Page 21 - Plastics News February 2021

AipmA At work

Recent MSME Policy Initiative and Atmanirbhar Scheme

IPMA in association with YES Bank had organised and wealth. Even though these industries and enterprises
Aa webinar on February 18,2021 to discuss recent form the backbone of our economy, they too need
MSME Policy . After two very successful sessions with YES assistance and protection from other multinationals as
Bank, this was the third session of the series. It has been they lack in resources and technology. To overcome this
a great collaborative effort from both the sides to help and help the MSME perform their best, the government
and provide MSME’s with the required knowledge and offers certain schemes, policies, rebates etc. for these
understanding of various policies and schemes for their enterprises. But to obtain maximum benefits of these
growth and development. Our experts for the evening schemes and policies, we should have full and proper
were:Mr. Vikesh Agrawal, Chartered Accountant, Ms. knowledge and understanding of these.
Radhika Piplani, Economist and Assistant Vice President, ‘Atmanirbhar Bharat Abhiyaan’, is being hailed as major
Business Economic Banking, YES BANK fiscal policy and relief measure package to assuage India’s
Successful businesses are the ones who are well informed. economic predicament amidst the pandemic with specific
More so on Govt. policies, changes, benefits linked to those emphasis on MSME revival. And there are many others
and more importantly how the benefits can be received. which could be useful for the industry.
Micro, Small and medium enterprises, or what in the Also, to excel and achieve success in our businesses,
popular parlance are called MSMEs, has long been accepted Global economy and global opportunities available play
as the engines of economic growth and development. The a significantly important role too.
impact of MSMEs in the global economy is a very crucial Key takeaways:
role in the construction of a society. The reason is that they Basics of MSME – new definition of MSME, criteria for MSME
not only provide ample job opportunities to the different qualification
strata of the society but also ensure the flow of money Benefits of MSME/Atmanirbhar Scheme
across the various levels of society.
Udyam Registration
Therefore, it is essentially important to look for more and
more opportunities in the described area. Life cycle of an MSME and various scheme/benefits by
Micro, Small and Medium Enterprises (SMEs) play a MSME ministry at various stages
major role in most economies, particularly in developing Current economic outlook in context of MSMEs
countries. MSMEs account for the majority of businesses Global economy and opportunities for MSMEs.
worldwide and are important contributors to job creation The program started with Mr Haren Sanghavi- Past
and global economic development. They represent about President AIPMA, introducing Mr Arvind Mehta – Chairman
90% of businesses and more than 50% of employment Governing Council AIPMA who set the note for the program.
worldwide. After the presentations by the experts, the floor was left
Moreover, they have helped in industrialization of rural & open for Q&A round to answer any doubts the attendees
backward areas, thereby, reducing regional imbalances, may have. The webinar was attended by over 200 people
assuring more equitable distribution of national income from the Plastic Industry. The session ended with the vote
of thanks.

21 Februar y 2021 Plastics News