{"id":44462,"date":"2024-11-25T15:09:18","date_gmt":"2024-11-25T09:39:18","guid":{"rendered":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/11\/25\/sustainability-self-reliance-emerge-as-top-takeaways-for-msmes-in-pune-edition-of-et-make-in-india-sme-summit\/"},"modified":"2024-11-25T15:09:18","modified_gmt":"2024-11-25T09:39:18","slug":"sustainability-self-reliance-emerge-as-top-takeaways-for-msmes-in-pune-edition-of-et-make-in-india-sme-summit","status":"publish","type":"post","link":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/11\/25\/sustainability-self-reliance-emerge-as-top-takeaways-for-msmes-in-pune-edition-of-et-make-in-india-sme-summit\/","title":{"rendered":"Sustainability, self-reliance emerge as top takeaways for MSMEs in Pune edition of ET Make in India SME summit"},"content":{"rendered":"
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Pune (Maharashtra) [India],November 25:<\/strong> <\/span>The ET Make in India SME Regional Summit in Pune had a stellar start with a range of industry representatives, SME associations and small businesses who were a part of the event. These summits aim to unravel opportunities, tackle challenges and foster knowledge-sharing and networking to propel the next phase of growth for Indian MSMEs.<\/p>\n

The event started with a fireside chat that saw Rakesh Singh, Managing Director & CEO \u2013 Aditya Birla Finance Limited (ABFL) speak on the credit gap in the MSME segment being huge.\u00a0<\/strong>\u201cAccess to credit in this segment is around 50%,\u201d he said. The sector will be well served once it comes within the formal ambit of the economy.\u201d Talking about how a lending approach of one size fits all isn\u2019t able to cater to the varied needs of MSMEs, Singh stated that the needs of small business owners are very retail and consumer-like, because these are micro in nature, so it is important to deal with them like a consumer. On how Aditya Birla Finance Ltd. is scaling to match the growth rate of the MSME ecosystem, Mr. Singh mentioned, \u201cIn the last 2 years, our branch presence has grown from 159 to about 412. As per data from sectoral deployment of bank credit by RBI, credit exposure to MSMEs has grown at a CAGR of\u00a0about 14%\u00a0over last 2 years \u00a0 and Aditya Birla Finance Ltd. has \u00a0 outpaced this.\u201d<\/p>\n

A detailed presentation by Rishi Agrawal, CEO, TeamLease Regtech on India\u2019s regulatory cholesterol presented some shocking revelations<\/strong>. \u201cIndia\u2019s 69,233 compliances have 26,134 items that have jail terms and many of them may put entrepreneurs in jail for ten years,\u201d he said. Post his insights, industry leaders and association heads came together for an engaging panel discussion on \u2018Scaling MSMEs in Pune: Unlocking Growth Through Services and Manufacturing Synergy.\u2019 The panel delved on how MSMEs need to be self-sufficient, embrace sustainability and look at innovation more keenly to chart their next wave of growth. The expert panelists were Rujuta Jagtap, Member, EC, Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA); ED, Saj Test Plant; \u00a0Ravindra Sonwane, All India Vice President, Laghu Udyog Bharati; \u00a0 Hari P Srivastava, Founder Director & Vice Chairman, Deccan Chamber of Commerce Industries & Agriculture (DCCIA); Ramesh Prasad, Founder & MD, Econovus Packaging.<\/p>\n

To build and scale access to finance is just one of the requirements. Keeping that as the primary genesis, Aditya Birla Finance Ltd. has curated\u00a0Udyog Plus<\/a>, a digital platform to empower SME owners. A detailed presentation on this platform, showcased how MSMEs can utilize the various products and services on this one-stop digital shop, to grow and scale their operations. With these insightful sessions, the SME summit in Pune served as a key platform that offered networking opportunities to a range of small businesses and industry stalwarts showing what can be possible if the industry can collaborate effectively for win-wins in this journey.<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Pune (Maharashtra) [India],November 25: The ET Make in India SME Regional Summit in Pune had…<\/p>\n","protected":false},"author":2,"featured_media":44463,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1331],"class_list":["post-44462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/44462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/comments?post=44462"}],"version-history":[{"count":0,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/44462\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media\/44463"}],"wp:attachment":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media?parent=44462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/categories?post=44462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/tags?post=44462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}