MSMEs: The nuances beyond financial parameters

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MSMEs: The nuances beyond financial parameters - Business Standard

Quick Summary:

With the new government, the hope for a new gambit for MSMEs is a pressing priority at the moment, and any move is welcome in the wake of World MSME Day to be celebrated on June 27.

While the entrepreneur is at the heart of an MSME unit and has to be a ‘jack of all trades’ when it comes to handling an enterprise, the same feature will benefit the unit as a human-centred one compared to a system-driven and comparatively less adaptable large enterprise.

The regulators need to factor in the non-financial parameters as well while promoting MSME units, in addition to the current thrust on concessional tax, subsidies, and similar benefits.