Latest news with #RaisingandAcceleratingMSMEPerformance
Time of India
a day ago
- Business
- Time of India
Will cut red tape, but locals must get jobs: CM to Goa Inc
Panaji: Chief minister Pramod Sawant has promised Goa's private sector fewer bureaucratic delays, greater transparency, and stronger support but sought an assurance that locals would get preference when employment opportunities arise. Sawant also asked Goa Inc to commit to the complete treatment of hazardous waste at the Pissurlem hazardous waste treatment plant. Sawant, who was speaking at the Goa Chamber of Commerce and Industry's annual body meeting, said that the private sector and govt need to work hand in hand to create an industrial revolution in the state. 'Our focus is clear. To reduce red tape, increase transparency, and support businesses through every stage from registration to expansion,' Sawant said. 'This is govt's focus. I have given instructions to all departments to follow this 100%,' he added. Sawant said govt has already brought 20 services online to improve ease of doing business, with more services being digitised. He also said that self-certification and deemed approval for certain clearances were introduced to make it easier to do business in Goa. 'Over the past 10 years, we spent more than Rs 30,000 crore on public infrastructure, including connectivity from airport to port, port to railway, and rail to national highway,' Sawant said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologists: Losing a Hanging Tummy Comes Down To This 1 Thing Health Wellness Journal Learn more Undo 'We are setting up business facilitation centres and women facilitation centres in the state under the Raising and Accelerating MSME Performance scheme.' He then expressed disappointment over what he perceived as the private sector not doing its bit to support govt. He said that despite the state setting up a facility at Pissurlem to treat hazardous waste, just 50 of the 350 industries that generate hazardous waste have signed up. 'We need to find where the remaining hazardous waste is going. Goa is industry-friendly, but we want hazardous waste to be treated in the right manner,' he said. 'If there are issues, let's discuss them.'
India Today
2 days ago
- Business
- India Today
Maharashtra partners with Nasscom foundation to boost micro-entrepreneurship
Aligned with MSME Day, Nasscom Foundation signed a flagship Memorandum of Understanding (MoU) with the Maharashtra Small Scale Industries Development Corporation Ltd. (MSSIDC), Government of Maharashtra. The collaboration aims to drive a large-scale capacity building program focused on strengthening the competitiveness and sustainability of 15,000 Udyam-registered micro and small entrepreneurs across the state with special focus on empowering women entrepreneurs. Nasscom Foundation will work closely with MSSIDC officials and the KPMG-led State Program Implementation Unit to strengthen the capacities of these micro initiative will be implemented under the Raising and Accelerating MSME Performance (RAMP) Programme, supported by the World Bank. It focuses on women entrepreneurs across key sectors such as energy efficiency, textiles, coir, handicrafts, renewable energy, manufacturing, waste management, and ODOP industries, enabling them with better access to digital tools, finance, and and training on the (Intellectual Property Rights) IPR Scheme for MSMEs, guidance on loans and digital loan application processes, and financial knowledge and managThrough this project, Nasscom Foundation will deliver a structured capacity-building program focused on three critical areas. ement. The initiative is designed not just to inform but to equip entrepreneurs with practical tools they need to formalize their businesses, access credit, and scale sustainably. Jyoti Sharma, CEO, Nasscom Foundation, emphasizing on the need for this initiative in today's business landscape commented, "Our MSMEs don't lack ideas, they often just lack access. This partnership with Maharashtra Small Scale Industries Development Corporation is about changing that. By offering targeted capacity building, we are not only supporting the entrepreneurs especially the women entrepreneurs, understand policies and processes but giving them the tools to build stronger, more resilient businesses. It's a step toward making India's MSME sector truly inclusive, digitally equipped, and globally competitive."advertisementPrashali Jadhav Dighavkar, Joint Managing Director, Maharashtra Small Scale Industries Development Corporation Ltd., said, "Strengthening MSMEs is central to driving Maharashtra's economic growth, and Intellectual Property Rights (IPRs) are a critical part of that journey. By building awareness about IPR across the state, we aim to equip small-scale industries with the knowledge and tools they need to protect their innovations and scale sustainably. These joint efforts are not just about legal awareness-they are about fostering innovation, encouraging ideation, and enabling the incubation of new businesses and entrepreneurial ventures that will shape the future of Maharashtra's MSME ecosystem."While MSMEs form the backbone of India's economy, they continue to face systemic challenges such as informal operations, limited access to credit, lack of awareness about government schemes, and weak digital adoption. This program addresses these challenges by offering entrepreneurs clarity, capability, and connection. By focusing on practical knowledge, scalable delivery, and strong government collaboration, this initiative aims to build a stronger, more future-ready MSME ecosystem in Maharashtra-and eventually, across Maharashtra Small Scale Industries Development Corporation Ltd., (MSSIDC), was established on October 19, 1962, with a view to giving a new orientation and strength to the development of Small Scale Industries (SSI) in the State of Maharashtra. The main objective of MSSIDC is to aid, counsel, assist, finance, protect and promote the interests of Small Industries. The Corporation renders assistance to approximately 30000 SSI units in the State. MSSIDC plays a vital role in revival, development, and growth of traditional handicrafts of Maharashtra by responding to the diversified needs of rural artisans and marketing their products in India as well as abroad.- Ends
Time of India
2 days ago
- Business
- Time of India
Nasscom Foundation Signs MoU with Maharashtra Small Scale Industries Development Corporation Ltd.
Mumbai: Aligned with MSME Day , Nasscom Foundation signed a flagship Memorandum of Understanding (MoU) with the Maharashtra Small Scale Industries Development Corporation Ltd . (MSSIDC), Government of Maharashtra. The collaboration aims to drive a large-scale capacity building program focused on strengthening the competitiveness and sustainability of 15,000 Udyam-registered micro and small entrepreneurs across the state with special focus on empowering women entrepreneurs . Nasscom Foundation will work closely with MSSIDC officials and the KPMG-led State Program Implementation Unit to strengthen the capacities of these micro entrepreneurs. The initiative will be implemented under the Raising and Accelerating MSME Performance (RAMP) Programme, supported by the World Bank. It focuses on women entrepreneurs across key sectors such as energy efficiency, textiles, coir, handicrafts, renewable energy, manufacturing, waste management, and ODOP industries, enabling them with better access to digital tools, finance, and information. Through this project, Nasscom Foundation will deliver a structured capacity-building program focused on three critical areas. Awareness and training on the (Intellectual Property Rights) IPR Scheme for MSMEs, guidance on loans and digital loan application processes, and financial knowledge and management. The initiative is designed not just to inform but to equip entrepreneurs with practical tools they need to formalize their businesses, access credit, and scale sustainably. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Dubai villas | search ads Get Deals Undo Jyoti Sharma, CEO, Nasscom Foundation, said, in a statement, 'Our MSMEs don't lack ideas, they often just lack access. This partnership with Maharashtra Small Scale Industries Development Corporation is about changing that. By offering targeted capacity building, we are not only supporting the entrepreneurs especially the women entrepreneurs, understand policies and processes but giving them the tools to build stronger, more resilient businesses. It's a step toward making India's MSME sector truly inclusive, digitally equipped, and globally competitive.' Prashali Jadhav Dighavkar, Joint Managing Director, Maharashtra Small Scale Industries Development Corporation Ltd., said, 'Strengthening MSMEs is central to driving Maharashtra's economic growth, and Intellectual Property Rights (IPRs) are a critical part of that journey. By building awareness about IPR across the state, we aim to equip small-scale industries with the knowledge and tools they need to protect their innovations and scale sustainably. These joint efforts are not just about legal awareness—they are about fostering innovation, encouraging ideation, and enabling the incubation of new businesses and entrepreneurial ventures that will shape the future of Maharashtra's MSME ecosystem.' Live Events While MSMEs form the backbone of India's economy, they continue to face systemic challenges such as informal operations, limited access to credit, lack of awareness about government schemes, and weak digital adoption. This program addresses these challenges by offering entrepreneurs clarity, capability, and connection. By focusing on practical knowledge, scalable delivery, and strong government collaboration, this initiative aims to build a stronger, more future-ready MSME ecosystem in Maharashtra—and eventually, across India.
Time of India
4 days ago
- Business
- Time of India
Day-long workshop to promote Koraput's GI-tagged products
Koraput: In order to promote Koraput's Geographical Indication (GI)-tagged products, the department of MSME, the state govt, in collaboration with the district administration, conducted a daylong workshop here on Wednesday under Centre's Raising and Accelerating MSME Performance (RAMP) scheme. Officials said the workshop was centred on enhancing the marketing, branding and authorized user registration of three GI products from the region Koraput - kala jeera rice, Kotpad saree and Koraput coffee. "The initiative is designed to empower local MSMEs, farmers, weavers and producer groups by equipping them with the tools and knowledge required to expand market reach and improve product value," collector (Koraput) Keerthi Vasan V said. Officials stated that the programme featured expert-led capacity-building sessions, hand-holding support for GI-authorized user registration and strategic interventions to explore both domestic and international markets. "This effort will not only strengthen the brand identity of Koraput's indigenous products but also provide livelihood opportunities and entrepreneurial momentum to rural and tribal communities," the collector added. Pravakar Das, joint director of the Directorate of Export Promotion and Marketing, elaborated on the key objectives of the outreach programme, including strengthening market access, facilitating GI-authorized user registration, empowering producers through training in branding, packaging and marketing and promoting value addition and innovation in tribal and rural clusters. The initiative, officials said, aligns with the broader goals of sustainable development and heritage-based enterprise and are expected to create lasting impact by integrating traditional knowledge with modern enterprise support systems.
Mint
20-06-2025
- Business
- Mint
Centre to launch online MSME dispute resolution portal on 27 June
NEW DELHI : The government is set to launch an online dispute resolution (ODR platform for small businesses to improve their ease of doing business on 27 June, according to two officials directly aware of the development. 'The MSME ODR portal has been tested, and dispute resolution using the portal has also begun during the testing phase," said one of the officials on the condition of anonymity. The portal, a part of the government's World Bank-supported Raising and Accelerating MSME Performance (RAMP) scheme, is aimed at resolving delayed payment disputes by facilitating communication between debtors and micro and small enterprises (MSEs), said the second official. Also Read: Bank loan sanctions to MSMEs for job creation down nearly a third in FY25 Mint first reported on 12 March that the government was going to digitize to dispute resolution for small businesses. So far, micro and small enterprises facilitation councils (MSEFCs) have resolved disputes, especially those related to delayed payments. As of the date, 161 councils have disposed of over 52,000 cases involving transactions worth ₹9,241 crore, out of nearly 100,000 such complaints by MSEs. Data on the micro, small, and medium enterprises (MSME) ministry's delayed payment monitoring system, Samadhaan portal, showed that more than 20 MSEFCs had not resolved a single case since their launch in 2017. The data also showed a wide variance in MSEFCs' actions. While 27 MSEFCs saw not even a single case, a few councils, such as MSEFC Mumbai, MSEFC Pune, and MSEFC Gandhinagar, resolved a considerable number of cases. MSEFC Mumbai resolved 4,625 matters involving about ₹750 crore out of the 7,756 cases it received. MSEFC Pune saw 6,956 complaints and resolved 5,271 of them, involving ₹223 crore. MSEFC Gandhinagar received 6,297 grievances and resolved 5,777 cases involving ₹809 crore, showed the data. 'As of the date, approximately 42% of the applications filed by MSEs are either yet to be viewed by MSEFCs or are at the consideration stage," said Krunal Modi, founding member and chief of staff, ODR platform Presolv360. 'One of the local MSEs recently shared with us that their first meeting was called by the concerned council after four months of filing the case. Additionally, our interactions with various MSEFCs have revealed that there is not only a manpower constraint but also a lack of physical infrastructure," he added. Also Read: MSMEs call for relaxations in the new FEMA regulations for exports and imports Under the procedure laid down in the MSME Development Act, 2006, micro and small businesses can approach these councils to seek payments from buyers that have been delayed longer than 45 days. Private mediators Interestingly, the new portal will allow private ODR service providers to be empanelled, putting into motion a key provision in the Act allowing MSEFCs to delegate cases to private institutions. As per the powers given to an MSEFC under Section 18 of the Act, an MSEFC can either conduct arbitration and conciliation proceedings in cases filed or provide assistance to any institution that provides alternative dispute resolution services. Alternative dispute resolution refers to any dispute resolution that takes place beyond courts. It includes procedures such as arbitration, mediation, and conciliation, where parties can resolve their issues speedily. Independent or private institutions providing ODR services shall only provide services through the new portal, as stated in the 2 April guidelines for appointment of such firms. The guidelines said these institutions should maintain a panel of arbitrators, mediators, and conciliators to resolve disputes on the portal. MSEFCs are created and operated by state or Union territory governments, as per the MSME Development Act. These states will have to enter into agreements with private ODR service providers after seeking information related to their operations. State governments will gather information related to the private ODR firms' incorporation, as well as about fees charged, the number of disputes resolved through arbitration, mediation, or conciliation, the guidelines said. More needs to be done However, the model followed by MSEFCs may not follow a key principle of arbitration—party autonomy, according to experts. 'The ADR procedure laid down in the Act has an element of conflict of interest, where the MSEFC can itself refer the matter for arbitration without mutual consent of the parties. Also, there is no bar for the conciliator or mediator sitting as an arbitrator," said P. Madhava Rao, registrar at Hyderabad's Amika Arbitration and Mediation Council, which provides ODR services. Also Read: MSME makeover: New definitions unlock bigger benefits, faster resolutions 'The main obstacle in the MSEFC ecosystem is the delay in resolving grievances and the presence of conflicts of interest," Rao added. States will also have to ensure that the dispute resolution personnel from private ODR firms abide by the MSME Development Act and the Arbitration & Conciliation Act, 1996. The Arbitration & Conciliation Act is currently undergoing reform, with the Union ministry of law and justice pushing for more institutional arbitration, Mint reported on 18 October 2024.
