India’s Micro Small and Medium Enterprises (MSMEs) are vital for the economy as they contribute around 30 per cent to the GDP and employ the largest number of people in the industrial and services sectors. There are 63 million MSMEs, both registered and unregistered, in India and they contribute 6.11 percent of the manufacturing GDP and 24.6 per cent of the services GDP. The MSME sector in India is highly heterogeneous in terms of the size of the Enterprises, variety of products and services produced and the levels of technology employed. While one end of the MSME spectrum contains highly innovative and high growth enterprises, more than 94 per cent of MSMEs are unregistered, with a large number Established in the informal or unorganized sector. Besides the growth potential of the sector and its critical role in the manufacturing and value chains, the heterogeneity and the unorganised nature of the Indian MSMEs are important aspects that need to be factored into policy making and programme implementation. In order to provide Mentoring and help to MSMEs across the country, PHD Chamber of Commerce and Industry has established a PHD- MSME Mentoring and Guidance Centre. This Centre would provide all kind of guidance and support for the promotion and growth of the MSMEs. This Centre through its Web portal would reach out to the MSMEs. I invite MSMEs to take advantage of PHD MSME Mentoring and Guidance Centre and avail all the services.
As we all know that Micro, Small and Medium Enterprise (MSMEs) constitute over 90 percent of total enterprises in most of the economies .The sector is critical in meeting the national objectives of generating employment, reducing poverty, and discouraging rural-urban migration. MSMEs manufacture more than 6,000 products ranging from traditional to high tech items. These enterprises help to build a thriving entrepreneurial eco-system, in addition to promoting the use of indigenous technologies. Indian 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. SMEs 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 areas. MSMEs account for about 45% of India’s manufacturing output. PHD MSME Mentoring and Guidance Centre with all its expertise and information is a key initiative of PHD Chamber to render all kinds of services required by MSMEs. I hope the MSMEs would avail all the benefits of this Centre.
The government’s focused approach toward the growth of MSME sector is evident from various announcements made in the Union Budget for MSMEs, such as 2% interest subvention for all GST registered MSMEs on fresh or incremental loans, creation of a payment platform, extension of the pension benefits, solving the issue of Angel Tax, speedy assessments of start-ups, extension of stand-up India scheme, among others. The government has very rightly focused on the importance of MSMEs in the economy. The strategic and visionary focus towards for the growth of this sector would act as a stimulus for the growth. However, MSMEs are still facing certain constraints in their growth which need to be addressed urgently. Therefore, PHD Chamber of Commerce has established the MSME Mentoring and Guidance Centre along with a MSME Portal to provide all required information and support to the MSMEs. I wish the Centre a great success.
With the government of India putting the development of the MSME sector as top priority, and the state governments of all states aligning themselves to this objective through implementation of various schemes, the future for MSMEs is brightening up. The MSME companies need to be aware of the schemes and financial aids being offered through various banking and non-banking channels to fund their innovation. With increasing participation of SMEs in the innovative exchange platform, along with their active opt-in for third party credit ratings, access to capital, both equity and debt, should no longer be a bottleneck for growth and expansion. These financial aids and processes will not only give the MSMEs a much needed reprieve from their liquidity crunch, but also help them in instilling the rigour of process, transparency and quality. To achieve these goals, chamber was set up PHD MSME Mentoring and Guidance centre to facilitate the members to access various support services and schemes of the Government and other agencies.”
MSME Mentoring and Guidance Centre is an initiative of PHD Chamber, it is a ONE STOP PLATFORM for MSMEs to avail various services and schemes and resolve their problems. It is an interactive medium to render mentoring and advisory services to the members by PHD-MSME Centre. The Portal is meant to provide required assistance to MSMEs with regard to their needs for availing Government Assistance Schemes, Registrations with Government Authorities like Udyog Aadhar, GeM, NSIC, DGFT etc. and provide information and guidance on other issues of Finance & Credit, Technology, Marketing, Exports, Environment and IPRs etc.
The main objectives of PHD-MSME Mentoring and Guidance Centre is to help in providing solutions to MSMEs with initiatives to improve their productivity and efficiency. The Centre will facilitate MSME Member's networking with Government and other agencies and help in their capacity building for improving their global competitiveness.
In addition the Centre will also facilitate and guide MSME’s in the following areas:
a) Policy Advocacy to highlight pain points of MSMEs for improvement in business laws & regulations.
b) Bring improvements & changes in Government Assistance Schemes.
c) Render advice & mentoring supports to MSMEs.
d) Guide & mentor First Generation Entrepreneurs for new enterprise creation.
e) Help in transition and up gradation from Micro to Small, Small to Medium and Medium to Large Enterprises.
f) To facilitate networking of MSMEs with Government and other Stakeholders.
I would like to urge upon MSMEs to contact our Mentoring and Guidance Centre to avail the service.
PHD House, 4/2 Institutional
Area August Kranti Marg,
New Delhi 110016
+91-11-26863801-04 : 49545454