Meanwhile, addressing the Bhartiya Udyog Vyapar Mandal on 39th Rashtriya Vyapari Diwas via video conference today, Gadkari said that experts have predicted that the Centre and state govts may face a budget deficit of Rs 10 lakh crore.

The minister said that investors across the world realise that India can provide the best returns to them and added that when foreign investments come in, it will also help improve the job situation in the country.

''The situation can only get better when people’s purchasing power increases. ‘Like if a farmer does not have money then how will he buy a motorcycle, how will he use petrol or spend on hotel or a restaurant, or buy new clothes. So, capital should reach the poor people,’ Gadkari added.

News Bharati | Aug 10, 2020

'Rs 1.2 Lakh Crore disbursed to MSMEs from relief package' says Nitin Gadkari

Union Minister for Micro, Small and Medium Enterprises Nitin Gadkari said that the changing the definition of MSMEs, Scheme of Fund of Funds, Champions portal, extended credits to MSMEs will certainly accelerate the wheels of economy which had slowed down due to lockdown in the wake of the coronavirus pandemic. He said this today while addressing a Virtual MSME Conclave organized by FICCI Karnataka State Council.

Appealing to all the stakeholders to do away with all kinds of fear and negativity, the Minister assured that the government is doing everything possible to make the country a super economic power. He further informed that loans of about Rs. 1,20,000 crore have been disbursed to MSMEs out of Rs. 3 lakh crore announced in the relief package.

In May, the Union Cabinet had approved additional funding of up to ₹3 lakh crore to micro, small and medium enterprises (MSME) that was announced by Finance Minister Nirmala Sitharaman as part of the ₹20 lakh crore economic package.

Discussing the problem of delayed payments, he said that instructions have been given to all Ministries, Departments, and PSUs to clear pending bills of MSMEs within 45 days. He also urged all Chief Ministers to issue directions for clearing MSME dues by their State/UT Ministries/Deptts and PSUs on priority. The Minister added that we are closely monitoring the complaints lodged at SAMADHAN Portal also.

While discussing Atmanirbhar Bharat Abhiyan as envisaged by Prime Minister, he said that handloom, handicrafts, khadi industries, and agro-based industries should be encouraged especially in 115 aspirational districts. We will have to plan special policies for the agricultural, rural, and tribal sectors because they have a huge potential for creating employment.

Minister from Karnataka Government Jagdish Shettar, SBI Chairman, and members of FICCI participated in the webinar.

Indian Patrika | Aug 10, 2020

Fund of Funds for Rs 50,000 crore equity infusion in MSMEs to be operational soon: SBI's Rajnish Kumar

The Fund of Funds for MSMEs will be set-up with a corpus of Rs 10,000 crore.

Credit and Finance for MSMEs: The Fund of Funds announced by the Finance Minister Nirmala Sitharaman in May as part of the Atmanirbhar Bharat initiative to infuse Rs 50,000 equity in MSMEs is likely to be operationalised soon, according to State Bank of India (SBI) Chairman Rajnish Kumar. Highlighting the support offered by banks to help Covid-hit MSMEs recover, Kumar said, “one is the immediate help for improving the liquidity of MSMEs; second, about the unit (if) in trouble then support by way of subordinated debt which is guaranteed by the government and third is Fund of Funds which I presume would also get operationalised very soon.” He was addressing the virtual MSME Conclave on Monday organised FICCI Karnataka State Council.

The fund set-up with a corpus of Rs 10,000 crore was approved by the Cabinet in June along with the revision in the definition of MSMEs. The fund “will benefit over 25 lakh MSMEs under stress,” MSME Minister Nitin Gadkari had said in a statement in May. The fund is expected to encourage MSMEs to list on the main board of the stock exchanges with the equity infusion. Finance Minister Nirmala Sitharaman had announced Rs 3.7 lakh crore stimulus package in May that also included the Rs 3 lakh crore emergency credit scheme and Rs 20,000 crore subordinated debt for stressed MSMEs.

Hailing SBI’s support towards MSMEs during the Covid pandemic, Kumar said that “as far as MSME lending is concerned, we are at the forefront. When Covid happened, SBI was the first bank that immediately on the same day announced Covid emergency credit line which became the model for all other banks to adopt. Key element for the Covid credit line was that the delegation of financial power was given to all our local functionaries so that there are no hassles.”

Under the emergency credit scheme, which has already seen disbursal of over Rs 92k crore to more than 21.78 lakh MSME accounts, the maximum share of disbursement of more than Rs 16k crore is of SBI as of August 3, 2020, according to the data tweeted by Sitharaman’s office. In terms of the number of accounts disbursed, Canara Bank leads with nearly 3.60 lakh accounts followed by close to 3 lakh accounts disbursed by SBI.

Devdiscourse | Aug 10, 2020

Rs 10,000 cr Fund of Funds for MSMEs to be operational soon: SBI Chairman

Yahoo News | Aug 10, 2020

Rs 10,000 cr Fund of Funds for MSMEs to be operational soon: SBI Chairman

The objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with gr

Micro,Small and Medium Enterprises(MSME)

FICCI's Engagement

Team Leader

Hemant Seth

Timeline

Dec, 2022

FICCI-CMSME: Annual MSME Summit 2022- Pushing Sustainable MSME Growth in India and MSME Ecosystem Awards

Nov, 2022

Virtual SCO MSME Confluence: Marching towards Growth

Sep, 2022

FICCI-CMSME Eighth Annual General Meeting: Special Session with Shri B.B. Swain, Secretary, Ministry of MSME, Government of India

Jun, 2022

Vendor Interface Sessions on Public procurement and GeM (postponed)

Apr, 2022

Webinar on Taking Indian Products Global

Nov, 2021

India Mekong Networking Series- Fostering Textile Trade Across Borders

Sep, 2021

FICCI-CMSME Seventh Annual General Meeting

Aug, 2021

Enabling MSME Growth Through Financial Inclusion

India Mekong - SME Internationlization Program

Jul, 2021

Webinar on MSMEs Going Global: Apparel Exports to USA

Jun, 2021

Invitational Virtual Roundtable on Inclusive and Sustainable Recovery of Indian MSMEs on the occasion of International MSME Day-2021

Virtual Summit on Realizing Growth Aspirations of SMEs through Digitalization of R&D (postponed)

Virtual Summit on Realizing Growth Aspirations of SMEs through Digitalization of R&D

Oct, 2020

Online Launch Programme for Announcement of FICCI-CMSME & BAA Series of knowledge webinars for helping MSMEs Explore Global Market Opportunities

Sep, 2020

Special Session with Shri Arvind Kumar Sharma, Secretary, Ministry of MSME, Government of India & Launch of FICCI-CMSME CONNECT Portal

Jul, 2020

FICCI-CMSME-UNIDO Online Symposium on Reinvigorating MSMEs to Leverage the Domestic and Global Value Chains

Jun, 2020

FICCI-CMSME & EY Webinar on Facilitating MSMEs in Re-joining the Growth Path

May, 2020

FICCI-CMSME Online Training Session on Opening of Units amid CORONA Crisis: Implementation of MHA Guidelines

Apr, 2020

FICCI-CMSME Webinar on COVID 19 - Meeting Financial Needs of MSMEs

Webinar on Rewiring SME Business Model

Webinar on COVID 19 - Government Interventions for Revival & Survival of Indian MSMEs and Way Forward

Mar, 2020

Seminar on Facilitative Regime for MSMEs under IBC

Dec, 2019

Summit on MSME Ecosystem: Connecting Dots & Bridging Gaps

Sep, 2019

Session on GST for MSMEs: Decoding Latest Compliance Norms

Jun, 2019

FICCI Workshop on Trade Finance for MSMEs

Mar, 2019

Business Meeting with SME Delegation from Thailand

Feb, 2019

Technology Support and Outreach Programme

Stakeholders Consultation Meeting under National SC/ST Hub - Creating Ecosystem for SC/ST Entrepreneurs

Jan, 2019

Creating a Market and Developing a Supportive Ecosystem for the SC/ST Entrepreneurs: State Level Buyer Seller Meets in partnership with the Ministry of MSME

Sep, 2018

Session on Disruptive Technologies in MSME Sector

Jul, 2018

National Trade Conclave "Taking Khadi: Local to Global"

Jun, 2018

Marching towards Inclusivity: An initiative by FICCI Stakeholders Meet for Development and Promotion of SC/ST Entrepreneurs

Mar, 2018

Going Global through E-Commerce Marketplace

Interactive Workshop on Going Global through E-commerce Marketplace

Dec, 2017

FICCI signs MoU with Center for the Study of Caste and Capitalism (CSCC)

May, 2017

Launch of study: Exploring Potential of E-Commerce for Retail Exports of Indian MSMEs in Manufacturing Sector

Apr, 2017

India-Malaysia Business Forum

Sep, 2016

FICCI-CMSME 2nd Annual General Meeting 2016

MSME Summit 2016 'Propelling MSME Growth: Ways & Means'

Apr, 2016

FICCI-CMSME: Liability Insurance Workshop

Mar, 2016

Interactive Session with Mr. K K Jalan, Secretary, Ministry of Micro, Small and Medium Enterprises(MSME)

Dec, 2015