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Showing posts from November 11, 2018

MSME Senerio in India

News Letter Date:17/11/18 MSME Senerio in India

In 1969, Indira Gandhi nationalised the banks. one of the agenda may be to tackle unemployment by directional lendings. From that time, until today, in one form or the other same is continuing. As of today, 1 job can be created by 50000 to 300000 capital investment. Few pointers I would like to bring out:
1. All these years, a lot of entrepreneurs are created but there are failures in ventures. This has created a lot of social disorders like entrepreneur's kids are not ready to join the venture as succession. At some stage in their life, children ask "What did you do for me" and they desert parents. For the last 30 to 40 years, I am trying to inform academia and scholars to study the impact of failed entrepreneurs and its social effect.
2. We have created app 6cr MSME employing 11cr people i.e., 44cr lives. During the last 3 years, the rate of growth of MSME may be 15-20% year on year. But if we take NPA(as per MSME Pulse) app…

12 Point Agenda for MSME

News Letter 12 Point Agenda for MSME Date:11/11/2018 Sri Modi announced new MSME policy on 2nd NOV One Point which attracted my attention is an effort to create deep bill discounting culture which is a need of the hour. As the requirement any corporate above 500cr do not register on Tradex, bill discounting platform, what happens to MSME? From Independence we have gone on the penalty based system, can we change to the incentive-based system so that the real impact to all MSME can come. Let policymakers think and work out ways for it.
Regards,N.P. Desai

2nd Nov Announcement by Honourable Prime Minister for MSME

News Letter 2nd Nov Announcement by Honourable Prime Minister for MSME Date:11/11/2018
It was good to hear 12 points Diwali Bananza announced by Sri Narendra Modi. The policy makers seating in A/C cabins and Chairman of Banks on whom the Prime Minister depend to give this Diwali Bananza. Let the Chairman or Executive director of Banks directly interact with their Own Small customers and Understand. Sri Modi said that 6.3cr MSME is giving employment to 11cr people which means app 44cr lives and the top of the system, Sri Narendra Modi is seating, there are a lot of filters and he is not getting any ground level pictures. Every Minister in both Central & States bureaucrats at both Centre and States, various Commissioner in Industry departments are only giving lip sympathy to these new entrepreneurs. Let us see the problem from 10 to 20 years perspective. We are creating Social disorder by the children of these entrepreneurs. They do not want to join this and they blame "What did you d…