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08/01/2021 02:17pm

Institute of Chartered Accountants of India launched 100 facilitation centers & mentorships for MSMEs

image ICAI, MSME, Om Birla, Speaker, Lok Sabha, facilitation centre

New Delhi, Jan 8 (KNN) The Institute of Chartered Accountants of India (ICAI) on Friday launched MSME Mentorship Programme and 100 facilitation centre for MSME/GST during the National Conclave on “Empowering MSMEs towards Aatmaniarbhar Bharat” to make them globally competitive.

With the growth of Indian economy and employment generation capabilities, the Micro, Small and Medium Enterprises (MSMEs) are considered to be the backbone of the national economic structure. As on date, the MSME sector accounts for nearly half of India’s total exports. This sector is rightfully being seen as a growth booster, providing resilience to ward off global economic adversities on account of the pandemic.

''The MSME Sector is an important pillar to carry forward the vision of ‘Atmanirbhar Bharat’ and face the economic challenge posed by COVID-19 pandemic,'' ICAI said in a statement.

With a strong ICAI network of 164 branches and 5 Regional Council and over 3 lakh members community, ICAI intends to reach out to MSME across the county to offer them a supporting hand in terms of policy and guidance.

As partner in nation building, ICAI during the Conclave launched following initiatives to support and assist MSME in reaching out to the benefit and schemes provided by the government.

Chief Guest on the occasion Om Birla, Speaker, Lok Sabha while addressing the conclave said “MSMEs is the important pillar of the Indian economy and accounts for manufacturing of more than 45 per cent of the country's products and 40 per cent of export respectively. India has over 3.2 crore. MSMEs which provide employment to 7 crore people.”

Applauding the efforts of ICAI he further added “ICAI in its existence of more than 7 decades has always been known for upholding the virtues of Accountability, Integrity and Transparency in every sphere of the country's economic system. Chartered Accountants play a prominent role in functioning of MSME sectors by providing them quality consultancy and policy guidance. Therefore this Mentorship programme for the MSME sector is an important initiative that will help boost the development of this sector and will help MSMEs to reach out to various governments. Initiatives. The Facilitation Centres being opened by ICAI will provide guidance and assistance to MSMEs that will help MSMEs to grow.”

“Chartered Accountants are the true partner in nation building and have played a very important role as a Corona warrior of this country for the economy. ICAI is working 24*7 to become a catalyst for socio economic reforms towards Aatmaniarbhar Bharat, 5 trillion dollar economy and to provide support to various Government Initiatives,” said CA. Atul Kumar Gupta, President, ICAI addressing the members.

He further added, “Today ICAI is launching one of the largest initiatives in the country to support MSME. CAs will mentor & adopt at least 1 Lakh MSME units in the next 1 year on pro bono basis to guide MSMEs to overcome the crisis caused by COVID-19 pandemic and become net exporter in next 1-2 Years. In addition to this MSME mentorship programme, ICAI is also starting 100 plus facilitation centres across India through its branches on a pro bono basis free of cost to guide MSMEs on various aspects of economy, like GST, revival of MSMSs and more.”

According to the statement, ICAI has also offered its global platform of 37 Chapters and 26 representative offices spread across 43 countries for Indian MSMEs to gain export market access through ICAI global presence. This network can be utilised by Indian MSMEs for gaining export market access. On its part, the Government can support through organisation of exhibitions, B2B meetings, networking meets for MSMEs to gain exposure and seize opportunities.

CA. Nihar N Jambusaria, Vice-President, ICAI while delivering vote of thanks said,''This MSMEs support programme will also be carryout in a systematic manner and MSMEs would be mentored in various areas, like raising funds, reaching out to government scheme and rebooting to contribute towards economy.``

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