"SME-small and medium enterprise, the backbone of the Indian economy"

"SME-small and medium enterprise, the backbone of the Indian economy"

I had read the article "SME-small and medium enterprise, the backbone of the Indian economy"

and as I was an entrepreneur for 39 years, with two critical falls would like to state the following

1. God helps only those who want to help them

2.Expecting everything by govt for job creation

we should understand that in decades we have developed an ecosystem and now entrepreneurs and society should take it forward and govt can become a facilitator and make policy to make the development of MSME.

Now, for any point, sick MSMEs units have got 1 lakh crores as NPA but the jobs involved may be1 cr as per our estimate and I feel by investing@ 15000 cr by way of equity and by little push by govt, this jobs can be retained and govt in the next two or three years can earn 15000 crores by GST.

Also if these 1 crore jobs spent their salary for basic needs, it will have a money multiplier effect.

you may be aware that the UK Sinha committee, whose report also suggests a similar solution

coming back to the second part, whether MSME entrepreneurs, took into their own operational efficiency and passion? by analyzing their financials like balance sheet & Profit &loss, we can get 52 ratios which will make them aware of their efficiency optimization. I am Providing this service free of cost.

This alone can increase job retaining capacity by asp 3 cr jobs.

In Hindi, we say "Apna Hath Jagannath"

let all of us come out of the mindset of help from govt and let us do if what we can do ourselves for our own unit and with pro advice govt, a lot of things will align.

Regards,

N.P. Desai

Chief Consultant

Address: B-1, 1st Floor,

Cooperative Industrial Estate,

Balanagar, Hyderabad, Telangana 500037

Mobile: 9885326553

Email: growthidealab@gmail.com

Website: www.growthidealab.com

Video Links: https://www.youtube.com/watch?v=tFFvWoutoEw

https://www.youtube.com/watch?v=5nt77QE3aB8

Economy Survey 2019

“Make in India” can be enhanced by the revival of sick MSME units

 “Make in India” can be enhanced by the revival of sick                                                  MSME units
From Late 2014, Govt of India has started various programs/scheme to enhance employment in the ecosystem.
As per MSME Pulse June issue, the amount of Rs.81000 cr is in NPA for MSME.
Our estimate shows that if these units get closed, about 1cr jobs will be lost.
We have developed an equity kind of investment in loan range of 1Cr to 10cr. If their bankers are open to this experiment.
We appeal to all stakeholders to look into the possibility of pilot experiment with predetermined parameters on a certain time scale so the results can be evolved.

HOW TO IMPROVE YOUR CURRENT RATIO

HOW TO IMPROVE YOUR CURRENT RATIO   

Is your current ratio is bad? have you heard this comment from your bankers.what do you in that case?

Reputation management is critical in every business, but MSME's doesn't apply this to their industries.

once if we are aware of our current ratio is in a bad position. we cannot find the solutions to that overnight. we need to make the analysis slowly.

MSME's who are old doesn't look into their historical stock or maybe they are emotionally attached to the stock by this they may avoid the hard situations.

Also, they think, it is too small to have their attention. But they
make mistake for attitude or culture of their organization.

Please think very seriously and change.

RBI constitutes expert committee on MSME

RBI Constitutes expert committee on MSME

RBI circular dated 02/01/2019 for above, all committee members expect Shri Mishra are connected with MSME.
From 1969, every central and state government had encouraged the MSME sector for their own purpose. To create one job in MSME  50000 to 300000 capital investment is required.where as for the large industry to create one job in MSME 50lacs to a few crore capital investment may require.
In the last 5 decades, all the stakeholder's had tried to find out a suitable ecosystem for growth. Unfortunately, 90000cr NPA's in this sector but no survey has been done to find out how many jobs are at stake. The suicides are more in this sector than farmers.
All media and politician are not noticing it and I appeal to all stakeholders for MSME ecosystem has to become aware of this fact.
We have developed a model for the revival of sick MSME by equity model.
I hope RBI should form a sub-committee where MSME entrepreneurs, consultants should be included.

Regards,
N.P.Desai
Chief Consultant
M:9885326553
Email: desai@growthidealab.com
Website: www.growthidealab.com

Book campaign

                             
                                   Book Campaign: https://www.indiegogo.com/projects/the-unexplored-goldmine#/

The goldmine in MSMEs

Do you want to know the goldmine equivalent opportunities in MSMEs? The Unexplored Goldmine is the way to go. Greetings! This is Nilesh Desai, a veteran social entrepreneur passionately working on the revival of sick MSME units in India for the last 39 years. There are around 6.3 crore MSME units currently operating in India of which 10% are sick. When MSME fails due to financial difficulty, it’s not only an economic loss for its owners but it also leads to the loss of employment of people working in it.    Now I am at that stage of life where I trying to give back to society. I am pretty sure I can create a great impact using my knowledge and experience and this is what drives my passion towards reviving sick MSMEs. I again believe my goal can affect thousands of lives in a positive way. The book will be a journey through case studies, and real-life stories of entrepreneurs who struggle to tackle difficult problems to keep their firms up and running. It would be a chance for social entrepreneurs to realize the opportunities that lie hidden in the revival of sick MSMEs. Additionally, the book will be an eye-opener to students who aspire to be entrepreneurs in the future, and also for stakeholders in the MSME sector. The book "The Unexplored Goldmine - The opportunities in the revival of sick MSMEs" is going to be launched on 21st June 2019. The presale of the book ends on 17th June 2019. So, Hurry up! Avail the offer soon. The cost of the book is: India:  Presale: Rs. 250*     Sale: Rs. 350* Rest of the World:  Presale: $5*         Sale: $7* Shipping Charges will be added extra You can order either from the Indiegogo page or pay directly to Name: Nilesh Desai Bank: Andhra Bank A/C No: 052610100120763   IFSC Code: ANDB0000526 And inform the same via WhatsApp (9885326553) or mail to growthidealab@gmail.com Get Your Copy Regards, Nilesh Desai  Address: B-1, 1st Floor, Cooperative Industrial Estate, Balanagar, Hyderabad, Telangana 500037 M:9885326553 Email: smeanalyticsfinancial@gmail.com Website: www.smeanalytics.in Book Website: https://www.msmegoldmine.in/ Book Campaign: https://www.indiegogo.com/projects/the-unexplored-goldmine#/ Video Links:  https://www.youtube.com/watch?v=tFFvWoutoEw https://www.youtube.com/watch?v=5nt77QE3aB8