Event focuses challenges faced by Chhattisgarh SMEs, experts look for solution | SupportBiz


Event focuses challenges faced by Chhattisgarh SMEs, experts look for solution

The Secrets of Success for Small & Medium Business - Season II hosted its twelfth event along with local trade associations, Reliance commercial Capital, Bharti Airtel and Bank of India on November 20, in Raipur under the flagship India SME Forum, which brought to light many sensitive issues that are acting as hurdles in the progress of the SME sector in Raipur.

The Forum was inaugurated by P.M Parlewar, Director MSME-DI, Raipur, in the presence of J.P Saboo Past President, URLA Industries Association; Ramesh Aggarwal, President of Chhattisgarh Steel Chamber; Sushma Morthania, Director General, India SME Forum etc. Many eminent speakers including Nimish Pareekh, Head Risk Containment Unit & Policy-Reliance Commercial & Home Finance; S Rajeev, Deputy Director MSME, Raipur; Ajay Thakur, Head-BSE SME, and so on enlightened the participating SMEs with their insightful speech.

At the event, the role of big companies was thoroughly discussed, which were giving tough competition to the Small and Medium Enterprises (SMEs) that had been struggling for a concrete policy giving them relief from the challenges. The experts opined that the government should provide exclusive permission to the SMEs to manufacture selected products, which the big companies cannot make, to ensure effective and cheap marketing.

The experts also mentioned critical management conditions, inadequate knowledge and lack of proactiveness as other major causes for the growth gap of the SMEs. Moreover, Raipur SMEs do not avail the benefits of various schemes, offered by the government, banks etc. due to sheer ignorance, which is the biggest drawback in their progress.

The SMEs, on the other hand, blamed complicated procedures and risk aversion from bankers to be the main deterrent from approaching banks, which needed to be addressed. They added that the SMEs were unaware of many of the schemes, but the government had to effectively propagate the schemes in an interactive way and encourage more and more SMEs to pick up the benefits.