The document outlines short-term goals in four areas - finance, skill development, infrastructure, and certification & standards - to promote the 'Make in India' initiative for micro, small and medium enterprises (MSMEs) in India. The goals include promoting a trade receivables financing scheme for MSMEs, defining core skills for high-employment sectors, designating factory clusters near urban areas, and creating quality certification programs with support from the Bureau of Indian Standards and Quality Council of India.

1. FINANCE
• Promote RBI’s trade receivables
financing scheme for MSMEs
(TReDS)
• Cover payment risks arising only
from ‘factoring without recourse’ or
‘acquisition of receivables’ as
referred to in the Factoring Act
SKILL DEVELOPMENT LEGAL
• Introduce special dispensation for
revival and exit of MSMEs
• For revival, create provision for
financial assistance after requisite
approvals
• Define core skillset of blue
collared workers required for
high-employment generating
MSMEs
INFRASTRUCTURE
• Designate flatted factory clusters close to urban areas
with common support facilities (hard, soft)
• Facilitate groups of SMEs for joint land applications to
reduce burden of processing on state governments
CERTIFICATION &
STANDARDS
• Create appropriate programme for quality standards
and certification (both product and process) with BIS
and QCI support, and encourage adoption
Source: DIPP 'Make In India' workshop MSME, 2014 by Bain & Company;
MSME Annual Survey 2013-2014
Power2SME Editorial
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Short-Term Goals To Drive
MAKE IN INDIA Initiative