The Institute of Chartered Accountants of India ( ICAI ) has launched the MSME Mentorship Programme & 100 Facilitation Centre.
With the growth of the Indian economy and employment generation capabilities, the Micro, Small, and Medium Enterprises (MSMEs) are considered to be the backbone of the national economic structure. As of date, the MSME sector accounts for nearly half of India’s total exports. This sector is rightfully being seen as a growth booster, providing resilience to ward off global economic adversities on account of the pandemic. The MSME sector is an important pillar to carry forward the vision of ‘Atmanirbhar Bharat’ and face the economic challenging situation posed by the COVID-19 pandemic.
In view of the importance of the sector in the economy, the Institute of Chartered Accountants of India (ICAI) today launched MSME Mentorship Programme & 100 Facilitation Centre for MSME/GST during the National Conclave on “Empowering MSMEs towards Aatmaniarbhar Bharat” to make them globally competitive.
With a strong ICAI network of 164 branches and 5 Regional Council and over 3 lakh members community, ICAI intends to reach out to MSME across the county to offer them a supporting hand in terms of policy and guidance.
As Partner in Nation Building, ICAI during the Conclave launched following initiatives to support and assist MSME in reaching out to the benefit and schemes provided by the government.
The conclave also witnessed an engaging technical session with experts from industry. The topics covered in the technical session included Rebooting MSMEs, Various Government Schemes for MSMEs and Alternate Sources of Funding for MSMEs.
Chief Guest on the occasion Shri Om Birla, Hon’ble Speaker, Lok Sabha while addressing the conclave said “MSMEs is the important pillar of the Indian economy and accounts for manufacturing of more than 45% of country’s products and 40% of export respectively. India has over 3.2 Cr. MSMEs which provide employment to 7 Cr. people.”
Applauding the efforts of ICAI he further added “ICAI in its existence of more than 7 decades has always been known for upholding the virtues of Accountability, Integrity, and Transparency in every sphere of country’s economic system. Chartered Accountants play a prominent role in the functioning of MSME sectors by providing them quality consultancy and policy guidance. Therefore this Mentorship program for the MSME sector is an important initiative that will help boost the development of this sector and will help MSMEs to reach out to various govt. Initiatives. The Facilitation Centres being opened by ICAI will provide guidance and assistance to MSMEs that will help MSMEs to grow.”
CA. Atul Kumar Gupta, President, ICAI addressing the members, mentioned that “Chartered Accountants are the true partner in nation-building and have played a very important role as a Corona warrior of this country for the economy. ICAI is working 24*7 to become a catalyst for socio-economic reforms towards Aatmaniarbhar Bharat, 5 trillion dollar economy and to provide support to various Government Initiatives.”
He further added, “Today ICAI is launching one of the largest initiatives in the country to support MSME. CAs will mentor & adopt at least 1 Lakh MSME units in the next 1 year on a pro bono basis to guide MSMEs to overcome the crisis caused by the COVID-19 pandemic and become a net exporter in the next 1-2 Years. In addition to this MSME mentorship program, ICAI is also starting 100+ Facilitation Centres across India through its branches on pro bono basis free of cost to guide MSMEs on various aspects of the economy, like GST, the revival of MSMSs and more.”
Further ICAI has also offered its global platform of 37 Chapters & 26 representative offices spread across 43 countries for Indian MSMEs to gain export market access through ICAI’s global presence. This network can be utilized by Indian MSMEs for gaining export market access. On its part, the Government can support through the organization of exhibitions, B2B meetings, networking meets for MSMEs to gain exposure and seize opportunities.
CA. Nihar N Jambusaria, Vice-President, ICAI delivered the vote of thanks &said”ICAI in true spirit has always supported various initiatives & schemes launched by the Government for the benefit of stakeholders & public at large be it in supporting the launch of GST, spreading awareness about Sabka Vishwas Scheme, Vivad Se Vishwas Scheme or providing policy inputs on various important issues. This MSMEs support programme will also be carryout in a systemic manner and MSMEs would be mentored in various areas, like raising funds, reaching out to government scheme and rebooting to contribute towards economy.”
The Conclave was held in the distinguished presence of Central Council members of ICAI, government representatives, and members of different segments.
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