MSME Ministry refocuses schemes o support small businesses

Vastavam web: The Micro, Small and Medium Enterprises Ministry has re-oriented its various schemes to support small businesses and would roll them out very soon, a senior official said. “So we have re-oriented our schemes and very soon we will roll them out one by one and in this entire ecosystem we should invest, co-invest together,” Additional Secretary in the MSME Ministry, Ram Mohan Mishra, said at an Assocham conference here.

He said that while risk comes from various factors like governance, lack of logistics, dearth of proper technology, improper design and packaging, de-risking businesses and value chains are the most important thing. He added that through its schemes, the government is committed to boosting capacity of MSME industry in order to reduce the load on big entrepreneurs. Mishra also said that India can reclaim its position of being major global exporter provided all businesses be it big, medium, small and micro enterprises work collectively, become more efficient and productive.