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MSME Schemes Unlock Credit & Markets for Small Businesses, Say Experts

Industry experts highlight that government-backed MSME schemes are crucial in providing low-interest credit and expanding market access for small businesses. Awareness programs, like one in Himachal Pradesh, guide entrepreneurs on starting and scaling ventures through these initiatives. A key focus is overcoming the major challenge of marketing by sensitizing businesses to public procurement opportunities. These efforts are drawing more participants to leverage MSME benefits for effective growth and sales.

Key Points: MSME Schemes Boost Credit, Market Access for Small Businesses

  • Low-interest credit access
  • Market support & public procurement
  • Entrepreneurship promotion
  • Awareness programs across states
2 min read

MSME schemes boost credit access, market support for small businesses: Industry experts

Government MSME schemes provide low-interest credit and market support, empowering entrepreneurs and tackling marketing challenges for small businesses.

"Marketing products remains a major challenge for MSMEs - Ashok Kumar Gautam, MSME IDS Officer"

New Delhi, Dec 31

The government-backed MSME schemes are playing a crucial role in promoting entrepreneurship, expanding market access, and providing low-interest credit to small businesses, industry experts said on Wednesday.

Speaking to IANS on the sideline of awareness programme in Sirmaur, Himachal Chamber of Commerce President Satish Goyal said that detailed information was provided on how entrepreneurs can start and expand their businesses under MSME schemes.

He said that the programme also guided young people on how they can begin new self-employment ventures with the support of MSME initiatives.

"The programme also guided young people on how they can begin new self-employment ventures with the support of MSME initiatives," he mentioned.

He described MSME as an important scheme of the central government and said that more people are coming forward to avail its benefits.

MSME IDS Officer Ashok Kumar Gautam said that awareness programmes are being organised across Himachal Pradesh to promote MSME schemes.

He said that a national seminar was organised in the industrial area of Gondpur in Paonta Sahib to promote the MSME Public Procurement and Market Support Scheme.

Gautam said that bank officials, experts from IIT Roorkee, representatives from the Industries Department and officers from the National SC-ST Hub were also present to share information with participants.

"Bank officials, experts from IIT Roorkee, representatives from the Industries Department and officers from the National SC-ST Hub were also present to share information with participants," Gautam mentioned.

He further said that marketing products remains a major challenge for MSMEs, and keeping this in mind, the programme focused on sensitising participants about market access and public procurement opportunities so that small enterprises can sell their products more effectively.

"Marketing products remains a major challenge for MSMEs, and keeping this in mind, the programme focused on sensitising participants about market access and public procurement opportunities so that small enterprises can sell their products more effectively," Gautam explained.

- IANS

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Reader Comments

P
Priya S
Good to see the government reaching out to places like Himachal. Youth unemployment is a big issue, and self-employment through MSMEs can be a solution. Hope the process is made simpler and less paperwork-heavy on the ground level.
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Aman W
The intent is great, but implementation is key. My cousin applied for a loan under an MSME scheme. It took months and so many visits to banks. The awareness is one thing, but the actual disbursement of benefits needs to be faster and more transparent.
S
Sarah B
Interesting to see the collaboration with IIT Roorkee experts. Bringing technical and managerial knowledge to small businesses is crucial for them to compete. Market access support is the missing piece for many.
V
Vikram M
Jai Hind! MSMEs are the backbone of our economy. When small businesses in states like HP grow, it creates local jobs and reduces migration to big cities. Public procurement can be a game-changer if the tendering process is made fair for small players.
K
Kavya N
As a woman entrepreneur, I hope these schemes have special focus and easier terms for women-led enterprises. We often face more hurdles in getting credit. The market support scheme sounds promising for our handicrafts business.

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