UNLOCK ECONOMIC GROWTH BY EMPOWERING THE DEVELOPING BUSINESSES
Key Objectives: MVW-MSME Development Centre
- The Development Centre shall under- take strategic initiatives to inform, consult, mentor, and provide timely assistance for the growth of its Subscribers.
- The primary mission of the Development Centre is to enable innovation, adopt global best practices, accelerate skill development, and boost overall business efficiency to become globally competitive and investment-ready.
- The Development Centre shall work in line with the vision of GOI to support MSMEs in India by the intervention of Subject Matter Experts towards Ease of Doing Business.
- Currently, Maharashtra, Tamil Nadu, Bihar, Uttar Pradesh and Madhya Pradesh accounts for 60% of the total registered MSMEs in India. The Develop- ment Centre will spread its wings to pan-Indian states across the length and breadth of the country.
- The Development Centre is backed by industry leaders and professionals from different industries, thereby being able to cater to the varied needs of an MSME regarding production, finance, supply-chain, joint-venture, mergers, raising capital etc.
Key Advantages: MVW-MSME Dewelopment Centre
1. Mentor the Indian MSMEs.
- Enable MSMEs to become globally
- Transfer Knowledge on newer technologies for growth
- Exemplify corporate best
- Become a catalyst in GOI’s Vision in Ease of Doing Business.
- Influence and communicate with over 10K Indian
- Explore Multi-industries strategic business
- Leverage association with MBFI across 28 Indian States
- Communicate in over 20 Indian
- Women Entrepreneurial Handholding and Training
- Communicate and engage with media across all India
- Communicate and engage with media across 125
- Opportunities for Joint-Ventures or Mergers
- Opportunities to raise capital from domestics or
- Customized services in line with the
Indian MSMEs are known for producing better-quality products.
A robust credit provisioning with more straightforward compliance frameworks backed by technology upgrades will succeed in #rebootinginda.
Overview –
As per the recent GOI report by the Ministry of Micro, Small and Medium Enterprises, MSMEs contributed to 30.27% of All India GDP in FY 2019-20.
In the Union Budget 2021, the Government announced Funds worth INR 10,000 Crores (US $1.36 billion) for the Guarantee Emergency Credit Line (GECL) facility to eligible MSME Borrowers giving a significant boost to the sector.
According to CII and EY report, India can attract foreign direct investments (FDI) of US$ 120-160 billion per year by 2025. Over the past 10 years, the country witnessed a 6.8% rise in GDP, with FDI increasing to GDP at 1.8%. With effect from July 1, 2020, as per the latest redefinition
a micro enterprise is reclassified as one in which the plant and machinery investment does not exceed one crore rupees, and turnover does not exceed five crores.
- a small enterprise would be that in which investment shouldn’t exceed ten crores with turnover up to fifty crores.
- in a medium enterprise, the investment should not exceed Rs 50 crore with a turnover at Rs 250 crore.
Union finance minister Nirmala Sitharaman stated that this new classification was being made under the ‘Atmanirbhar Bharat Abhiyaan’ Economic Package to assuage India’s economic predicament amidst the pandemic.
Under this scheme, the government has decided to provide Rs 3 lakh crores in collateral-free automatic loans to MSMEs aimed at providing additional working capital to existing customers of banks and NBFCs.
World Bank announced a US $750 million budget support to 15 crore MSMEs to increase liquidity access for viable small businesses impacted by COVID-19.
Employing over 11 crore workers, MSMEs contribute 29% of India’s GDP and comprise almost half of its exports. While there are about 90.19 lakh registered MSMEs, there may be more than 6.33 crore MSMEs out of which 6.30 crore or 99.4% are micro-enterprises while 0.52% — 3.31 lakh are medium and 0.007% — 5,000 are medium enterprises.
If you wish to know more about how the Development Centre can help you grow your venture, please send your requirements along with your company profile to:
E: mvwdevelopmentrecentre@gmail.com
Rachana Chowdhary
Chief Executive – MVW-MSME Development Centre
(M): +91-9619776084 | Skype: rachana.chowdhary1 | E: rachana@mediavalueworks.com
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