Underlining the importance of Skill upgradation among MSMEs to bring them at par with globally required standards, Arun Kumar Panda, Secretary, Ministry of Micro, Small & Medium Enterprises, while speaking to ET on the occasion of the World MSME day, reiterated the Government’s resolve in bringing more MSME players into the formal fold. “Besides numerous benefits, getting formalised paves the way for timely, adequate and most importantly, cheaper access to credit, which is a major concern for MSMEs, Panda said.” Excerpts: Economic Times (ET): Training in the latest business skill-set is an area where MSMEs lag behind foreign counterparts. How do you plan to focus on the skill development of MSMEs?Arun Kumar Panda (AKP): Shortage in skilled workforce is one of the biggest challenges faced by Indian MSMEs. This problem is further aggravated by the fact that while on hand, MSMEs are not able to afford the high cost of skill-sets required to compete effectively, yet they need people who are skilled enough. Aimed to address such a mismatch, we have 18 technology centres and tool rooms which conduct various training programmes. These offer around 102 courses, of which, 76 are National Skills Qualifications Framework (NSQF) aligned. Further, there are… Read full this story
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