International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
An Overview of MSME Sector in India with Special Reference to the State of Ut...ijtsrd
MSMEs, considered as "Engines of Growth" are crucial for the economy of developing countries like India due to its potential of creating vast employment opportunities. This Sector has caught the attention of policy makers as it is labour intensive and has the potential of reducing the problem of regional imbalances, ensure financial independence of rural people and assist in sustainable development. The Micro, Small and Medium Enterprises in India is being largely viewed as vital to the economic growth of the country in the 21st century. The present paper will focus on existing scenario and trends of MSME in India. This paper studies the current status of MSME sector in India, its performance, various initiatives taken by the government to accelerate the growth of this sector, as well as the problems faced by the MSMEs in Indian economy. Additionally, this paper dedicates one section to the MSMEs sector in the state of Uttarakhand. The State of Uttarakhand is facing the dire problem of intense migration of people from the hilly terrain particularly due to lack of employment opportunities in the rural areas of Uttarakhand and Uttarakhand badly needs sustainable and inclusive industrial growth of all sub regions of the state. Hence, this paper also analyses the status of MSMEs in the state of Uttarakhand and outlines the problems faced and also recommends the measures that should be taken to promote this sector. The study is a review which was conducted with the help of secondary data retrieved from MSME Annual Reports, other government reports, newspapers and research papers. Simranjeet Kaur Virk | Pinnacci Negi "An Overview of MSME Sector in India with Special Reference to the State of Uttarakhand" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-2 , February 2019, URL: https://www.ijtsrd.com/papers/ijtsrd21520.pdf
Paper URL: https://www.ijtsrd.com/management/public-sector-management/21520/an-overview-of-msme-sector-in-india-with-special-reference-to-the-state-of-uttarakhand/simranjeet-kaur-virk
Growth and Future Prospects of MSME in IndiaIJAEMSJORNAL
This document summarizes a research paper on the growth and future prospects of micro, small, and medium enterprises (MSMEs) in India. Some key points:
1) MSMEs play a vital role in the Indian economy, contributing about 45% of manufacturing output, 40% of exports, and creating employment for around 70 million people.
2) Over the past decades, the number of MSMEs, employment, investment, and output have grown significantly at compound annual growth rates of 11-18%.
3) However, MSMEs face challenges such as lack of access to finance, low productivity, and technology issues that have hindered faster growth.
4) The Indian government has
1. The document discusses the Micro, Small and Medium Enterprises (MSME) sector in India, including its definition, role, performance, government policies, and problems.
2. It notes that MSMEs contribute significantly to India's GDP, exports, manufacturing output, and employment. However, they also face problems like access to finance, technology, and markets.
3. The government has implemented various policies and programs to promote the MSME sector through improved access to credit, infrastructure, and skills training. However, challenges remain around access to new technologies and markets for MSMEs.
MSMEs role in driving the make in india initiativeSeilan Anbu
The document discusses the important role that Micro, Small, and Medium Enterprises (MSMEs) play in driving India's "Make in India" initiative, contributing approximately 45% of manufacturing output, 40% of exports, and employing over 36 million people. MSMEs promote balanced regional development, generate most non-farm jobs, and contribute to sustainable development. The government supports MSMEs through various programs and policies to strengthen the sector and help realize the growth opportunities it presents.
A Feasibility Report of doing Blue Pottery business in IndiaACCA Global
This document provides an overview of opportunities for investing in India's pottery industry. It discusses India's growing economy and why it is an attractive place to invest, noting its fast economic growth, vibrant economy, favorable demographics, rising consumption, and balanced markets. It then describes a proposed venture called Artisans Blue Pottery Project, which aims to capitalize on growth opportunities in India's pottery industry by establishing a blue pottery production facility that will employ local artisans. The document analyzes the relevant political, legal, economic, trade, cultural, and business environments to assess factors that could influence the venture's success.
Growth of Micro, Small and Medium Enterprises in Manipurinventionjournals
Economic development and industrial development is considered as synonym and entrepreneurs play a major role in industrial development. Micro, Small and Medium Enterprises (MSMEs) extend to the necessary support and compliment to the beneficial effects of industrialization. Entrepreneurship is an important segment of economic growth and micro, small and medium enterprises play a key role in the industrialization of a state. It will also leads to economic development creating vast employment opportunities, redistribution of economic power and income, raising the standard of living for the people and also leads to reduction of regional imbalances, disparities in income, wealth and consumption etc. Manipur has got many areas of strength and opportunities that can raise the state into a developed state with the help of entrepreneurship and micro, small and medium enterprises are an important segment of the economy contributing substantially in the form of production, employment and exports. Numbers of registered industrial units fluctuates each year and this paper attempt to study the level of growth of these enterprises in the state. This paper also attempts to highlight the strength and weaknesses with the overview growth of micro, small and medium enterprises in Manipur.
Difficulties Small Business Face Due to Marekt Conditionsijtsrd
Micro, Small and Medium Enterprise (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country. The researcher has tried to find out the possible difficulties that small enterprises face in the market. The reasons behind the failure of maximum small enterprises in Indian market. The market policies which effect such businesses and also the steps taken by the government to relief the small market enterprises. Some of the important policies have been discussed in the paper introduced by the government or which already exists. The researcher has tried to give solutions to solve such problems incurred by the SME'. The researcher has tried to find the existing governmental policies which will ease in doing business and also provide suggestions to solve the problems being faced by such business organisations. Arihant Agrawal"Difficulties Small Business Face Due to Marekt Conditions" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-5 , August 2018, URL: http://www.ijtsrd.com/papers/ijtsrd17022.pdf http://www.ijtsrd.com/management/operations-management/17022/difficulties-small-business-face-due-to-marekt-conditions/arihant-agrawal
The Indian MSME sector is the backbone of the national economic structure and has unremittingly acted as the bulwark for the Indian economy, providing it resilience to ward off global economic shocks and adversities. With around 48.8 million units throughout the geographical expanse of the country, MSMEs contribute around 7% of the manufacturing GDP and 31% of the GDP from service activities as well as 37% of India s manufacturing output and 40% of the overall exports.
An Overview of MSME Sector in India with Special Reference to the State of Ut...ijtsrd
MSMEs, considered as "Engines of Growth" are crucial for the economy of developing countries like India due to its potential of creating vast employment opportunities. This Sector has caught the attention of policy makers as it is labour intensive and has the potential of reducing the problem of regional imbalances, ensure financial independence of rural people and assist in sustainable development. The Micro, Small and Medium Enterprises in India is being largely viewed as vital to the economic growth of the country in the 21st century. The present paper will focus on existing scenario and trends of MSME in India. This paper studies the current status of MSME sector in India, its performance, various initiatives taken by the government to accelerate the growth of this sector, as well as the problems faced by the MSMEs in Indian economy. Additionally, this paper dedicates one section to the MSMEs sector in the state of Uttarakhand. The State of Uttarakhand is facing the dire problem of intense migration of people from the hilly terrain particularly due to lack of employment opportunities in the rural areas of Uttarakhand and Uttarakhand badly needs sustainable and inclusive industrial growth of all sub regions of the state. Hence, this paper also analyses the status of MSMEs in the state of Uttarakhand and outlines the problems faced and also recommends the measures that should be taken to promote this sector. The study is a review which was conducted with the help of secondary data retrieved from MSME Annual Reports, other government reports, newspapers and research papers. Simranjeet Kaur Virk | Pinnacci Negi "An Overview of MSME Sector in India with Special Reference to the State of Uttarakhand" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-2 , February 2019, URL: https://www.ijtsrd.com/papers/ijtsrd21520.pdf
Paper URL: https://www.ijtsrd.com/management/public-sector-management/21520/an-overview-of-msme-sector-in-india-with-special-reference-to-the-state-of-uttarakhand/simranjeet-kaur-virk
Growth and Future Prospects of MSME in IndiaIJAEMSJORNAL
This document summarizes a research paper on the growth and future prospects of micro, small, and medium enterprises (MSMEs) in India. Some key points:
1) MSMEs play a vital role in the Indian economy, contributing about 45% of manufacturing output, 40% of exports, and creating employment for around 70 million people.
2) Over the past decades, the number of MSMEs, employment, investment, and output have grown significantly at compound annual growth rates of 11-18%.
3) However, MSMEs face challenges such as lack of access to finance, low productivity, and technology issues that have hindered faster growth.
4) The Indian government has
1. The document discusses the Micro, Small and Medium Enterprises (MSME) sector in India, including its definition, role, performance, government policies, and problems.
2. It notes that MSMEs contribute significantly to India's GDP, exports, manufacturing output, and employment. However, they also face problems like access to finance, technology, and markets.
3. The government has implemented various policies and programs to promote the MSME sector through improved access to credit, infrastructure, and skills training. However, challenges remain around access to new technologies and markets for MSMEs.
MSMEs role in driving the make in india initiativeSeilan Anbu
The document discusses the important role that Micro, Small, and Medium Enterprises (MSMEs) play in driving India's "Make in India" initiative, contributing approximately 45% of manufacturing output, 40% of exports, and employing over 36 million people. MSMEs promote balanced regional development, generate most non-farm jobs, and contribute to sustainable development. The government supports MSMEs through various programs and policies to strengthen the sector and help realize the growth opportunities it presents.
A Feasibility Report of doing Blue Pottery business in IndiaACCA Global
This document provides an overview of opportunities for investing in India's pottery industry. It discusses India's growing economy and why it is an attractive place to invest, noting its fast economic growth, vibrant economy, favorable demographics, rising consumption, and balanced markets. It then describes a proposed venture called Artisans Blue Pottery Project, which aims to capitalize on growth opportunities in India's pottery industry by establishing a blue pottery production facility that will employ local artisans. The document analyzes the relevant political, legal, economic, trade, cultural, and business environments to assess factors that could influence the venture's success.
Growth of Micro, Small and Medium Enterprises in Manipurinventionjournals
Economic development and industrial development is considered as synonym and entrepreneurs play a major role in industrial development. Micro, Small and Medium Enterprises (MSMEs) extend to the necessary support and compliment to the beneficial effects of industrialization. Entrepreneurship is an important segment of economic growth and micro, small and medium enterprises play a key role in the industrialization of a state. It will also leads to economic development creating vast employment opportunities, redistribution of economic power and income, raising the standard of living for the people and also leads to reduction of regional imbalances, disparities in income, wealth and consumption etc. Manipur has got many areas of strength and opportunities that can raise the state into a developed state with the help of entrepreneurship and micro, small and medium enterprises are an important segment of the economy contributing substantially in the form of production, employment and exports. Numbers of registered industrial units fluctuates each year and this paper attempt to study the level of growth of these enterprises in the state. This paper also attempts to highlight the strength and weaknesses with the overview growth of micro, small and medium enterprises in Manipur.
Difficulties Small Business Face Due to Marekt Conditionsijtsrd
Micro, Small and Medium Enterprise (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country. The researcher has tried to find out the possible difficulties that small enterprises face in the market. The reasons behind the failure of maximum small enterprises in Indian market. The market policies which effect such businesses and also the steps taken by the government to relief the small market enterprises. Some of the important policies have been discussed in the paper introduced by the government or which already exists. The researcher has tried to give solutions to solve such problems incurred by the SME'. The researcher has tried to find the existing governmental policies which will ease in doing business and also provide suggestions to solve the problems being faced by such business organisations. Arihant Agrawal"Difficulties Small Business Face Due to Marekt Conditions" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-5 , August 2018, URL: http://www.ijtsrd.com/papers/ijtsrd17022.pdf http://www.ijtsrd.com/management/operations-management/17022/difficulties-small-business-face-due-to-marekt-conditions/arihant-agrawal
The Indian MSME sector is the backbone of the national economic structure and has unremittingly acted as the bulwark for the Indian economy, providing it resilience to ward off global economic shocks and adversities. With around 48.8 million units throughout the geographical expanse of the country, MSMEs contribute around 7% of the manufacturing GDP and 31% of the GDP from service activities as well as 37% of India s manufacturing output and 40% of the overall exports.
The document discusses entrepreneurship in India, noting there are ample small business opportunities but support is needed from the government and society. It outlines various government organizations that promote industries and entrepreneurship through training and funding. These include groups at the national, state, and local levels. The document also discusses industry associations that help entrepreneurs and steer policy, as well as development organizations that provide training and support for new businesses. It concludes that increasing entrepreneurship is key to fighting unemployment and poverty in India.
Empowering MSMEs through financing and linkagesMisbah Hussain
This reports aims to help the MSME sector, especially in
east and north-eastern parts of the country, better
understand the challenges and devise strategies accordinglyto deal with the odds.
Themicro, small and medium Enterprises (MSMEs) are the growth accelerators of the Indian economy and for promoting equitable development. The MSME contributes about 30% of the country’s gross domestic product (GDP). In terms of exports, they are an integral part of the supply chain and contribute about 40% of the overall exports.Micro Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country. The study aims to analyse the sustainability and success of MSME in India
The document discusses Micro, Small and Medium Enterprises (MSMEs) in India. It notes that MSMEs play a crucial role in the Indian economy by providing employment, promoting industrialization in rural areas, and contributing to socioeconomic development. MSMEs account for a significant portion of India's manufacturing output, exports, and employment. The Micro, Small and Medium Enterprises Development Act of 2006 aims to facilitate the promotion and development of MSMEs in India. MSMEs are classified based on investment levels, and registration provides various benefits.
This document summarizes a research paper on micro, small, and medium enterprises (MSMEs) in India. It begins with definitions of MSMEs according to the Indian government, which categorizes enterprises based on investments in plant and machinery or equipment. It then discusses the economic importance of MSMEs in India, noting they employ over 80 million people and contribute significantly to GDP, exports, and capital formation. The document also outlines various government initiatives to support MSMEs and common problems they face accessing finance and other resources. Finally, it analyzes trends in bank financing for MSMEs in India over the past decade, finding an average 21.72% of total bank credit went to MSMEs from 2007 to 2014
Micro, Small and Medium Enterprises, Key Government Schemes and Initiatives to support MSMEs, Current Financing Landscape for MSMEs, Issues and Challenges for MSMEs
This document summarizes a research paper that examines the socio-enterprise profile of Dalit entrepreneurs in Tiruchirappalli district, Tamil Nadu, India. The paper finds that most Dalit entrepreneurs are male, under 35 years old, educated up to intermediate level, from the Pallan sub-caste, earn less than 1 lakh rupees annually, and have nuclear families of 4-5 members. Most enterprises are first-generation, interest-driven, registered, sole proprietorships located in residential areas with 1-5 lakhs invested. The majority are in the service sector with under 9 employees. The paper concludes that Dalit entrepreneurship can improve socio-economic conditions but faces challenges
A study on the role of small – scale industries in An emerging economy of Sr...Ragulan Rex
This document summarizes a study on the role of small-scale industries in Sri Lanka's emerging economy. It finds that small and medium enterprises (SMEs) make up the majority of industrial establishments in Sri Lanka and contribute significantly to employment, income generation, and regional development. The government of Sri Lanka recognizes SMEs as important for economic and social development through various policies and initiatives aimed at supporting the growth and competitiveness of SMEs. These include industrial parks, training programs, and clustering strategies to help SMEs address economic and social objectives as key contributors to realizing Sri Lanka's vision of becoming the "Wonder of Asia."
This document discusses challenges faced by small and medium enterprises (SMEs) in India in adopting enterprise resource planning (ERP) systems. SMEs are an important part of the Indian economy, contributing about 17% to GDP. However, adoption of IT and ERP systems among SMEs has been unsatisfactory. The document outlines issues that Indian SMEs face in ERP implementation such as lack of skills, resources, and infrastructure. It also discusses challenges SMEs face in areas like financing, skills, production capacity, and accessing global markets. ERP systems could help increase SME efficiency and productivity if implemented successfully despite these challenges.
Empowering MSMEs - Role of Banks & Financial Institutions, IT, Skill Developm...Resurgent India
MSMEs are nurseries for entrepreneurship, often driven by individual creativity and innovation, and make significant contribution to country’s GDP, manufacturing output, exports and employment generation. Moreover, MSMEs are imperative for achieving the national objective of growth with equity and inclusion.
The document discusses MSME registration and its benefits in India. Key points include:
1) MSMEs play a crucial role in employment generation and industrialization across India. The sector employs over 80 million people and contributes significantly to GDP, manufacturing output, and exports.
2) There are various benefits to registering as an MSME, including access to priority sector lending, collateral-free loans, and procurement quotas for government contracts.
3) The Ministry of MSME oversees various schemes to support the growth and development of MSMEs, such as credit guarantees, technology upgradation subsidies, and market development assistance.
Impact of Globalization on MSME Prospects, Challenges and Policy Implementati...ijtsrd
Globalisation is bound to impact every economic activity -the small scale sector is no exception. Along with that World Trade Organisation W.T.O agreements and negotiations have thrown up a variety of challenges. The disturbing factor is that most of the small units are unaware of these agreements and negotiations and have no idea as to how they are going to affect them. With a view to build the capacity of the Indian micro, small and medium manufacturing enterprises for overcoming competition in the global markets and facing challenges being posed by the entry of the multi nationals in the domestic markets Government of India GoI has taken various policy measures. The current paper focuses on the contribution of MSMEs, prospects and problems for MSMEs in this highly competitive global era. Micro, Small and Medium Enterprises MSME sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural and backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth, the process of globalization is an inevitable phenomenon in human history which has been bringing the world closer since the time of early trader and exploration through the exchange of goods, products, information, jobs, knowledge and culture. S. Chandra Sekhar | N. Radha "Impact of Globalization on MSME: Prospects, Challenges and Policy Implementation on Economic Growth" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-6 , October 2019, URL: https://www.ijtsrd.com/papers/ijtsrd29168.pdf Paper URL: https://www.ijtsrd.com/management/business-administration/29168/impact-of-globalization-on-msme-prospects-challenges-and-policy-implementation-on-economic-growth/s-chandra-sekhar
Introduction to small & Medium Enterprises (SMEs)Abir Hossain
Introduction
Definition of SMEs: Bangladesh Perspective
Definition of SMEs: International Perspective
Definition of SMEs in some selected countries: India, Japan, Korea, Malaysia, Thailand, China and Vietnam
Contribution of SMEs in Bangladesh Economy
Contribution of SMEs: International Experience
Major constraints of SME around the globe.
Conclusion
c.paramasivan Bank finance to priority sectors in tirunelveli district,chelliah paramasivan
1) The document discusses bank financing to priority sectors in Tirunelveli District of Tamil Nadu, focusing on lending in 2010-2011. It finds that agriculture received the highest financing from banks at 52.43% of total priority sector advances.
2) Micro and small enterprises received the second highest financing at 19.05%, followed by housing, education, microfinance, and retail trade. Cooperative banks allocated the largest portion of their lending to agriculture at 78.55%.
3) Nationalized banks provided over half (58.91%) of their priority sector advances to agriculture. Private banks allocated over half (54.56%) to agriculture as well. Regional rural banks allocated over 60%
The document discusses India's "Make in India" initiative launched by Prime Minister Modi to promote manufacturing in India. It aims to attract foreign and domestic investment in 25 key sectors by improving infrastructure, easing regulations, and developing workforce skills. The initiative seeks to address barriers that have hindered manufacturing growth such as regulatory hurdles, inadequate infrastructure, labor laws, and skills gap. While services have driven India's growth, the country needs to increase manufacturing to absorb its growing workforce and improve its trade deficit. Critics argue the initiative may not create sufficient jobs or value addition given infrastructure constraints and global economic conditions. Supporters counter that manufacturing is vital to drive broad economic growth through multiplier effects.
The document discusses the importance of Micro, Small and Medium Enterprises (MSMEs) for India's economic development and growth. Some key points:
1) MSMEs contribute significantly to India's GDP, exports, manufacturing output and employment. Their role in employment generation is especially important given India's large young population.
2) The government has taken several policy measures to promote the growth and competitiveness of MSMEs, including increasing planned allocations for the sector, the Make in India initiative, redefining MSME classifications, and frameworks for revival of sick MSMEs.
3) However, MSMEs still face challenges like access to finance, skilled labor shortages, and outdated technology.
Nurturing the Start-ups – for building economyResurgent India
The document discusses nurturing start-ups to build the Indian economy. It summarizes that MSMEs are a key driver of India's economic growth, providing employment and equitable development. However, MSMEs face challenges accessing financing due to their risk profile. The document calls for enabling policies to provide funding and support to help MSMEs realize their potential and further fuel India's economic growth.
The document discusses the progress and performance of micro, small, and medium enterprises (MSMEs) in India. It provides definitions and classifications of MSMEs according to the MSMED Act of 2006. MSMEs make up a large portion of total business in India, contributing about 45% of manufacturing output and 40% of exports. They are also a major employer, providing jobs to around 42 million people. However, most MSMEs are micro-enterprises, and many operate in a traditional manner. The document suggests that more support is needed to help micro-enterprises modernize and grow. Overall, it concludes that MSMEs have performed steadily and are important for India's sustainable development, though continued efforts are
The document discusses prototyping and provides examples of different types of prototypes including paper prototypes, digital prototypes, storyboards, role plays, and space prototypes. It explains that prototyping is used to make ideas tangible and test reactions from users in order to gain insights. Prototypes should be iterated on and fail early to push ideas further and save time and money. Both low and high fidelity prototypes are mentioned as ways to test ideas at different stages of the design process.
10 Insightful Quotes On Designing A Better Customer ExperienceYuan Wang
In an ever-changing landscape of one digital disruption after another, companies and organisations are looking for new ways to understand their target markets and engage them better. Increasingly they invest in user experience (UX) and customer experience design (CX) capabilities by working with a specialist UX agency or developing their own UX lab. Some UX practitioners are touting leaner and faster ways of developing customer-centric products and services, via methodologies such as guerilla research, rapid prototyping and Agile UX. Others seek innovation and fulfilment by spending more time in research, being more inclusive, and designing for social goods.
Experience is more than just an interface. It is a relationship, as well as a series of touch points between your brand and your customer. Here are our top 10 highlights and takeaways from the recent UX Australia conference to help you transform your customer experience design.
For full article, continue reading at https://yump.com.au/10-ways-supercharge-customer-experience-design/
The document discusses entrepreneurship in India, noting there are ample small business opportunities but support is needed from the government and society. It outlines various government organizations that promote industries and entrepreneurship through training and funding. These include groups at the national, state, and local levels. The document also discusses industry associations that help entrepreneurs and steer policy, as well as development organizations that provide training and support for new businesses. It concludes that increasing entrepreneurship is key to fighting unemployment and poverty in India.
Empowering MSMEs through financing and linkagesMisbah Hussain
This reports aims to help the MSME sector, especially in
east and north-eastern parts of the country, better
understand the challenges and devise strategies accordinglyto deal with the odds.
Themicro, small and medium Enterprises (MSMEs) are the growth accelerators of the Indian economy and for promoting equitable development. The MSME contributes about 30% of the country’s gross domestic product (GDP). In terms of exports, they are an integral part of the supply chain and contribute about 40% of the overall exports.Micro Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country. The study aims to analyse the sustainability and success of MSME in India
The document discusses Micro, Small and Medium Enterprises (MSMEs) in India. It notes that MSMEs play a crucial role in the Indian economy by providing employment, promoting industrialization in rural areas, and contributing to socioeconomic development. MSMEs account for a significant portion of India's manufacturing output, exports, and employment. The Micro, Small and Medium Enterprises Development Act of 2006 aims to facilitate the promotion and development of MSMEs in India. MSMEs are classified based on investment levels, and registration provides various benefits.
This document summarizes a research paper on micro, small, and medium enterprises (MSMEs) in India. It begins with definitions of MSMEs according to the Indian government, which categorizes enterprises based on investments in plant and machinery or equipment. It then discusses the economic importance of MSMEs in India, noting they employ over 80 million people and contribute significantly to GDP, exports, and capital formation. The document also outlines various government initiatives to support MSMEs and common problems they face accessing finance and other resources. Finally, it analyzes trends in bank financing for MSMEs in India over the past decade, finding an average 21.72% of total bank credit went to MSMEs from 2007 to 2014
Micro, Small and Medium Enterprises, Key Government Schemes and Initiatives to support MSMEs, Current Financing Landscape for MSMEs, Issues and Challenges for MSMEs
This document summarizes a research paper that examines the socio-enterprise profile of Dalit entrepreneurs in Tiruchirappalli district, Tamil Nadu, India. The paper finds that most Dalit entrepreneurs are male, under 35 years old, educated up to intermediate level, from the Pallan sub-caste, earn less than 1 lakh rupees annually, and have nuclear families of 4-5 members. Most enterprises are first-generation, interest-driven, registered, sole proprietorships located in residential areas with 1-5 lakhs invested. The majority are in the service sector with under 9 employees. The paper concludes that Dalit entrepreneurship can improve socio-economic conditions but faces challenges
A study on the role of small – scale industries in An emerging economy of Sr...Ragulan Rex
This document summarizes a study on the role of small-scale industries in Sri Lanka's emerging economy. It finds that small and medium enterprises (SMEs) make up the majority of industrial establishments in Sri Lanka and contribute significantly to employment, income generation, and regional development. The government of Sri Lanka recognizes SMEs as important for economic and social development through various policies and initiatives aimed at supporting the growth and competitiveness of SMEs. These include industrial parks, training programs, and clustering strategies to help SMEs address economic and social objectives as key contributors to realizing Sri Lanka's vision of becoming the "Wonder of Asia."
This document discusses challenges faced by small and medium enterprises (SMEs) in India in adopting enterprise resource planning (ERP) systems. SMEs are an important part of the Indian economy, contributing about 17% to GDP. However, adoption of IT and ERP systems among SMEs has been unsatisfactory. The document outlines issues that Indian SMEs face in ERP implementation such as lack of skills, resources, and infrastructure. It also discusses challenges SMEs face in areas like financing, skills, production capacity, and accessing global markets. ERP systems could help increase SME efficiency and productivity if implemented successfully despite these challenges.
Empowering MSMEs - Role of Banks & Financial Institutions, IT, Skill Developm...Resurgent India
MSMEs are nurseries for entrepreneurship, often driven by individual creativity and innovation, and make significant contribution to country’s GDP, manufacturing output, exports and employment generation. Moreover, MSMEs are imperative for achieving the national objective of growth with equity and inclusion.
The document discusses MSME registration and its benefits in India. Key points include:
1) MSMEs play a crucial role in employment generation and industrialization across India. The sector employs over 80 million people and contributes significantly to GDP, manufacturing output, and exports.
2) There are various benefits to registering as an MSME, including access to priority sector lending, collateral-free loans, and procurement quotas for government contracts.
3) The Ministry of MSME oversees various schemes to support the growth and development of MSMEs, such as credit guarantees, technology upgradation subsidies, and market development assistance.
Impact of Globalization on MSME Prospects, Challenges and Policy Implementati...ijtsrd
Globalisation is bound to impact every economic activity -the small scale sector is no exception. Along with that World Trade Organisation W.T.O agreements and negotiations have thrown up a variety of challenges. The disturbing factor is that most of the small units are unaware of these agreements and negotiations and have no idea as to how they are going to affect them. With a view to build the capacity of the Indian micro, small and medium manufacturing enterprises for overcoming competition in the global markets and facing challenges being posed by the entry of the multi nationals in the domestic markets Government of India GoI has taken various policy measures. The current paper focuses on the contribution of MSMEs, prospects and problems for MSMEs in this highly competitive global era. Micro, Small and Medium Enterprises MSME sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural and backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth, the process of globalization is an inevitable phenomenon in human history which has been bringing the world closer since the time of early trader and exploration through the exchange of goods, products, information, jobs, knowledge and culture. S. Chandra Sekhar | N. Radha "Impact of Globalization on MSME: Prospects, Challenges and Policy Implementation on Economic Growth" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-6 , October 2019, URL: https://www.ijtsrd.com/papers/ijtsrd29168.pdf Paper URL: https://www.ijtsrd.com/management/business-administration/29168/impact-of-globalization-on-msme-prospects-challenges-and-policy-implementation-on-economic-growth/s-chandra-sekhar
Introduction to small & Medium Enterprises (SMEs)Abir Hossain
Introduction
Definition of SMEs: Bangladesh Perspective
Definition of SMEs: International Perspective
Definition of SMEs in some selected countries: India, Japan, Korea, Malaysia, Thailand, China and Vietnam
Contribution of SMEs in Bangladesh Economy
Contribution of SMEs: International Experience
Major constraints of SME around the globe.
Conclusion
c.paramasivan Bank finance to priority sectors in tirunelveli district,chelliah paramasivan
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2) The government has taken several policy measures to promote the growth and competitiveness of MSMEs, including increasing planned allocations for the sector, the Make in India initiative, redefining MSME classifications, and frameworks for revival of sick MSMEs.
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The document discusses the progress and performance of micro, small, and medium enterprises (MSMEs) in India. It provides definitions and classifications of MSMEs according to the MSMED Act of 2006. MSMEs make up a large portion of total business in India, contributing about 45% of manufacturing output and 40% of exports. They are also a major employer, providing jobs to around 42 million people. However, most MSMEs are micro-enterprises, and many operate in a traditional manner. The document suggests that more support is needed to help micro-enterprises modernize and grow. Overall, it concludes that MSMEs have performed steadily and are important for India's sustainable development, though continued efforts are
The document discusses prototyping and provides examples of different types of prototypes including paper prototypes, digital prototypes, storyboards, role plays, and space prototypes. It explains that prototyping is used to make ideas tangible and test reactions from users in order to gain insights. Prototypes should be iterated on and fail early to push ideas further and save time and money. Both low and high fidelity prototypes are mentioned as ways to test ideas at different stages of the design process.
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The Prospects and Problems of MSMEs sector in India an Analytical studyinventionjournals
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The document discusses the sustainability and success of MSMEs in India. Some key points:
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- Data shows that the number of MSME units and people employed has increased over time, but their contribution to GDP and exports has slowly
Role of msme in indian economic developmentKushal Kumar
This document discusses the role of micro, small, and medium enterprises (MSMEs) in India's economic development. Some key points:
1) MSMEs are a major source of employment in India, providing millions of jobs and playing an important role in reducing poverty.
2) They account for about 45% of manufacturing output and 40% of exports in India. MSMEs employ over 60 million people across more than 26 million units.
3) The number of MSMEs, production, employment, exports, and investments have all steadily increased over the past few decades, demonstrating their significant contributions to India's economic growth.
'Make in India- Promoting entrepreneurship & Innovation' Resurgent India
India has natural advantages of a big labor pool and domestic market. It is critical for it to become a manufacturing powerhouse in order to gainfully employ its demographic dividend.
39 progress and performance of micro, small and medium enterprises in indiachelliah paramasivan
The document discusses the progress and performance of micro, small, and medium enterprises (MSMEs) in India. It provides definitions and classifications of MSMEs according to the MSMED Act of 2006. MSMEs make up a large portion of total business in India, contributing about 45% of manufacturing output and 40% of exports. They are also a major employer, providing jobs to around 42 million people. However, most MSMEs are micro-enterprises and many operate in a traditional manner. The document suggests that more support is needed to help micro-enterprises modernize and grow. Overall, it concludes that MSMEs have performed steadily and are important for India's sustainable development, though continued efforts are still
Progress and performance of micro, small and medium enterprises in indiaRAVICHANDIRANG
Micro, small and medium enterprises are powerful segment of the industrial development of a country. These sectors performed well with multidimensional aspects of the socio-economic aspects. Growth and progress of MSME in India is an emerging aspects which directly associated with the sustainable development in the country. This article is focused on the Progress and Performance of Micro, Small and Medium Enterprises in India with reference to MSME in of India.
Role and Impact of MSME's Sector in the Economic Development of OdishaRDinuRao
This document is a student project report on the role and impact of MSMEs in Odisha's economic development. It includes an introduction providing background on MSMEs in India and Odisha. The literature review covers past studies analyzing the growth of MSMEs in Odisha, challenges they face, and impact of policies. The objectives of the study are to assess MSMEs' current state, opportunities, and challenges and recommend interventions to support their growth. Key topics covered are defining MSMEs, Odisha's resources and industries, policies promoting MSMEs, and their contributions to employment and inclusive growth.
Progress and performance of micro, small and medium enterprises in indiachelliah paramasivan
1. The document discusses the progress and performance of micro, small, and medium enterprises (MSMEs) in India. It analyzes data on the types, activities, operations, and organization of MSMEs.
2. Most MSMEs are micro enterprises engaged in manufacturing, operate year-round as proprietorships or partnerships. MSMEs contribute significantly to manufacturing output, exports, and employment in India.
3. While MSMEs have performed well, most micro enterprises remain traditional and rural-based. The document suggests providing more support to micro enterprises and training for proprietary MSMEs to improve modern production and marketing.
Progress and performance of micro, small and medium enterprises in indiachelliah paramasivan
1. The document discusses the progress and performance of micro, small, and medium enterprises (MSMEs) in India. It analyzes data on the types, activities, operations, and organization of MSMEs.
2. Most MSMEs are micro enterprises engaged in manufacturing, operate year-round as proprietorships or partnerships. MSMEs contribute significantly to India's manufacturing output, exports, and employment.
3. While MSMEs have performed well, most micro enterprises remain traditional and rural-based. The document suggests providing more support to micro enterprises and training for proprietary MSMEs to improve modern production and marketing.
- The document discusses the progress and performance of micro, small, and medium enterprises (MSMEs) in India.
- MSMEs make up a large portion of Indian businesses and contribute significantly to manufacturing output, exports, and employment. However, most MSMEs are micro-enterprises and could benefit from support to grow.
- The majority of MSMEs are proprietorships engaged in permanent manufacturing activities. They provide steady employment but could improve production and marketing with additional training.
Progress and performance of micro, small and medium enterprises in indiachelliah paramasivan
1. The document discusses the progress and performance of micro, small, and medium enterprises (MSMEs) in India. It analyzes data on the types, activities, operations, and organization of MSMEs.
2. Most MSMEs are micro enterprises engaged in manufacturing, operate year-round as proprietorships or partnerships. MSMEs contribute significantly to manufacturing output, exports, and employment in India.
3. While MSMEs have performed well, most micro enterprises remain traditional and rural-based. The document suggests providing more support to micro enterprises and training for proprietary MSMEs to improve modern production and marketing.
Progress and performance of micro, small and medium enterprises in indiachelliah paramasivan
1. The document discusses the progress and performance of micro, small, and medium enterprises (MSMEs) in India. It analyzes data on the types of MSMEs, the nature of their activities, operations, and organizations.
2. Most MSMEs are micro enterprises engaged in manufacturing, operate year-round as proprietorships or partnerships. MSMEs contribute significantly to manufacturing, exports, and employment in India.
3. While MSMEs have performed well, most micro enterprises remain traditional and rural-based. Support is needed to help micro enterprises modernize and grow. Training could also help proprietary MSMEs improve production and marketing.
Micro, small and medium enterprises (MSMEs) play a crucial role in the Indian economy. They contribute 30% of India's GDP and around 45% of manufacturing output, employing over 11 crore people. However, MSMEs face several challenges including lack of access to adequate and timely credit due to insufficient collateral, outdated technology, infrastructure issues, and marketing difficulties due to limited resources and competition from large firms. The government has implemented various policies to address these problems and strengthen MSMEs, which are vital to employment, production and exports in India.
A STUDY ON PROFITABILITY OF MSME LENDING BUSINESS FOR BANKS IN INDIAJohn1Lorcan
Micro Small and Medium enterprises play a very important role in India economy. MSMEs face several
problems, non-availability of finance is an important challenge for MSMEs in India. Among MSMEs,
micro unit face even more challenges as compared to medium and small enterprises. This research paper
is a study on the profitability of MSME loans given by banks in India. The analyses conclude that the
growth of MSMEs is higher than the growth of GDP and hence MSMEs are driving growth of the country;
MSMEs are paying higher rate of interest and hence banks generate better interest income on these loans;
and the NPAs in MSME accounts are lesser than the NPAs in large accounts. Hence the study concludes
that lending to MSMEs by banks is more remunerative and is also helping the country increase its GDP
growth and employment. Therefore, the banks should provide more loans to MSMEs by simplifying their
processes.
c.paramasivan International journal of management and development studieschelliah paramasivan
This document discusses micro, small and medium enterprises (MSMEs) in India. It provides definitions of MSMEs according to investment levels and discusses their important role in the Indian economy through manufacturing output, exports, and employment. The document also analyzes MSMEs based on type of enterprise, gender of owners, nature of activity, operations, and organization. It finds that most MSMEs are micro enterprises owned by males and engaged in manufacturing. The document concludes MSMEs significantly contribute to India's sustainable development and responds well to globalization despite being traditionally based.
The document discusses Micro, Small, and Medium Enterprises (MSMEs) in India. It defines MSMEs and notes they are an important sector for India's economy, generating employment and contributing to development. The National Board for MSMEs oversees their promotion and enhancement. The government plays a key role in MSME development through various schemes and programs. Major schemes support innovation, skills training, and access to credit. Statutory bodies like the National Institute for MSMEs provide support through research, training, and technology centers.
An Investigation into the Financial Performance of Micro, Small and Medium En...Dr. Amarjeet Singh
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International Journal of Business and Management Invention (IJBMI)
1. International Journal of Business and Management Invention
ISSN (Online): 2319 – 8028, ISSN (Print): 2319 – 801X
www.ijbmi.org ǁ Volume 3 ǁ Issue 1ǁ January 2014 ǁ PP.07-16 ǁ
Micro, Small and Medium Enterprises (MSME) in India;
Financing by banks
1
Santosh Kumar Munda, 2Sukhamaya Swain
1
Associate Vice President, UTI Asset Management Co. Ltd.
Circle Business Banking Head, Odisha Circle, AXIS Bank
2
ABSTRACT: Adequate and timely availability of Finance is one of the most important key inputs for any
business. This is equally applicable while setting up of a MSME unit by an entrepreneur. Micro, small or
medium business owners are generally first time entrepreneurs with very little capital or without capital, need
not only technical, marketing and managerial support but also require the much needed seed capital to start the
business. Many MSME units also need additional capital for technology up gradation, capacity expansion
growth, and marketing and for imports and exports. Banks in India have been providing financial facilities to
numerous businesses through their branch offices, regional offices in across the length and breadth of the
country. In Odisha also banks have been providing all forms of financial support to these MSME entrepreneurs,
in turn this MSME sector have been able to add value to the GSDP and in the process have made a mark for
themselves by way of being the second highest employment generation sector in the state.
I.
IMPORTANCE OF MSME FOR INDIA
According to the Fourth Census of MSME in 2006-07 in India, the number of MSMEs was estimated
at 36.17 (only 1.56 million registered-source MSME annual report 2012-13, Government of India) million
employing about 80.52 million persons. By the year 2011-12 the estimated numbers of MSME units were 44.77
million with employment of 101.26 million persons. Out of these MSMEs, 31.79 percent are engaged in
manufacturing and 68.21 per cent in service enterprises. This sector contributes to about 44 per cent of the total
manufacturing output and accounts for over 40 per cent of the total exports of the country and forms the second
largest source of employment next only to agriculture. In the process the sector manufactures more than 6000
products. MSME sector is better employment generating sector. The organized industrial sector requires an
investment of 0.67 million rupees to generate employment of one person, whereas the MSME sector generates
employment of 1.27 persons with the same investment.
On this back ground, we have analyzed the position of Odisha state to find out the areas of strength,
weakness and opportunities to make them more effective and follow the path of accelerated growth in MSME
sector. The role of commercial banks for the development of MSME sector in the state is immense and therefore
but necessary to be analysed to understand the effectiveness of finance for the growth of this key sector in the
state.
The importance in utilization of local resources to generate employment and improve living standards
of people, who are not employed in large industries, agriculture and services sector, Government of India and
likewise State governments including State Government of Odisha have also started giving stress for the
development MSMEs. The number of small scale industries and what is called MSME has been increasing
overtime in the state of Odisha. During 2011-12 the maximum number of MSME was set up in Sundargarh
district, followed by Khurdha, Cuttack and Ganjam districts.
Over the years commercial banks in India as a whole have helped MSME sector to grow and contribute
to the GDP and employment generation. In Odisha also MSME sectors have been contributing towards the
GSDP and employment generation. Bank credits to MSME sector in terms of MSME Development Act, 2006
qualify for priority sector lending.
II.
OBJECTIVES
To identify constraints faced by MSME sector
To compare MSME in Odisha with that of India,
To understand the role of commercial banks in the development of MSME in Odisha; and
To recommend specific measures to improve outcome
www.ijbmi.org
7 | Page
2. Micro, Small and Medium Enterprises…
III.
METHODOLOGY
This paper examined the importance, contribution and development potential of micro, small and
medium enterprises in the state of Odisha. The role of commercial banks‟ financial support in the development
process of this sector is analyzed from the annual credit data. Data was collected primarily from secondary
source. Primary data are collected from various clusters. In addition to that data are collected from success story
of MSME clusters. Secondary data are collected from published and unpublished reports, books, journals and
various seminars.
IV.
MSME STORY OF INDIA
It is indeed necessary to bring before you the growth trends of India so as to understand the real
situation of State of Odisha. From Table 1, it is observed that at the end of year 2011-12 a projected total of
44.77 (a growth of 4.42 per cent than previous year) million MSME units present in the country with a projected
employment of about 101.26 million people a growth of 4.86 per cent than previous year.
Table 1: All India trends of MSME, growth on investment and employment
Year
Total No of Investment (Rs. Employment
Production at current
Units (in lakh)
Crores)
generated (lakh price
(in
Rupees
persons)
Crores)
361.76
868543.79
805.23
2006-07
1351383.45
377.37
917437.46
842.23
2007-08#
1435179.26
(4.32)
(5.63)
(4.59)
(6.20)
393.7
971407.49
881.14
2008-09 #
1524234.83
(4.33)
(5.88)
(4.62)
(6.21)
410.82
1029331.46
922.19
2009-10#
1619355.53
(4.35)
(5.96)
(4.66)
(6.24)
428.77
1094893.42
965.69
2010-11#
1721553.42
(4.37)
(6.37)
(4.72)
(6.31)
447.73
1176939.36
1012.59
2011-12 #
1834332.05
(4.42)
(7.49)
(4.86)
(6.55)
#Projected data. Source: MSME Annual Report 2012-13, Government of India
The figures in brackets show the % growth over the previous year.
Ten lakh is equal to one million, one crore is equal to Ten million
Table 2: Contribution of MSMEs to GDP of India
Contribution of MSMEs (%) at 1999-2000 prices
Total Industrial Production
Gross Domestic Product (GDP)
39.74
1999-2000
5.86
39.71
2000-2001
6.04
39.12
2001-2002
5.77
38.89
2002-2003
5.91
38.74
2003-2004
5.79
38.62
2004-2005
5.84
38.56
2005-2006
5.83
44.12
2006-2007**
7.44
2007-2008**
45.00
8.00
** The data for the period upto 2005-06 is only for small scale industries (SSI).
Subsequent to 2005-06, data with reference to micro, small and medium enterprises are being reflected.
Source: MSME annual report 2009-10 Government of India
Year
From Table 2, it can be seen the contributions of MSME sector to the Gross Domestic Product (GDP)
of the country and also the growth trend. In the year 2007-08 this sector had given an estimated contribution of
around 45 per cent of total industrial production and 8 per cent of GDP which was about 39.74 per cent of
industrial production a decade ago (1999-2000) and was contributing to 5.86 per cent of GDP at that time. From
this data it is clear that there has been a positive growth in industrial production and contribution to GDP in all
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3. Micro, Small and Medium Enterprises…
the years of last one decade. Another important factor is over the last one decade this sector has always inched
up its contribution to GDP.
One of the factors of smooth functioning of any sector is its ability to finance. The credit flow from
banks to any sector is an indicator of its importance. Considering the ability of employment generation and
contribution to GDP, Government of India formulated MSME Development Act, 2006. Since then banks have
been able to direct their MSME lending activity in a considerable manner. The Table 3 gives us the vital
information, about the year after year growth in net bank credit since 2006, the key to the robust growth of the
sector. In the year 2006 there was a growth of 21.30 per cent seen than the previous year. Highest growth of
credit was achieved in the year 2008 (67.71) percent with least growth seen in the year 2012 (7.19 percent).
Note:
Figure in parentheses indicates year-on-year growth.
The high growth witnessed during 2008 is on account of re-classification of MSEs as per MSMED Act,
2006. Firstly, the investment limit of small (manufacturing) was raised from Rs.1 crore to Rs.5 crore
and small (services) was added to include enterprises with investment limit between Rs.10 lakh to Rs.2
crore. Secondly, the coverage of service enterprises were broadened to include small road and water
transport operators, small business, professional and self-employed and all other service enterprises as
per definition provided under MSMED Act, 2006.
One crore equal to 10 million
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4. Micro, Small and Medium Enterprises…
The per capita income of major states and all India per capita income is mentioned in Table 4 to
understand about the position of average income of people of Odisha. This data can be read in conjunction with
poverty statistics given in this paper and understand the situation of people living in poverty, which needs urgent
attention.
V.
MSME IN ODISHA
MSME units are increasing day by day in the state. It is important to understand the MSME sector
development in terms of number of units and employment opportunities generated which will give vital
information of the opportunities that may be explored in development of MSME sector in Odisha. The details of
MSME are presented in Table 5 & 6.
Table 5: MSME (Registered) units and employment generation-Odisha
Year
MSME units set
up during the
year
3676
Investment made
(Rupees in million)
2000-01
MSME units
setup
(Cumulative)
66206
1531.8
Employment
generated (number
of persons)
18115
2001-02
70125
3919
1652.3
16582
2002-03
74133
4008
1551.4
16320
2003-04
78568
4435
1701.3
20547
2004-05
83075
4507
2455.9
21898
2005-06
87861
4786
2704.4
25142
2006-07
92417
4556
2711.4
20839
2007-08
97127
4710
2955.1
23301
2008-09
101933
4806
2279.2
20996
2009-10
106840
4907
2923.4
23195
2010-11
111856
5016
3950.2
24451
2011-12
117361
5505
5007.3
30287
TOTAL
54831
Source: Economic Survey, Odisha: 2012-13
31423.7
261673
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5. Micro, Small and Medium Enterprises…
Table Nos. 5 and 6 reveals that the number of MSME units set up during a year has been increasing
over the years. The total amount of investment is also revealing an increasing trend except for 2002-03 and
2008-09. By looking into the intra MSME units it reveals that the maximum number of MSMEs belongs to the
repairing and services sub-sectors. It is the food and allied sector that has attracted the highest investment of
26.53 per cent. In employment generation it is also the highest employment sector (20.14 per cent), followed by
glass and ceramics (20.10 per cent). As a whole the number of MSMEs has increased from 66206 to 117361
over a period of time from 2000-01 to 2011-12.
The traditional employment oriented industries are under the coverage of MSME. These industries are
Handloom, Handicraft, and Sericulture and Coir industries along with the other sub-sectors as in Table 6
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6. Micro, Small and Medium Enterprises…
VI. WEAKNESS OF LARGE SCALE INDUSTRIEs
a. Displacement
Development projects no doubt have the potential to bring enormous benefits to human society but the
cost imposed by these is often borne by the poorest and the most marginalized sections of society. For millions
of people around the world- development has cost them their homes, their livelihoods, their health and even
their very lives. It is often characterized by impoverishment & disempowerment with especially harsh
consequences for vulnerable groups like women and children.
The empirical studies on displacement reveals that, according to estimate made by Dr. Walter
Fernandes and Md. Asif on the displacement of human population in Orissa due to the establishment of mega
projects from 1951 to 1995 clearly states that Hydro-electric multi-purpose projects have displaced 3,25,000
people of which only 90,000 people (27.69 per cent) have been rehabilitated. Similarly, due to industrial
projects out of 71,794 displaced people in Orissa, only 27,300 (30.03 per cent) have been rehabilitated; while
mining projects displaced around 1,00,000 people of which 60 per cent have been rehabilitated and due to
declaration of sanctuary around 50,000 people have been displaced of which only 15,540 (31.08 per cent) are
rehabilitated. In total these mega projects during a period of four and half decades have displaced around 5,
46,796 people of which only 35.27 per cent (1, 92,840) people have been rehabilitated. According to official
estimates the total number of families displaced due to river dam projects and other development projects in
Orissa in 1950-1953 was 81176 of which 80 per cent families have been displaced due to irrigation projects
only.
In Odisha, Mittal Steel NV is in the process of acquiring land for setting up of a 10 million ton per
annum capacity green field steel plant in Keonjhar district, Odisha. Around 9,377 people from 16 villages will
have to be relocated for the project. People from these villages are demanding relocation of the project.
Similarly POSCO India Private Limited is acquiring land for its 12 million ton (per annum) steel plant in
Jagatsinghpur district which again is facing large scale opposition from people of the villages who will be losing
their land and livelihood permanently.
b. Unemployment
The estimated employment-Unemployment situations need to be analyzed to understand the situations
of unemployed people in the state. The Economic Survey of Odisha for 2012-13 shows that there are 1064
thousand job seekers registered in different employment exchanges in Odisha at the end of 2011 where as a
mere 3775 placements were made during the year. The Economic Survey of Odisha, 2009-10 provides the vital
statistics as given in Table 7.
From Table 7 we observe that an estimated 1.40 and 1.39 million employable people will remain
unemployed at the end of 2010-11 and 2011-12 respectively, which is 8.92 per cent and 8.76 per cent of the total
employable work force of the state. The unemployment situation gives rise to multiples of problems such as
labour migration especially unskilled/semi-skilled labour migrate to neighboring states to work in unhealthy
conditions and sometimes fall into the hands of labour contractors and get exploited. In some cases youths get
lured to anti-social activities such as “Naxalism”, with the hope to earn easy money. Odisha is one state severely
affected by “Naxalism”.
c. Poverty
Though Odisha has been able to reduce the poverty percentage by 7.25 per cent from 47.15 per cent to
39.90 per cent (All India Average 21.80 per cent) during the period 1999-2000 to 2004-05, still Odisha has the
highest percentage of poverty among the major states. There is disparity in reduction of poverty among NSS
(National Sample Survey) region and by social groups also. The rural Odisha had poverty percentage of 39.80
per cent as against the urban Odisha percentage of 40.30 per cent. The incidence of poverty in coastal, southern
and northern region was 18.37 per cent (45.33 per cent in 1993-94), 62.50 per cent (68.84 per cent in 1993-94)
and 43.69 per cent (45.87 per cent in 1993-94) respectively. By social groups Scheduled Tribe (ST)
communities had the highest incidence of poverty of 64.30 per cent (71.31 per cent in 1993-94) followed by
Scheduled Caste (SC) communities of 38.60 per cent (49.79 in 1993-94) and Other Backward Castes (OBC)
24.50 per cent. About 65 per cent of the total poor in rural Odisha belong to either ST or SC groups. Majority of
these communities reside in the districts of Keonjhar, Mayurbhanj, Sundergarh, Koraput, Kalahandi, Boudh,
Phulabani and Malkangiri which have the large forest coverage and incidentally having full of natural resources.
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7. Micro, Small and Medium Enterprises…
VII.
ROLE OF COMMERCIAL BANKS IN MSME DEVELOPMENT IN ODISHA
Banks both PSU and Private sector have played a very important role in the development of MSMEs in
the state by providing the much needed financial help to entrepreneurs through various schemes announced by
Central as well as State Government. Finance provided to these MSME units, in conformity to MSME
Development Act, 2006 also qualifies for priority sector lending and hence banks are always motivated to
provide finance to all viable projects.
Banks are not only the provider of finance but also supporter in project analysis and the guiding force
for entrepreneurs to run their business in a viable manner. In many a times they also provide information about
new technology, markets etc. Banks maintain close and regular contact with MSME units for financial needs of
later.
Table 8: Bank wise MSME lending figures for the state of Odisha from 2008-13.(Rs. In crores)
Sl. No.
Name of Bank
2008
2009
2010
2011
2012
2013
1
Allahabad Bank
47.78
82.33
89.91
115.37
177.30
616.81
2
Andhra Bank
141.06
148.40
207.45
233.13
467.76
617.92
3
Bank of Baroda
101.73
246.30
393.57
565.63
833.79
956.83
4
Bank of India
173.82
219.30
194.87
202.90
1096.90
1042.94
5
Bank of Maharastra
0.43
0.59
0.20
1.90
3.15
6.90
6
Canara Bank
125.93
309.43
391.20
534.57
708.60
749.15
7
Central Bank of India
56.61
52.43
118.41
162.81
45.54
241.11
8
Corporation Bank
4.15
7.01
8.61
18.82
36.40
195.00
9
Dena Bank
2.10
2.89
6.83
8.15
14.63
252.30
10
IDBI BANK
0.00
94.19
191.07
27.81
47.81
72.51
11
Indian Bank
38.05
30.22
11.51
35.78
73.73
140.18
12
13
Indian Overseas Bank
Oriental Bank of Com.
37.34
11.23
85.40
11.75
154.33
67.87
48.45
132.58
315.73
576.26
466.11
646.57
14
Punjab National Bank
98.38
102.01
175.76
431.40
772.50
996.84
15
Punjab & Sind Bank
0.82
0.39
2.72
10.16
11.92
17.00
16
State Bank of India
785.68
1004.79
2190.40
2329.38
3030.95
3211.00
17
2.63
7.04
7.33
9.52
18.57
66.96
18
S B of Bikaneer &
Jaipur
S B of Hyderabad
3.04
10.42
6.44
25.03
19.80
45.93
19
S B of Travancore
0.11
0.00
0.32
1.58
3.35
0.00
20
State Bank of Mysore
2.73
3.65
6.59
2.16
21
Syndicate Bank
39.42
52.03
166.87
185.26
187.61
218.11
22
Union Bank
67.00
80.63
197.78
263.34
535.98
701.12
23
United Bank of India
119.09
105.96
118.85
153.80
485.15
522.00
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8. Micro, Small and Medium Enterprises…
24
UCO Bank
401.96
330.53
602.44
746.71
1343.87
1397.56
25
Vijaya Bank
12.75
18.76
30.46
30.69
48.85
57.77
2273.83
3006.45
5341.79
6276.93
10856.15
13252.21
Total Public Sector Banks
26
Centurion Bank
0.00
27
Federal Bank
0.00
0.00
58.13
33.31
41.22
48.32
28
HDFC BANK
4.52
7.00
176.87
207.46
273.96
331.00
29
ICICI BANK
11.87
7.87
42.77
169.20
318.40
215.32
30
Karnatak Bank Ltd.
0.00
0.74
0.73
1.57
81.54
85.57
31
Karur Vysya Bank
0.00
0.00
0.00
0.00
2.84
0.00
Rajasthan Bank Ltd.
0.00
0.00
0.80
32
33
Vysya Bank
2.45
0.00
0.00
1.30
34
AXIS Bank
111.87
2.02
240.02
387.60
676.77
553.38
35
Indus Ind Bank
0.05
0.00
197.06
248.49
324.52
278.15
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.01
75.33
57.85
1794.57
1586.03
The South Indian
Bank.
Lakshmi Vilas Bank
37
Ltd.
38 Kotak Mahindra Bank
Ltd
Total Private Sector Banks
36
130.76
17.63
716.38
1048.93
16.43
The year wise credit provided by both PSU and Private sector banks since 2008 to 2013 given in the
Table No.8 shows the year on year growth in their lending activities which shows the banks inclination to meet
their annual lending targets to the sector.
From the analysis of data in Table No.8, It is clear that public sector banks are playing the dominant
role in the segment. One point to be noted out here is that amongst the private sector banks, there is lack of
necessary focus on the preparation (read submission) of the SLBC data. While the broad important parameters
like Loans, Deposits, CD Ratio and the branches are being taken into consideration, they must not be preparing
the data seriously. Unlike public sector banks, they do not have dedicated officials to handle the data
management and submission. The other reason could be that PSU bank branch network as a combination has
been growing at a much faster rate than their private sector counterparts. Further information can be gathered
from the data is as many as 13 public sector banks which have seen increase in their portfolio (in this segment)
over each of the years. We have SBI, Allahabad Bank, Andhra Bank, Bank of Baroda, Canara Bank,
Corporation bank, Dena Bank, Oriental bank of Commerce, Punjab National bank, State Bank of Bikaner &
Jaipur, Syndicate Bank, Union Bank and Vijaya Bank.
Similarly in the private sector, we have HDFC Bank and Karnataka Bank which are leading the show
every year.
VIII.
ATTACKING GROWTH OF MSME; THE CLUSTERWISE WAY
Cluster development model suggested by UNIDO is best suitable for the setting up, growth and
sustainability of MSME units. Under the cluster model one particular area is recognized as cluster and
entrepreneurs are encouraged to set up units which use similar raw materials, market and produce similar
finished products. By following this model they will be able to share common infrastructure like road, storage,
market for both, raw materials and finished goods, transportation, technology and finance.
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9. Micro, Small and Medium Enterprises…
The example of successful clusters are “Machining and Fabrication Cluster-Rourkela” where about 140
MSME units are located in and around Rourkela providing support to the mother plants like Rourkela Steel
Plant, OCL and Larsen & Toubro.
The other example is the “Non-Timber Forest Product (NTFP) Cluster-Baripada” with the UNIDO
intervention 15 villages were combined, trained, provided machines to produce sal-leaf plates, which enabled
these villagers to earn better income than earlier. The families mainly belong to local tribal groups.
IX.
SUGGESTIONS
By looking into the strength, weakness and opportunities of MSME in Odisha, we would like to
suggest the following for the benefit of the stake holders in particular and economic development of the state in
general.
1)
5)
6)
7)
8)
9)
10)
11)
A cluster centric development plan for each potential clusters may be prepared for long term
development.
District Industrial Centers should be pro-active in providing help both to the entrepreneur and bankers.
There is need for making handloom and handicraft sector more market friendly and competitive to
strengthen MSME.
Weavers need further capacity building. They have to be trained in texture design market required color
combination and better technology.
Special training and exposure visit of weavers and crafts men.
Development of “Handloom mark” in the line of “Wool mark”.
Private sector participation may be encouraged.
Government may establish suitable handicraft training school (NID) standard at Bhubaneswar.
Government may nominate master craftsman to Rajya Sabha for empowerment.
Government may like to develop suitable infrastructure at the developmental hubs.
For improving the welfare of the participants following instruments may be introduced.
(a)
(b)
(c)
Issue of photo identity card
Extending insurance coverage to all family members
Providing educational scholarship to their children
2)
3)
4)
X.
CONCLUSION
MSME being the second highest employment generation sector is next only to agriculture, this sector
need special attention of the state government, policy makers and implementation. This is all the more necessary
and a very powerful engine realizing the twin objectives of „accelerated industrial growth‟ and „creation of
additional productive employment potential‟ in rural and backward areas.
There are only 117361 MSME units are registered and employment, finance and other activities of only
these units are recorded with the government. There is an urgent need to have a policy to record all units in the
state to understand the actual position of employment as on date and employment generation opportunities exist
in this sector in future. This will enable policy makers to decide the course of action, such as creation of cluster,
providing suitable infrastructure, market, product development, finance etc.
Cluster approach the real success seen already must be followed to the extent possible, so as to make
easy availability of credit, infrastructure, raw materials, markets and labour. This ultimately results into better
quality at competitive price which is the need of the hour. Another advantage of cluster is to faster adapt to
changes, because of easy access to information on changes in technology and market demand. There should be a
procedure of regular monitoring of Clusters and units located within it.
There is a need for industry ready manpower; as such there is an urgent need for up gradation of
existing MSME institute to a national level institution with branches in Rourkela, Berhampur and Sambalpur.
The institute should have R & D facilities specific to MSME sector.
There should be a very close co-relation among the industry, technology provider, bankers, industry
associations, government agencies, local/international agencies like UNIDO who are always working for the
betterment of people.
In MSME, handloom sector play a dominant role. The data indicated that weavers in general like to
have alternate investment in income generating activities within the local area. The weavers produce variety of
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10. Micro, Small and Medium Enterprises…
fabrics such as sarees, dress materials, dhoti, pasapalli, sonepuri pata and bichitrapuri. The cluster development
program enabled the weavers to develop a better community life. It helped them to unite under a single forum
i,e; WCS. Handloom sector for its inadequate skill, limited market exposure, lack of capital and initiative remain
less market friendly. Its master crafts men became too traditional, self centered and less development friendly.
They were often reluctant in sharing their skill with other and hesitate to interact with successful business man.
As most of the weavers belong to other back ward class (OBC), there were limitations in getting the required
assistant from government administration which is dominated by higher caste.
Handicrafts have a high potential in our market. It can meet the global demand of eco-friendly products
provided the craftsmen attain the product efficiency. The development of handicraft cluster is strengthening the
rural-urban economic dependence and minimizes forceful migration of rural poor. The existing traditional
system practiced over a long period of time weakened handloom and handicraft production system limiting all
possibilities of product improvement and improved standard of living. Along with the changes taking place in
the economy new awareness came in even to the village through electronic media and social re-engineering
forum like, SHG and Co-operatives. The initiative taken under RLTAP, WODC and UNIDO triggered the much
desired change process. The impact assessment as revealed from the field bring out visible changes happening
specially in craftsmen clusters with a new vigor, working in group, addressing changes to optimize income and
employment, upgrading the quality of product based on market demand with added skill.
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[1]
[2]
[3]
[4]
[5]
[6]
[7]
[8]
[9]
[10]
[11]
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published in International Journal of Business and Management Invention (ISSN (Online): 2319 – 8028, ISSN (Print): 2319 –
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Corporate Social Responsibility Report, 2010 of Small Industries Development Bank of India.
SLBC Odisha (through their website)
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Effective Policies for Small Business: A guide for the Policy Review Process and Strategic Plans for Micro, Small and Medium
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