Discover and read the best of Twitter Threads about #MSME

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#Thread

What are MSMEs? And why did the #Government set aside ₹3.7Lcr ($49bn) for #MSME support?

As the name suggests, #MSMEs (Micro, Small & Medium Enterprises) are small businesses. Their definition varies by country.

In India, the definition was changed last week.

1/n
Previously, MSMEs were defined according to investment in plant/machinery (if they were in #Manufacturing) or investment in equipment (if they were in #Services).

It went like this:

2/n
Last Wednesday, @nsitharaman announced a new definition for #MSMEs. Manufacturing & Services were clubbed and a new parameter - annual turnover - was added.

Now it goes like this:

3/n
Read 8 tweets
Woke up early to compose a list of top 30 micro and small business ideas that anyone who is looking for a job, a business idea or a side hustle can do. RT and like this. I’ll share later today!
Top 30 micro and small business ideas that anyone looking for a job, a business idea or a side hustle can do. RT & share with friends & followers.
I will deliver a FREE #MSME Masterclass next week. It will cover:

•How to Start a #MSME
•Clarifying your Business Idea
•Customers Segmentation
•Competitor Analysis
•Advertising & Branding
Gaining a Competitive Advantage etc

Follow Instagram.com/ogbenidipo for more details.
Read 3 tweets
केंद्राने आपल्या पॅकेजमध्ये केवळ लिक्विडीटीवर(लोन)भर न देता प्रत्यक्ष आर्थिक मदत करावी. राज्यांना प्रत्यक्ष अर्थसाह्य, सामाजिक योजनांच्या माध्यमातून लोकांना मदत,#MSME क्षेत्राला आर्थिक मदत व कृषी कर्जावरील व्याजात सवलत द्यावी व त्याच्या पारदर्शक अंमलबजावणीसाठीही एक यंत्रणा असावी.
रोजगारवाढीसाठी नवीन गुंतवणुकीला इन्व्हेस्टमेंट इन्सेंटीव्ह,वाहन कर्जावरील व्याजात सवलत व रोहयोला ताकद द्यावी.होम लोनच्या व्याजात सवलत दिल्यास बांधकाम क्षेत्राला चालना मिळून अकुशल कामगारांना काम मिळेल.प्रत्यक्ष आर्थिक मदतीमुळे क्रयशक्ती वाढून मागणी वाढेल व अर्थव्यवस्थाही गती घेईल.
तसेच या निमित्ताने #मेकइनइंडिया ची राहिलेली अंमलबजावणीही आपल्याला प्रभावीपणे करता येईल. आर्थिक मंदी व कोरोनामुळे निर्माण झालेली आजची परिस्थिती यात खूप मोठा फरक आहे. मंदीत थोडं-फार तरी उत्पन्न मिळत असतं, पण आज सगळंच ठप्प आहे. त्यामुळे यात केंद्र सरकारची भूमिका महत्त्वाची ठरते.
Read 4 tweets
While Modiji is aggressively wooing multinational companies to shift their manufacturing units into India; this unofficial ambassador of China is lampooning Modiji by calling him an IDIOT.
More than Xi Jinping, this @Swamy39 is more distressed due to companies leaving China.
1/6
When he was criticised for his defence for China, he calls his critics as is his wont; paid agents..
However, Swamy isnt able to explain how paid agents can't afford to reside in a decent quarter instead of a city sewer..On my part, I have never seen him residing in a sewer.
2/6
Swamy always attempts to portray PM Modi in poor light..He also endorses tweets which claim that Modi ji is intentionally not trying to repair slowing economy..
Underlying message is, ONLY Swamy has interest of India in his heart and Modiji does not care even though he is PM
3/6
Read 6 tweets
#Thread
CEEW unpacks #FM Nirmala Sitaraman's announcements on the booster measures to cope with & recover from #Covid19 induced shocks & to build a #SelfReliantIndia. We focus on Power sector, MSMEs, & NBFCs.
indianexpress.com/article/busine…
#AatmanirbharBharat 1/n
"Over 1/2 of the INR 5.8L CR stimulus announced today focused on our #MSME sector. 40% of India’s 450 mn informal workers are employed with MSMEs. The recovery of this sector is central to our economic resurgence & the workers' well-being," @GhoshArunabha #AatmanirbharBharat 2/n
"The #MSME sector is also the backbone of India’s #energy transition, and a key source of industrial emissions," @GhoshArunabha.
#AatmanirbharBharat #EconomicPackage #SelfReliantIndia
@someshjha7 @Firstday75 3/n
Read 10 tweets
#AatmaNirbharBharatAbhiyan
Based on 👇

Land,Labour,Liquidity&Laws that are not isolationist but inclusive

Ease of Doing Business

DBT,JanDhan,Aadhar, Micro Insurance,Ujjwala Yojana, Ayushman Bharat, PM Awaas Yojana,PM FasalBima Yojana,Krishi Sinchai,Swachh Bharat--Key Landmarks
GST,IBC&PSU Bank Recapitalisation in last 6 yrs,have been big reforms

52606Cr given via #DBT to 41Cr #JanDhan holders

Free wheat&rice to 69Cr ration card holders

18000Cr tax refunds given

Free cylinders to 8Cr #Ujjwala holders

#20lakhcrores #COVIDー19
#atmanirbharbharat
Project DevelopmentCells,working for Promotion of Champion Sectors,in States

#MakeInIndia&Upgradation of Industrial Infra,a success&more will be done to #Decongest economy

3376 SEZs&IndustrialParks with 5 lakhhectares,to be ranked& mapped,in terms of readiness for competition
Read 20 tweets
ஸ்டாலின் அவர்களின் கடைசி சில ட்வீட்டுகளை பார்த்தாலே தெரிய வரும். அவர் எவ்வளவு உழைக்கிறார் என்றும், அன்றாட மக்கள் பிரச்சினைகளுக்காக எவ்வளவு குரல் குடுக்கிறார் என்றும்.
அவரது உழைப்பிற்கு சான்றாக இந்த இழையில் அவரின் கடைசி சில ட்வீட்டுகளை பதிவிடுகிறேன்

#PeopleLeaderMKStalin
👉அன்னையர் தின வாழ்த்து

👉எம்பி தொகுதி மேம்பாட்டு நிதி ரத்தினை திரும்ப பெறக்கோரி

👉கொரோனா காலத்தில் டாஸ்மாக் கடைகளை மூடக்கோரி

👉பசியால் வாடும் ஏழைகளுக்காக ஒன்றிணைவோம் வா திட்டம் குறித்து

👉புதிய மின்சார சட்ட திருத்தத்தை எதிர்த்து

#PeopleLeaderMKStalin
👉 வணிகர் சங்கத்தினருடன் கொரோன கால இடர்கள் குறித்து உரையாடல்

#MSME தொழில்கள் குறித்து உரையாடல்

👉நீட் தேர்வு அட்டவணை வெளியிட்டதை எதிர்த்து

👉34,000 மாணவர்கள் கொரோனா அச்சத்தால் 12ம் வகுப்பு‌ தேர்வு எழுதவில்லை. அவர்களின் எதிர்காலம் குறித்து

#PeopleLeaderMKStalin
Read 10 tweets
Bringing #MSMEs back must be our top priority. It's not going to be easy. But, @PMOIndia @narendramodi must explore ways of recapitalizing them thro' multiple options. The entrepreneurial spirit must be maintained & sensible risktaking enabled. This thread is on how to do it.1/n
Firstly, the problem is simple to understand. #MSMEs have run out of capital. Were running low even pre covid. But, #Covid_19 depleted them severely. To comeback, they need fresh, start up capital. Else, restarting is very tough. Here, we see only one saviour -Govt. @PMOIndia.2/n
When we say #MSMEs can only be helped by Govt, let us first set ground rules. The idea is to recapitalise them swiftly so they work doubly hard to return to good shape, return monies & emerge stronger. Subsidies are not sought as freebies Giveaways are temporary & returnable.3/n
Read 12 tweets
Thrice in my work life, I have advised & engineered turnaround of virtually bankrupt #MSME firms. In all three instances, the working capital was destroyed and no fresh equity was infused.

Took them onto recovery & nursed them back to good health. Each case took five years. 1/n
In all cases, entrepreneur firmly believed lack of capital was the problem. They believed that if capital was given, #MSME could recover. In all 3 cases, the recovery happened without fresh capital. So much for how wrong ppl can be in knowing their own biz well enough. 2/n
The problem was simple. Each biz had a certain cash conversion cycle. This cycle needed to be kept tight & further tightened if possible. Entrepreneurs believed cycle was managed in the best possible manner. They saw little room to improve. There actually was plenty of scope. 3/n
Read 5 tweets
Finally, after so much wait, @RBI Governer comes out to provide much needed relief to economy - key announcements thread:

#RBI #economy #rbigovernor
1. Yes, even after all the projections of economic growth slip, India might still stay at the top of global economic growth chart (As per IMF).

#IMF #GDP
2. NBFCs, this time RBI has looked out for you.

TLTRO 2.0 - targeted long term repo operations of INR 50k crore ease the liqudiity issues, specifically for NBFCs.

#NBFC
Read 9 tweets
A simple understanding of the slowdown that has gripped us since 2015 (we are discounting all growth numbers put out) #EconomicSlowdown
Demographics bite–India’s Unemployment rate has spiked from 3.5% in 2010 to over 6% in 2018 : some estimates put this no. At over 9% for 2019
Gross Domestic Savings rate as a % of GDP has fallen from 34% in 2010 to 29% in 2018 – FYI we grew from 22% in 1991 to 26% in 1995 and from 28% in 2003 to 34% in 2010 (the so called boom years)
Gross Investment has fallen from a high of 41% of GDP in 2012 to 32% in FY 18
Subsidies remained flat during 2014 – 2018 (marginal increases ) compared to a near 6X increase between 2005 – 13 (putting more money in the hands of the consumer).
STAGFLATION in the Rural Economy between 2014-2019 did not help
Read 13 tweets
#STPIINDIA has been playing the role catalyst in bolstering the growth of #IT industry by providing state-of-the-art incubation facilities to #startups,#MSMEs & budding entrepreneurs in IT/ITeS sector to nurture tech-fueled entrepreneurship in India.#STPIIncubation #KnowAboutSTPI
In the early 90’s, when development of physical infrastructure needed massive investment, #STPIINDIA pioneered incubation services to nurture budding IT companies & promote them to leverage the enormous opportunities in software exports. #STPIIncubation #KnowAboutSTPI @Omkar_Raii
#STPIINDIA has been providing world-class incubation facilities to #startups, #MSMEs & budding entrepreneurs in #IT industry since 1991 to stimulate the growth of tech entrepreneurship pan-India by enabling hassle-free operations. #STPIIncubation #KnowAboutSTPI @Omkar_Raii
Read 48 tweets

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