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MSME Ministry refocuses schemes to support small enterprises: Official

Press Trust of India  |  New Delhi 

The Micro, Ministry has re-oriented its various schemes to support small businesses and would roll them out very soon, a said Friday.

"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," in the MSME Ministry, Ram Mohan Mishra, said at an conference here.

He said that 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.

"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 enterprises live with social enterprises," he stated.

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.

Mishra also said that can reclaim its position of being major global exporter provided all businesses be it big, medium, small and enterprises work collectively, become more efficient and productive.

He said that while has started networks like Udyam Saathi and Udyam Sakhi to help out small businesses, industry chambers need to play a more significant role to spread awareness to institutionalise these help lines.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 12 2018. 19:45 IST
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