Lucknow, Aug 23 (KNN) The Small Industries Development Bank of India (SIDBI) in association with Indian Institute of Management (IIM) Lucknow has started a new programme to address the emerging need of young Micro and Small Enterprises (MSEs) for exponential growth of their business.

The programme was earlier initiated on a pilot basis and now it has a potential to be replicated by other institutions of national repute. IIM under the aegis of SIDBI conducted the successful Management Development Programme (MDP) for young MSE entrepreneurs at their prestigious campus, according to a statement.

The two-week residential programme which was sponsored by SIDBI was attended by entrepreneurs from across the country. The programme was conducted to bridge the gap between academic knowledge and problem-solving techniques with special focus on the MSE sector.

Mohammad Mustafa, Chairman and Managing Director, SIDBI said, “We have designed the programme especially for enterprises who have already crossed the enterprise creation stage. The programme will help the entrepreneurs to strengthen their enterprise so that they can spearhead their business in emerging and competitive globalized environment. We intend to institutionalize such MDPs and widen the outreach to more and more MSEs. Our aim is to cover 300 MSEs per year under this programme.”

The MDP was conducted as interactive classroom format and the contents included case studies, role play and project discussions. The program covered key aspects of management namely, production management, project management, financial management, marketing management, management of stakeholders, human resource management, Government e-Marketplace, Goods and Services Tax (GST), legal aspects, ease of credit to inspiring leadership and innovation, strategy and economics of business.

The program is designed for first line of leadership in an organization who are the change makers and decision makers. The program has been customized in consultation with MSE representatives and follows the true spirit of “By the MSE and for the MSE”.

The participants came from different domains in the manufacturing and services sector and they were nominated by public sector banks.

The programme has been highly appreciated by MSE participants and they believed that it gave them a platform where they were able to exchange their ideas, experiences and knowledge, the statement said.

For more information, please visit:  https://www.sidbi.in/

(KNN Bureau)