National Level Learn-shop on development of MSME ecosystem organised by SIDBI & Grant Thornton Bharat (its PMU)
Aligned to AKAM celebrations, SIDBI along with its Project Management agency Grant Thornton (GT), organized on 30th June 2022, a National Level “Learn-shop” (Virtual programme) on development of the MSME ecosystem.
Hyderabad, July 1, 2022: Aligned to AKAM celebrations, SIDBI along with its Project Management agency Grant Thornton (GT), organized on 30th June 2022, a National Level “Learn-shop” (Virtual programme) on development of the MSME ecosystem. The objective was to learn and share good practices aligned to cluster centric development thus maximizing adoption and adaptation.
The keynote was delivered by S. Ramann CMD, SIDBI, who said that there is need to keep vibrancy in enterprise development models. He mentioned that SIDBI has prioritized cluster development theme but can only evolve sustainable strategy in coordination with stakeholders, key being state governments. He called upon all stakeholders to walk together for overall development of the MSME ecosystem in the country.
Earlier, while welcoming participants including officials from over 20 state governments, Shri V. Satya Venkata Rao DMD illustrated SIDBIs role in strengthening the enterprise value chain in cooperation with state governments. He also highlighted about SIDBI Cluster Development Fund Scheme which is supporting State Governments for building MSME Cluster Infrastructure. Furthermore, Prof. V. Padmanand, Partner, Public Sector Consulting, Grant Thornton Bharat elaborated on the key interventions and best practices evolved as a result of SIDBI’s engagement with various state governments/UTs through the deployment of PMU (Grant Thornton Bharat). The Guest of Honor, Shri D.K. Singh, IAS, Secretary General, NHRC spoke on the existing gaps in the MSME ecosystem and the means and ways to bridge the same.
The themes of the Panel Discussion included: Apt credit instruments for MSMEs; convergence of State/ GoI Schemes for hard infrastructure/ SIDBI Cluster Development Fund -SCDF,; Policy & Schemes to strengthen the MSME Ecosystem, Procurement of service providers; empowering through digitization Institutional capacity building of line departments and Industry Associations as the state level (Cluster development, twinning with GoI Schemes, Technology Business Development Services).
Few states are laying thrust on mini cluster development schemes thus fostering micro and rural enterprises. Some have evolved state level credit guarantee funds. Sessions on digitization validated that it’s a great enabler and can deepen the access of credit and non financial services. States are focusing on unserved/underdeveloped areas where SCDF like schemes complementing MSE-CDP and other GoI PPP based schemes can benefit from valuable support. In brief convergence, connect and consolidation through clusters shall be mainstay in the coming times. Capacity building of state level value chain actors is identified as crucial missing link. Building digital capacity of all stakeholders for effective delivery of available state, central and institutional benefits for MSMEs were identified as crucial connect. Tamil Nadu took the participants through its integrated access model for MSMEs by leveraging CGTMSE model, platforms such as TREDS and PSB59 platform set up under leadership of SIDBI. Importance of convergence of Central Govt schemes of MSECDP, SFURTI and leveraging SIDBI SCDF for overall development of MSME clusters was highlighted by panelists. Financial Institutions mentioned about their thrust on cluster based financing instruments learning from the initiatives of many state governments on establishing raw material banks and cluster based financial instruments.
SIDBI apprised about its initiative on Swavalamban Connect Kendra where handholding to youths for converting dreams into enterprise is being facilitated in 100 districts. SIDBI also apprised states about its end to end solution on credit access through its operating offices and its prioritizing the cluster centric, green embed enterprise development.
In addition to total 28 distinguished experts in MSME ecosystem domain who served as the panelists, distinguished personalities including DPS Kharbanda, IAS – Director, Technical Education and former Director of Industries, Government of Punjab, Anthony De Sa, IAS – Former Chief Secretary, Government of Madhya Pradesh and Meenakshi Sundaram, IAS – Secretary to Governor of Assam and former Commissioner of Industries, Government of Assam provided their expert inputs on best practices evolved for transforming MSME landscape in the country. Representatives of industry and government from 20 states attended the pioneering programme.