This document discusses micro, small and medium enterprises (MSMEs) in India and their role in the developing economy. It reviews literature on the challenges facing MSMEs, including lack of access to financing, high costs of credit, and inability to meet quality standards. MSMEs contribute significantly to employment but face difficulties in growing. The document aims to understand factors preventing MSME growth and recommend policy solutions to support the sector's potential and allow MSMEs to contribute more to India's development.
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.
Small and Medium Enterprise (SME) of Bangladeshestiaqur
Small and medium-sized enterprises (SMEs; sometimes also small and medium enterprises) or small and medium-sized businesses (SMBs) are businesses whose personnel numbers fall below certain limits. SMEs are also said to be responsible for driving innovation and competition in many economic sectors.
In Bangladesh, SMEs including micro enterprises comprise over 99 per cent of all industrial units, contributing over 85 per cent of industrial employment. 81 thousand SMEs all together constitute more than 93 per cent of the total 10+ units. Again, focusing on the 10+ units, small units contribute to 35 per cent of the employment, followed by medium and large units comprising 8.8 and 56.0 per cent respectively. In other words, SMEs employ 1.3 million people, constituting 44 percent of employment generated by 10+ units.
RIMSR Blue print on MSME, Skill Development,Project Management Prof. Harsha Kestur
RIMSR Quarterly news letter on MSME conference & skill development programs.
MIITE India- To train and certify annually one million college students/job-seekers/career progressions in IT/Soft Skills every year via the nationwide MIITE program
The program is administered by EFS and RIMSR, a dedicated educational institution in Bangalore, well known for quality skill enhancement, management education and blended learning in business skills to enhance job potential & entrepreneurship.
The Appuji scholarships offer a unique opportunity for all Indian youngsters, especially the underprivileged, to get better skills and jobs.
Each person will receive a course package containing 635 world-class Web-based elearning courses, with 24/7 unlimited access, including several IT and Project Management certifications, for a registration fee of Rs 900, with NEF providing Rs. 5700 tuition scholarship.To get trained in MICROSOFT, SAP, ADOBE, ORACLE, IBM, VMWARE, CISCO, products and Courses Certification for Rs 2400. For placement assistance after completion of courses & certification with Appuji skilling scholarship.
Students, young professionals and job seekers can register in www.edufinserve.in
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.
Small and Medium Enterprise (SME) of Bangladeshestiaqur
Small and medium-sized enterprises (SMEs; sometimes also small and medium enterprises) or small and medium-sized businesses (SMBs) are businesses whose personnel numbers fall below certain limits. SMEs are also said to be responsible for driving innovation and competition in many economic sectors.
In Bangladesh, SMEs including micro enterprises comprise over 99 per cent of all industrial units, contributing over 85 per cent of industrial employment. 81 thousand SMEs all together constitute more than 93 per cent of the total 10+ units. Again, focusing on the 10+ units, small units contribute to 35 per cent of the employment, followed by medium and large units comprising 8.8 and 56.0 per cent respectively. In other words, SMEs employ 1.3 million people, constituting 44 percent of employment generated by 10+ units.
RIMSR Blue print on MSME, Skill Development,Project Management Prof. Harsha Kestur
RIMSR Quarterly news letter on MSME conference & skill development programs.
MIITE India- To train and certify annually one million college students/job-seekers/career progressions in IT/Soft Skills every year via the nationwide MIITE program
The program is administered by EFS and RIMSR, a dedicated educational institution in Bangalore, well known for quality skill enhancement, management education and blended learning in business skills to enhance job potential & entrepreneurship.
The Appuji scholarships offer a unique opportunity for all Indian youngsters, especially the underprivileged, to get better skills and jobs.
Each person will receive a course package containing 635 world-class Web-based elearning courses, with 24/7 unlimited access, including several IT and Project Management certifications, for a registration fee of Rs 900, with NEF providing Rs. 5700 tuition scholarship.To get trained in MICROSOFT, SAP, ADOBE, ORACLE, IBM, VMWARE, CISCO, products and Courses Certification for Rs 2400. For placement assistance after completion of courses & certification with Appuji skilling scholarship.
Students, young professionals and job seekers can register in www.edufinserve.in
American Research Journal of Humanities & Social Science (ARJHSS) is a double blind peer reviewed, open access journal published by (ARJHSS).
The main objective of ARJHSS is to provide an intellectual platform for the international scholars. ARJHSS aims to promote interdisciplinary studies in Humanities & Social Science and become the leading journal in Humanities & Social Science in the world.
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.
The practice of venture management has recorded success in the United States of
America and India. This brought about the turn-around of businesses, both prospect
and existing formal business operators in these nations. In the case of Nigeria, banks
and other financial institutions have ended up providing advice to successful firms to
acquire business organisation in distress and at times are the leaders in that
particular industry, thus bringing about unemployment. It is of a note that
entrepreneurs are the drivers of a nation’s economy irrespective of government
practices. It is based on this premises that the relevance of transition from informal
to formal entrepreneurship practices must occur for the existence of economic
growth. To bridge this gap in literature, a comparative study on venture management
practices and expected performance for practicing entrepreneurs in the informal and
formal sector is required.
Operational Performance of Andhra Pradesh State Financial Corporation APSFCijtsrd
Andhra Pradesh State Financial Corporation APSFC , a State Level Development Financial Institution DFI , was established in 1956 for promoting Small and Medium Enterprises SMEs in the State of Andhra Pradesh under the provisions of the State Financial Corporation SFC Act,1951, with a prime focus on infusing entrepreneurial spirit among entrepreneurial class. It also provides term loans, working capital term loans, and special seed capital assistance to SMEs thereby contributing Balanced Regional Development. Today, more than six crore MSMEs contribute 8 percent to India's GDP, 6.11 percent to its total manufacturing output, and 24.6 percent in services.1India's MSMEs are at the heart of India's growth story. There are more than 6.3 crore MSMEs in the country generating employment for nearly 111 million Indians and creating nearly 1.3 million jobs every year. The entrepreneurial growth and development they contribute are not restricted to the urban areas only. Of the 55.8 million MSMEs, 59 per cent are based in rural India. The segment contributes close to 45 per cent to India's manufacturing output, over 40 percent to our exports, and about 8 percent to our GDP. However, how so far this credit development is able to contribute to the development of micro small and medium industries needs an extensive examination. The present paper is concerned to analyze some of the direct effects of credit support given by APSFC to micro small and medium enterprises development in Andhra Pradesh over a period of time from 2007 08 to 2018 19. Dr. P. S. Ravindra "Operational Performance of Andhra Pradesh State Financial Corporation (APSFC)" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-4 , June 2020, URL: https://www.ijtsrd.com/papers/ijtsrd30990.pdf Paper Url :https://www.ijtsrd.com/management/accounting-and-finance/30990/operational-performance-of-andhra-pradesh-state-financial-corporation-apsfc/dr-p-s-ravindra
This monthly magazine brings the happenings in the business community for both strategists, economists, financial wizards, Business Analysts. Subscribe for physical copy it if you are interested.
Intellectual capital is an important dimension of entrepreneurship orientation that
highly contributes in the performance of the small and medium-sized enterprises
(SMEs). The measurements of intellectual capital more concern about employees’
knowledge, trademarks, patents, compensation and rewards. This study aims to
examine the relationship between knowledge management and organizational
performance among Malaysian food and beverage SMEs. It also identifies whether or
not protecting patents and trademarks positively contributes in organizational
performance. The primary data was collected through quantitative method and 262
questionnaire administered within food and Beverage SMEs in the Malaysian State of
Selangor. The findings indicated a positive relationship between knowledge
management and organizational performances. A good management of employees’
knowledge adds value to the firms and make them competitive in the market economy.
Apart from knowledge, the study found that protecting patents and trademarks can
positively contribute in the performance of SMEs. Also, the study identified moderate
positive correlations between compensation and reward with organizational
performance. To improve the performance of the firms, SMEs has to adopt effective
techniques such as compensation and reward that encourage employees to sincerely
perform their tasks and utilize their knowledge and effort for the purpose of profit
maximization
The main objective of this study was to investigate the challenges and opportunities of growth of
MSEs in Asella town. MSEs have been regarded as the machine of economic growth and development all over
the world. It also play a crucial role in the development of the economy with their effective, efficient, flexible
and innovative entrepreneurial spirit
The Future of India report illustrates how India can accelerate its growth to 9% CAGR to become to create a 10 trillion USD economy over the next two decades.
American Research Journal of Humanities & Social Science (ARJHSS) is a double blind peer reviewed, open access journal published by (ARJHSS).
The main objective of ARJHSS is to provide an intellectual platform for the international scholars. ARJHSS aims to promote interdisciplinary studies in Humanities & Social Science and become the leading journal in Humanities & Social Science in the world.
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.
The practice of venture management has recorded success in the United States of
America and India. This brought about the turn-around of businesses, both prospect
and existing formal business operators in these nations. In the case of Nigeria, banks
and other financial institutions have ended up providing advice to successful firms to
acquire business organisation in distress and at times are the leaders in that
particular industry, thus bringing about unemployment. It is of a note that
entrepreneurs are the drivers of a nation’s economy irrespective of government
practices. It is based on this premises that the relevance of transition from informal
to formal entrepreneurship practices must occur for the existence of economic
growth. To bridge this gap in literature, a comparative study on venture management
practices and expected performance for practicing entrepreneurs in the informal and
formal sector is required.
Operational Performance of Andhra Pradesh State Financial Corporation APSFCijtsrd
Andhra Pradesh State Financial Corporation APSFC , a State Level Development Financial Institution DFI , was established in 1956 for promoting Small and Medium Enterprises SMEs in the State of Andhra Pradesh under the provisions of the State Financial Corporation SFC Act,1951, with a prime focus on infusing entrepreneurial spirit among entrepreneurial class. It also provides term loans, working capital term loans, and special seed capital assistance to SMEs thereby contributing Balanced Regional Development. Today, more than six crore MSMEs contribute 8 percent to India's GDP, 6.11 percent to its total manufacturing output, and 24.6 percent in services.1India's MSMEs are at the heart of India's growth story. There are more than 6.3 crore MSMEs in the country generating employment for nearly 111 million Indians and creating nearly 1.3 million jobs every year. The entrepreneurial growth and development they contribute are not restricted to the urban areas only. Of the 55.8 million MSMEs, 59 per cent are based in rural India. The segment contributes close to 45 per cent to India's manufacturing output, over 40 percent to our exports, and about 8 percent to our GDP. However, how so far this credit development is able to contribute to the development of micro small and medium industries needs an extensive examination. The present paper is concerned to analyze some of the direct effects of credit support given by APSFC to micro small and medium enterprises development in Andhra Pradesh over a period of time from 2007 08 to 2018 19. Dr. P. S. Ravindra "Operational Performance of Andhra Pradesh State Financial Corporation (APSFC)" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-4 , June 2020, URL: https://www.ijtsrd.com/papers/ijtsrd30990.pdf Paper Url :https://www.ijtsrd.com/management/accounting-and-finance/30990/operational-performance-of-andhra-pradesh-state-financial-corporation-apsfc/dr-p-s-ravindra
This monthly magazine brings the happenings in the business community for both strategists, economists, financial wizards, Business Analysts. Subscribe for physical copy it if you are interested.
Intellectual capital is an important dimension of entrepreneurship orientation that
highly contributes in the performance of the small and medium-sized enterprises
(SMEs). The measurements of intellectual capital more concern about employees’
knowledge, trademarks, patents, compensation and rewards. This study aims to
examine the relationship between knowledge management and organizational
performance among Malaysian food and beverage SMEs. It also identifies whether or
not protecting patents and trademarks positively contributes in organizational
performance. The primary data was collected through quantitative method and 262
questionnaire administered within food and Beverage SMEs in the Malaysian State of
Selangor. The findings indicated a positive relationship between knowledge
management and organizational performances. A good management of employees’
knowledge adds value to the firms and make them competitive in the market economy.
Apart from knowledge, the study found that protecting patents and trademarks can
positively contribute in the performance of SMEs. Also, the study identified moderate
positive correlations between compensation and reward with organizational
performance. To improve the performance of the firms, SMEs has to adopt effective
techniques such as compensation and reward that encourage employees to sincerely
perform their tasks and utilize their knowledge and effort for the purpose of profit
maximization
The main objective of this study was to investigate the challenges and opportunities of growth of
MSEs in Asella town. MSEs have been regarded as the machine of economic growth and development all over
the world. It also play a crucial role in the development of the economy with their effective, efficient, flexible
and innovative entrepreneurial spirit
The Future of India report illustrates how India can accelerate its growth to 9% CAGR to become to create a 10 trillion USD economy over the next two decades.
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
Do you struggle to understand India's MSME sector? Our complete MSME 2024 insights bundle helps you comprehend India's MSME ecosystem and make smart business decisions. BTHAWK Compliance Services
Growth and Future Prospects of MSME in IndiaIJAEMSJORNAL
In recent years, the significance of MSME has been recognized in the world’s countries for its major contribution in various socio-economic objectives such as higher economic growth and employment, output, nurturing entrepreneurship and encouragement and support for exports. MSME play a vital role in the industrial development of any country. The MSME sector is a backbone of Indian economy for its contribution to growth of Indian economy. This sector is very much important for moves towards a faster and inclusive growth of country. The MSME sector can help for achieving the target of Nation Manufacturing Policy that manufacturing should contribute 25% in India’s GDP by 2022. For that purpose, the government of India has taken a good initiative of “Make in India”. This paper is to focus on performance of MSME & growth and opportunities. It is concluded that this sector significantly contributes in employment, exports and manufacturing output.
Promoting Responsible Business by BMOs Issue V - Foundation for MSME Clusters...TheBambooLink
We are delighted that this unique Award Programme for “Responsible Indian BMOs” has now successfully entered its fifth year. This year is special, as with the support of the Office of Development Commissioner, Ministry of MSME, we have taken the Award Programme to a new height by organizing “Cluster Conclave and 5th BMO Award: Innovate to Lead”.
Review of Steps Taken by Government for MSME's in Digital Indiaijtsrd
The MSME sector is also known as growth engine of Indian economy, this sector is playing a major role in country' GDP by its contribution in service sector as well as in manufacturing sector, in many research studies, it has been identified that MSME sector is not getting government support in the manner it has to be. In this era of digitalization, the need of hour is "digital platforms" to ease out the process and easy access of information, so that Micro Small and Medium scale enterprises benefitted by it. This research paper has focused on the new digital initiatives taken by government of India to scale up MSME', and how these initiatives can benefit the Indian MSME sector. Dr. Parul Sharda"Review of Steps Taken by Government for MSME' in Digital India" 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/ijtsrd16988.pdf http://www.ijtsrd.com/management/general-management/16988/review-of-steps-taken-by-government-for-msme's-in-digital-india/dr-parul-sharda
The Relevance of Working Capital, Financial Literacy and Financial Inclusion ...AJHSSR Journal
ABSTRACT : The development of the number of micro and small business actors in Indonesia is very fast,
but currently Micro, Small and Medium-Sized Enterprises are still in the small business zone and have
limitations to be developed. This research is oriented towards examining the relevance of working capital,
literacy and financial inclusion in explaining the financial performance and business sustainability of Micro,
Small and Medium-Sized Enterprises. A total of 310 MSMEs spread across 26 business groups were used as
the unit of analysis of the 1,382 MSMEs in Makassar City. The results of the analysis of structural equation
modeling with AMOS show that effective and efficient working capital management makes a real contribution
to efforts to improve financial performance. On the other hand, it is an interesting fact that business actors'
financial literacy and inclusion have an impact on their low financial performance. Culinary business actors in
their implementation have high working capital so that it has an impact on the high level of business
sustainability. In a direct relationship, it is also found that business actors have financial literacy so that it is not
able to increase business sustainability. This condition is also found in financial inclusion. MSMEs are proven
to be able to produce high financial performance so that it has an impact on a high level of business
sustainability. Relevance does not directly provide evidence if high working capital is proven as a trigger for
business sustainability through financial performance. Different results are shown in the relevance of financial
literacy and financial inclusion which based on the findings are not proven as a driver of business sustainability
through financial performance.
KEYWORDS - Financial literacy, inclusion, performance, sustainability, working capital
An Investigation into the Financial Performance of Micro, Small and Medium En...Dr. Amarjeet Singh
Micro, small and medium enterprises (MSMEs) are an indispensable part of the Indian economy. In terms of Gross Value Added (GVA) and Gross Domestic Product (GDP), MSMEs accounted for about 33% and 31% of India's GVA and GDP, respectively, in the year 2019-20. Unlike large enterprises that are concentrated in the metros, MSMEs are spread across smaller and larger rural as well as urban centres of India. They are also the biggest source of employment, especially in rural India, and contribute to the rural development and industrialisation. MSMEs also act as a great social bridge as smaller enterprises are owned by socially backward classes and women than are larger enterprises. For these reasons and more, the India government has always promoted the growth and development of MSMEs through policy initiatives, technology up gradation, and via other means. Consequently, MSMEs have also grown in multi-folds in the past decades in terms of the number of enterprises in operation and the collective revenue of the sector. Several challenges affect the growth of MSMEs, however. One of these is the limited academic studies into the financial performance of MSMEs, probably due to the unavailability of adequate data. The present research attempts to fill this gap by conducting a financial performance evaluation of 51 sample MSMEs based in the district of Nanded, Maharashtra. The research utilizes Data Envelopment Analysis (DEA) to compare the financial performance of sample MSMEs selectively using the suitable variables identified by Arasu et al. (2021). Findings suggest sharp differences in the financial performance of sample units. Inefficient units are suggested to improve their return on asset, return on capital employed, and net profit margin.
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.
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Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
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nologies and face the countenance of becoming technologically obsolete. They also have to covenant with very
high credit and are usually unable to perpetuate product standards and quality. MSMEs also face the problems of
safeguarding their intellectual property. The inadequate availability of skilled workers represents another issue.
Finally, studies on MSMEs have stunted the etymology of income and countenance the magnification predica-
ment. This situation provokes a challenge for the financing of MSMEs due to the meagerness of cognizance and
funding by the government. There is a deprivation of schemes for MSMEs.
1. LITERATURE REVIEW
1.1. Doctoral thesis, books and periodicals
Agarwal (1987) stated that MSMEs did not obtain sufficient loans from banks to fulfill their financial obligations.
Hence, banking institutions should understand the need for finance and provide financial support to SSIs to en-
able them to overcome their financial problems.
Rudra Murthy (1995) highlighted that there was a delay in the application of loan and sanction of the loan, and it
had a cascading effect on running an SSI unit. Also, a rise in the price of raw materials and labor was mentioned.
In the scientist’s opinion, the Government has to take the lead in supplying raw materials at a lower price and
provide technical and marketing assistance to SSIs.
Pamecha (2013) studied MSMEs and their benefits to the rural and cottage industries. The work stated that the
MSME act confers the following advantages to MSMEs: timely credit (Section 10), reservation policies to the
manufacturing sector, procurement preference policies (Section 11), and measures for promotion and develop-
ment (Sections 9, 12, 13, 14), etc.
Sarika’s publication (2014) is a step to focus on globalization and its implications on the manufacturing, produc-
tivity, and competitiveness of MSMEs. Globalization has made changes in the process of production, diversifica-
tion of products as per discerning customers with high purchasing power and more differentiated taste, high qual-
ity, and higher value for money. In this context, the book provides information, policies, and the Government’s
program to promote MSMEs in the globalization and liberalization of world economies.
A technical paper by Dogra (2014) pointed out that for five years, the bank credit to MSMEs had been increasing
year by year as per the RBI’s statistical report. The work showed 30% of annual magnification in the financial year
2013. Despite this, more than 92% of MSMEs in India were yet to get access to finance from institutional sources.
The author suggested that timely credit at a competitive cost, rising working capital requirements with elongation
of credit period would build trust and instill confidence among lenders and borrowers within and outside India.
Azad (2014) mentioned that most MSMEs have still encountered numerous challenges, especially during their
initial days. A common problem for most of them is the lack of capital and financial support from organized
lending institutions. The researcher also pointed out the adverse effect on the cost volume of funds and financial
statements of SME companies exerted by the highlighted problem.
1.2. Articles published in national journals
A research article by Laha (2014) is an effort to shed light on inter-state variations in access to credit to promote
entrepreneurial activity in India. The study highlights the lending practices of banks to extend their services to
unbanked areas, and priority sector lending is the priority area in supplying finance to MSMEs.
Srinivas (2014) pointed out that the Government is continuously supporting MSMEs for their magnification and
development. At present, bank lending to MSMEs is one of the traditional and trusted ways to finance business.
In this context, Canara Bank plays a significant role in providing finance to MSMEs that is commendable and
worthwhile.
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Ramadevi and Reddy (2014) highlight the role of MSMEs in the development of the national economy, and of
no small importance here is continuous entrepreneurial development. The article addresses the issues relating to
MSMEs. Intending to utilize the solution for these issues effectively, the paper suggests encouraging a large num-
ber of young entrepreneurs to participate in the Nation Building Task. This is an area of significant concern in
India’s development agenda.
Uma (2013) states that industrialization is an effective tool for solving the problems of economic and social prog-
ress in developing countries of the world. This could be achieved through accelerate industrial magnification and
helps in the development of the economy.
Garg and Garg (2014) state that MSMEs with lower investment prove to be the second largest employment provid-
er, next to the agriculture sector. They occupy a significant position in the Indian economy. This article is focused
on the significant magnification of MSMEs over a period of time and their major contribution, employment, and
export in the Indian economy. The authors conclude that encouragement to MSMEs by preparing a proper busi-
ness plan of action with effective implementation is necessary to take proper care of the Indian economy.
Chandraiah, Vani’s study (2014) reveals that the highest constituents in the whole industrial sector are MSMEs.
This sector not only meets economic objectives like contributions, industrial output, and exports but also rep-
resents a social objective for millions of people across the country. The MSM sector in India acts as a power and
spirit of economic magnification in the 21st century. This paper analyzes the definition of MSMEs as per MSME
Act 2006. It also addresses the performance and Government policies towards the promotion and development
of MSMEs.
Jaswal (2014) declares that many MSMEs face constraints which emerge in their day to day business. The most
critical problems are competitions, impassable infrastructure facilities, and access to finance. MSMEs also face
the issues of acquiring assets like plant and machinery, equipment, raw materials, and others due to insufficient
funding.
Natha and Verma (2014) reveal that entrepreneurship is considered a significant factor for the development of
the economy. This paper suggests that to strengthen the economy through entrepreneurial development, the
Government should undertake several measures regarding combatting corruption, easy accessibility of finance,
less procedure and regulations in financial schemes, and develop infrastructure.
A technical paper by Nishanth and Zakkaria (2014) highlights various constraints of MSMEs such as insufficient
funding, issues, and challenges in marketing and distributions of goods and services, a conventional method of
productions, scarcity in supply of raw materials. These constraints differ from one sector to another. The barri-
ers can be reduced through initiating action by the Government and commercial banks in supplying finance and
other facilities.
1.3. Articles published in international journals
Zulkifli (2010) points out that SMEs contribute towards the economic development and stability of a nation. The
article focuses on the role played by the National SME Development Council (NSDC) in assisting SMEs through
providing financial support in the form of soft loans, equity loans, guarantee schemes, tax incentive schemes, and
venture capital. The Council acts as an apex body to formulate strategic policies, guidelines and coordinate for the
development of SMEs.
Jahanshahi, Nawaser, Khaksar, and Kamalian (2011) envisaged the contribution made to the country’s employ-
ment generation by MSMEs. The authors emphasized the Government’s role in the effective implementation of
strategic policies by using an integrated policy approach for the promotion and development of MSMEs.
Steen, Pinar, and Hooming (2013) point out that in developing countries, around 90% of the formal and infor-
mal MSMEs face the challenge of accessing finance and overdraft facilities from banks and financial institutions.
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Given this, the study highlights the need for intervening both policymakers and the private sector at different lev-
els to try to encourage good banking services, higher deposit rates, and greater accessibility of capital for MSMEs.
2. AIMS
The main aims of this research are as follows: to investigate how MSMEs work in India and their contributions to
GDP, to interpret the suggestions for MSMEs in India, to identify the prospects for MSMEs in the magnification
and development of India, to determine and investigate the challenges and problems faced by MSMEs.
3. METHODS
This study relies on secondary sources and secondary data collected from the relevant publications issued by the
Ministry of Micro, Small and Medium Enterprises (MSMEs), India, various articles and books, etc.
4. GENERALIZATION OF THE MAIN STATEMENTS
India is known for its unique cultural dimensions, which may have an impact on the functioning of societies,
groups, individuals, and businesses. Cultural practices and people’s aspirations are influenced by religion. Values
are formed based on interacts. MSMEs represent an Indian perspective.
MSMEs offer a wide range of products and varieties. These industries also contribute to large-scale production.
They act as a complement to the large-scale industry.
Table 1 provides MSMEs classification based on their capital invested.
Table 1. MSMEs classification based on their capital invested
Source: MSME Annual report.
Enterprises Micro-small Small Medium Remarks
Manufacturing sector Up to Rs. 25 Lakh
Above Rs. 25 lakh up to
Rs. 5 crore
Above Rs. 5 crore up to
Rs. 10 crore
Investment in plant and
machinery
Service sector Up to Rs. 10 Lakh
Above Rs. 10 lakhs up to
Rs. 2 crore
Above Rs. 2 crore up to
Rs. 5 crore
Investment in equipment
India’s investment in MSMEs has shown an increasing trend over the years.
Figure 1 depicts the distribution of rural and urban MSMEs in a percentage share throughout the country. The
share of rural MSMEs is 49% and of urban MSMEs – 51%.
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Table 2 shows figures for the total share of MSMEs in the economy with regard to GDP. As per 2011 to
2017, the percentage share is continuously declining every year.
Table 2. Total share of MSMEs in the economy with regard to GDP
Source: Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation.
Figures in Rs. Crores adjusted for FISIM’ at current prices
Year MSME GVA Growth (%) Total GVA Share of MSME
in GVA (%) Total GDP
Share of
MSME in GDP
(%)
2011-2012 2.622,574 – 8.106,946 32.35 8.736,329 30.00
2012-2013 3.020,528 15.17 9.202,692 32.82 9.944,013 30.40
2013-2014 3.389,922 12.23 10.363,153 32.71 11.233,522 30.20
2014-2015 3.704,956 9.29 11.504,279 32.21 12.467,959 29.70
2015-2016 4.025,595 8.65 12.566,646 32.03 13.764,037 29.20
2016-2017 4.405,753 9.44 13.841,591 31.83 15.253,714 28.90
Table 3 shows the distribution of enterprises in rural and urban areas.
Table 3. Distribution of enterprises in rural and urban areas
Source: MSME Annual Report (State-wise estimated number of MSMEs).
Sector Micro Small Medium Total Share %
Rural 324.09 0.78 0.01 324.88 51
Urban 306.43 2.53 0.04 309.00 49
All 630.52 3.31 0.05 633.88 100
Source: MSME Annual Report (State-wise estimated number of MSMEs).
Figure 1. A percentage share of rural and urban MSMEs in throughout the country
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5. DISCUSSION
Despite the vital role played by MSMEs in industrial development, MSMEs meet various challenges. They include
the following:
1. Shortage of adequate capital and credit.
One of the biggest challenges, which presents the magnification of MSMEs in our country, is inadequate capital
and credit facilities. There is no easy access to loans in the banks. Many banks identify this situation as a crucial
reason for the industrial exhaustion of this sector. The position of affairs is complicated with the difficulties in
collaterals caused by the banks as well as cumbersome sanction procedures and delays in providing loans.
2. Shortage of infrastructural facilities.
There are many shortcomings in the infrastructure and inadequate support facilities in addition to insufficient
access to the main facilities like water, power supply, road/rail connectivity, etc. This affects the MSME sector
adversely.
3. Insufficient access and marketing linkages.
Due to necessitous marketing facilities and no Government support, the shortage of adequate marketing infra-
structure/network facilities continues to be a great challenge for MSMEs to sell their products in the market.
4. Shortage of skilled workers.
The shortage of skilled workforce at opportunity cost is a challenge for MSMEs in our country. This occurs due to
a lack of training and development.
5. Shortage of upgraded technology.
Most industries require advanced technologies for their operations in productions, whereas Indian MSMEs act
in the conditions of low technology development. This results in low productivity, and they fail to face competi-
tion. MSMEs should focus on enhancing productivity and quality as well as building new technology for overall
transformation.
6. SUGGESTIONS
Although the performance has increased over time, still various positions should be followed. Let us consider
some suggestions for MSMEs:
1. Easy financial assistance.
Many industries require the latest technologies in production. MSMEs face a shortage of technology, which re-
sults in declining productivity. They fail to face competition. MSMEs should focus on increasing production and
the quality of products.
2. Providing infrastructural and support facilities.
The infrastructure facilities, like power, the supply of raw material, road, electricity, rail, etc., do not reach a suf-
ficient level. These problems require solving. Alternative sources of energy should be applied. The overall devel-
opment of enterprises is necessary.
3. Creation of passable marketing.
The production activity should be increased. This will create a better market. The Government of India should
develop policies regarding MSMEs.
4. Skill development and capacity building.
Some substantial steps are required for skill development. Various training institutes may be opened for the train-
ing of entrepreneurs and workers that engage them in different activities.
5. Access to modern tools and technology.
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MSMEs today need to adopt various quality parameters as per international standards. Technologies should be
replaced and updated by the adoption of modern methods. The latest tools and technology for increased produc-
tivity and quality will provide a competitive market.
CONCLUSION
Over the years, MSMEs have achieved the highest significance by contributing to employment generation and ru-
ral industrialization. MSMEs possess enough potential in economic development like “Make in India”. This sector
has given resilience to sustain itself on the strength and by infusion of new technologies, capital, and innovative
marketing strategies.
Appropriate strategies should enter the ecosystem where these enterprises can access the benefits and are further
capable of meeting the emerging challenges of a globally competitive order. We should focus more on these short-
comings as this is the most emerging sector of the developed economy.
AUTHORS CONTRIBUTIONS
Conceptualization: Manisha Kakkar.
Formal Analysis: Amit Kumar.
Methodology: Amit Kumar, Manisha Kakkar.
Resources: Manisha Kakkar.
Supervision: Amit Kumar.
Writing – original draft: Manisha Kakkar.
Writing – review & editing: Amit Kumar.
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