MSME Industrial Unit View at Ambatore Industrial Estate in Chennai.

MSME Industrial Unit View at Ambatore Industrial Estate in Chennai. | Photo Credit: Hindu

The economic survey presented on Friday (January 31, 2025) noted that micro, small and medium -sized businesses (MSMES) who hire 23.24 million people in the country face challenges in a regular environment , The economic survey presented on Friday (January 31, 2025) was noted.

He said, “The burden of regulatory compliance overcomes formal and labor productivity, restricts employment growth, prevents innovation and depression.”

MSME produces a large number of jobs at relatively low capital costs and therefore plays an important role, which is second after agriculture. They do economic growth, employment production and innovation.

Nevertheless, “India has a trend to stay small for firms.” Therefore, they lose access to institutional capital, skilled abilities, and technology infusion and often work beyond formal supply chains. The survey states that it creates a parallel, informal economy and contributes to low labor productivity.

“Often the logic of living is to be under the disciplinary radar and to clear the rules of labor and safety. Ironically, the biggest casualties are employment production and labor welfare, mostly rules and rules. Regulations were actually designed to encourage and protect, respectively.

In the last 10 years, the government’s efforts have been focused on improving access to MSME, enhancing technical capabilities, providing market links, and tackling structural challenges.

In a formal move to formal micro businesses, the government introduced the Adium Assist Platform (UAP) in 2023, in 2023. More than 2.39 million informal micro businesses have been formally made via platform.

Goa, TN instance

The launch of the TREDS is aimed at helping MSME realize its receipts on a relatively low financing cost. The governments of Goa and Tamil Nadu have set an example by adopting the Treds platform. Goa, which relies on large -scale tourism, took advantage of trades during interruptions in Covid 19 to increase supplier liquidity, supporting more than 250 MSME since October 2020, which With an invoice discount. Tamil Nadu joined the TRED in 2022 under the MSME Performance (RAMP) program increasing and sharpening program, which provided significant support to MSME.

To provide the Equality Fund to the MSME, with the ability to measure, the government launched the Self -dependent India (SRI) Fund with 000 50,000 crore carpus. The fund provides Rs 10,000 crore and Rs 40,000 crore from the government through private equity/venture capital funds.

The government has introduced MSME Samadhan and Champions (the creation and harmony of modern processes to increase output and national power) portal, and a portal, and a portal that individual CPSE. , Provides information about the central ministries, state governments and other buyers. Payment with them in relation to MSMES. The portal also facilitates MSE to file its delayed payment complaints online. From the date of the launch of the MSME Samadhan Portal, 2.2 lakh applications have been filed by MSES, of which 20,652 have been mutually determined.

The government is also implementing micro and small enterprises cluster development program (MSE-CDP) across the country. Under this, joint facility centers (CFC) are designed to solve common issues, such as improvement of technology, skills, quality, etc., MSECDP diagnostic study through the National Production Council According to the report, the scheme has been acquired. The value of the units in the cluster managed to improve China’s performance, resulting in an increase in production capacity of 10-15 % and increased business at a range of 20-30 %.



Source link