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Azim Premji University, FICCI, TISS roll out plan for employment generation in MSME sector 

Pehal News , Jan 24, 2021

Azim Premji University, Federation of Indian Chambers of Commerce and Industry (FICCI) and Tata Institute of Social Sciences, Mumbai (TISS) on Saturday introduced a brand new coverage proposal for creating an Udyog Sahayak Enterprises Network (USENET) for employment generation and scale-up in the MSME sector.

The report proposes the creation of a assist system that can enhance Ease of Doing Business for largely casual micro and small entrepreneurs. Udyog Sahayak Enterprises will take providers reminiscent of digitisation and formalisation, availing of presidency loans, subsidies or different advantages, guaranteeing compliance with native, regional, and nationwide regulation, aiding partnership with digital advertising and marketing platforms and digital fee platforms, to the micro-entrepreneurs at their doorstep, in line with a press launch.

The report estimates that by enabling scale-up, USENET can help in the creation of an extra 1 crore (10.3 million) jobs over 5 years going as much as almost 6 crores (56.9 million) over 10 years.

Anurag Behar, Vice-Chancellor of Azim Premji University, underlined the function performed by automation in weakening the connection between progress in value-added and progress in jobs. He noticed that “this endeavor is truly remarkable as you are putting a possible solution out there, not only identifying a problem”.

TISS Director Prof Sahlini Bharat famous the resonance with TISS’ mission of fostering socially related entrepreneurship and known as the proposal “simple in approach but lofty in goal.” She additionally noticed that the concept is a wonderful instance of supporting expertise for society. Finally she famous that such a system can even assist micro-enterprises emerge from the shock of Covid-19 which has hit this sector significantly arduous.

Presenting the coverage proposal, Chairman FICCI Telangana State Council and co-author of the report, T. Muralidharan underlined the issue of “jobless growth” and pointed out that we’re in hazard of shedding our demographic dividend. He known as for giving micro-entrepreneurs their due recognition in the making of the nation.

Report co-author and college member at Azim Premji University, Amit Basole, famous that “rather than creating more nano-entrepreneurs, we need to help existing MSEs to grow in size. We can do this by creating a support system which enables them to go digital, avail of government schemes, adopt new technologies, and increase productivity. This will create millions of new jobs.”

Commenting on the coverage proposal, Meghaben Desai of the Self Employed Women’s Association famous that the ability of the casual sector must be recognised and highlighted SEWA’s work on bringing farmers to digital platforms.

Mekin Maheshwari, co-founder of the Global Alliance for Mass Entrepreneurship, advisable that USENET might additionally incorporate a peer-to-peer studying element in addition to service provision. He additionally emphasised the scaling up and productiveness will increase had been the important thing, and easy technological enhancements might assist in this regard.

Dilip Chenoy, Secretary General of FICCI, recommended the authors on the collaborative effort and known as for a momentum to be created to take the concept ahead. He noticed that the quantity of funding known as for the proposal per MSE was lower than what state governments usually spend on skilling a person.

 

 

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Event:

 Usenet for Employment Generation and Scale-Up in The MSME Sector