In today’s increasingly specialized and cut-throat world, a person needs in-depth knowledge and extensive domain expertise to handle a particular department even in a small company. But it is highly unfortunate that people with no qualification or expertise become Presidents, Governors, Prime Ministers, ministers, and bureaucrats in India to manage highly complex domains of governance. That’s why India continues to be a poor, underdeveloped country. Click here to read more.
The President of India, Ram Nath Kovind, said today that the MSME sector is leveraging the demographic dividend of the country and promoting inclusive growth in rural and backward areas.
He said that MSME sector accounts for around 60% employment in India, adding that there are 6.5 crore MSME units across the country employing over 11 crore people and contributing over 10% growth which is higher than heavy industrial units.
The President inaugurated the Udyam Sangam-2018 in New Delhi today. Referring to Udyam Sakhi portal of the MSME Ministry, he said that it will empower women and weaker sections by providing training to 80 lakh women.
The President appreciated the work done by Arunachalam Muruganatham in promoting women’s hygiene by manufacturing low-cost sanitary napkins. Entrepreneurs in more than 100 countries are now trying to replicate this.
A film documenting his struggle has been made. The President desired that many more such films documenting the contributions of innovative Micro and Small Entrepreneurs should be produced.
The President launched the Solar Charkha Mission today which will cover 50 clusters and every cluster will employ 400 to 2000 artisans. The Mission has been approved by the Government of India for which the MSME Ministry will disburse subsidy of Rs. 550 crores to the artisans.
He further said that the Solar Charkha Mission will generate employment in rural areas and contribute to the green economy.
The President also referred to the special relief given to the MSME sector under Insolvency and Bankruptcy Code which will allow promoters to bid for an enterprise undergoing Corporate Insolvency Resolution Process.
Kovind mentioned that micro and small units are producing parts for Indian Space Research Organization (ISRO) and Tejas fighter aircraft. He expressed hope that deliberations at the conclave today will throw new solutions so that micro and small entrepreneurs may be able to occupy a space at the global level.
Photo courtesy: Press Information Bureau
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