What are the key engagements of the MSME Development Institute, New Delhi?
Knowledge sharing and skill development are the two most important requirements for smaller businesses. Our institute works towards helping MSMEs in upgrading their knowledge and in acquiring skills that are needed in today’s business conditions. We educate the MSMEs through structured management upgradation programmes. Besides these activities that focus on the development of MSMEs, we also offer support services for quality improvement for these firms. We work on creating awareness about the need for quality, productivity and environment protection. We periodically conduct buyer- seller meets, which help entrepreneurs access potential customers.
What, according to you, is the biggest challenge for Indian MSMEs?
Based on my experience while dealing with entrepreneurs, I can state that marketing is a big challenge for Indian MSMEs. The Government of India is working towards bringing out policies and schemes to motivate MSMEs. The new procurement policy is a great example in this regard. However, this policy is only part of an ongoing journey. The entrepreneur must know how to position his business and market his expertise to the potential buyer.
In spite of several schemes available for MSMEs, these units find it difficult to grow. How can this situation be tackled?
Common dialogues between industry and the government policy makers need to become more pro-active.
More awareness is required about policies and schemes. The government and government agencies are making efforts to conduct seminars and interactive sessions for such knowledge exchange. However, since all of these policies are ‘need-based’ in nature, entrepreneurs must take the initiative of seeking information which affects their business.
What is the main reason for a gap between schemes announced and schemes availed?
I think entrepreneurs do not show enough interest and willingness to avail of the schemes and programmes which are designed for their betterment. The guidelines of these programmes are crystal clear, and they are available on public platforms. I feel that entrepreneurs do not prepare their documentation as per the required format. This becomes a major challenge.
What could be the solution to this problem?
The only solution for this challenge is for entrepreneurs to cultivate willingness to learn and adapt to new opportunities.