MSME Ministry to concentrate on re-orientation of existing schemes to support small businesses
New Delhi, Oct 15 (KNN) Re-orientation of various schemes by the Micro, Small and Medium Enterprises Ministry will be soon done to support small businesses, said Ram Mohan Mishra, Additional Secretary in the MSME Ministry.
He said this while recently addressing at an Assocham conference.
Mishra quoted, "So we have re-oriented our schemes and very soon we will roll them out one by one and in this entire ecosystem we should invest, co-invest together."
He added that through its schemes, the government is committed to boosting capacity of MSME industry in order to reduce the load on big entrepreneurs.
While risk comes from various factors like governance, lack of logistics, dearth of proper technology, improper design and packaging, de-risking businesses and value chains are the most important thing, he said.
He mentioned, "We have set up a social enterprise division, which is not to promote charity alone, that is also needed, but to build up this coalition so that micro enterprises live with social enterprises."
India can reclaim its position of being major global exporter provided all businesses be it big, medium, small and micro enterprises work collectively, become more efficient and productive, Mishra said.
He said that industry chambers need to play a more significant role to spread awareness to institutionalize these helplines, as the MSME Ministry has started networks like Udyam Saathi and Udyam Sakhi to help out small businesses