3. The business is from Karnataka and it is a
restaurant started by Mariam in 2014. It
began as a home bakery but has now turned
into a 90-seater restaurant with over 19
employees. She has employed previously
unemployed and unskilled women and
taught them the craft of baking.
5. Expedite Foods, from Gujarat, is a brand focusing
on rural India and ensuring that quality and
affordable snacks are available in the hinterlands.
With a USP of selling packed Indian ethnic snacks
for just Rs 5, Expedite Foods has its distribution
network entrenched in Gujarat, Madhya Pradesh
and Rajasthan. It says it services the outlets which
the big snack companies usually overlook.
6. Challenges Faced by MSME
Organizations.
1. Lack of Funds
2. Lack of Financial Knowledge
3. Lack of Technology
4. Lack of Skilled labour
5. Lack of Collateral for Loans and Borrowings
6. Absence of Standardized policies
7. Possible Solutions
1. MSME’s should approach organizations such as SIDBI (Small
industries development bank of India) and SSIB (Small scale
industries board) for Financial services and financial help.
2. The Government should involve with the Ministry of MSME
and help them to provide adequate Technology to MSME’S.
3. More collateral free loan schemes should be introduced by the
Govt for the MSME’s and MSME’s should be made more
aware about the Credit Guarantee Scheme by the govt which
provides collateral free loans to such institutions.
4. The Government should set up employment exchanges for
MSME’s which provide Skilled Labour at Accepted Prices.
5. MSME’s should approach to Schemes and Development
programmes introduced by Ministry of MSME’s for Financial
and Managerial assistance.
8. Procurement & Marketing Support Scheme
(P&MS)
• Develop Domestic Markets for MSME’s
• Promotion of New Markets access initiatives.
• Educate MSME’s on various features of Business
Development
• Educate about Trade Fairs latest market technique and
other such related topics.
9. Entrepreneurship and Skill Development
Programme (ESDP)
• Management Development Programme
• Entrepreneurship Awareness Programme
• Skill Development Programme