September 17, 2021

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Number of MSMEs in Kerala doubled in last five years, says industries secretary Mohammed Hanish

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Entrepreneurs need to be able to make the most of government e-market facilities.

KOCHI: The number of micro, small and medium enterprises (MSMEs) in the state has more than doubled in the last five years, said APM Mohammed Hanish, principal secretary, department of industries. He added that the main advantage of the sector is that MSMEs have been given the freedom and strength to market their own products. He was inaugurating the MSME workshop series organized by the Kerala Management Association.

The growth of startups is the biggest contribution of the MSME sector to Kerala. This attracted the new generation to entrepreneurship and innovative ideas. Efforts are also being made to strengthen the MSME sector through initiatives such as the Athmanirbhar package and Mudra loan. States including Kerala have started issuing automatic licenses, he said. The procedures for launching MSME ventures will be simplified within the next six months. Hanish added that the entry of the e-commerce market will benefit the MSME sector.

G S Prakash, joint director, MSME Development Institute, said that anyone wishing to start an MSME project can register online for free through Udyam registration. “Those who have not yet registered through Udyam will have the opportunity to re-register before December 31,” he said.

Entrepreneurs need to be able to make the most of government e-market facilities. It is a large market with 52,651 buyers and 40,46,551 products. He also pointed out that the e-market is also a market where MSMEs can sell their products at a better price. The biggest challenge facing MSME is the delay in getting the money. He also reminded that the trade receivables discounting system should be utilized to overcome this.

“The MSME Act provides for MSEs to approach the Micro and Small Enterprises Facilitation Council constituted by the state government if it takes more than 45 days to receive payment. The MSME unit also has a facility to lodge a complaint on the portal MSME Samadhan regarding payment delays. There are several marketing support systems available. Entrepreneurs can only take full advantage of this if they understand exactly what it is. We should try to utilize most of SIDBI’s plans for the MSME sector. The MSME ministry has recently set up a grievance redressal portal to lodge complaints and suggestions against the central and state governments and banks,” Prakash said.

There are also special schemes for women entrepreneurs. Prakash said that if the cluster is formed and the ventures are started, many concessions and grants will be given. There are also many schemes for young entrepreneurs. He reminded that there are endless possibilities under the Make in India scheme and for start-ups.

In his introductory speech, KMA president R Madhav Chandran pointed out that MSMEs are in deep crisis. He said that KMA is organizing three consecutive workshops on the MSME sector.

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