MSMEs Current Affairs

Odisha government and Facebook launches ‘SheMeansBusiness’ programme

Odisha government and social networking giant Facebook has launched ‘SheMeansBusiness’ programme to train women entrepreneurs in the state.

It was launched in partnership between Odisha’s MSME (micro, small and medium enterprises) department and Project Mission Shakti.

Key Facts

Under this initiative, 25, 000 women entrepreneurs and self-help group (SHG) members from the state will be given training on digital marketing skills within by the end of 2018. Facebook will monitor the growth of the MSMEs in Odisha after imparting training to them in next one year.

 It will also prepare a data base of the MSMEs through registrations in which they will take the email ids and mobile numbers of entrepreneurs in all the workshops.

SheMeansBusiness programme

The programme has been launched in 16 countries around the world including India. It is designed to reach out to aspiring and established women entrepreneurs to help them build and grow their business online.

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PM launches National SC/ST hub and Zero Defect – Zero Effect scheme

Prime Minister Narendra Modi launched the National SC/ST hub and the Zero Defect, Zero Effect (ZED) scheme for Micro, Small and Medium Enterprises (MSMEs) at Ludhiana in Punjab.

Besides, he also presented National Awards to MSMEs. He also distributed 500 traditional wooden charkhas (spinning wheels) among women.

What is National SC/ST hub?

  • The objective of the SC/ST (Schedule Castes/Schedule Tribes) Hub is to provide professional support to entrepreneurs from the SC/ST.
  • It also seeks to promote enterprise culture and entrepreneurship among the SC/ST population and to enable them to participate more effectively in public procurement.
  • It will work towards strengthening market access/linkage, capacity building, monitoring, sharing industry-best practices and leveraging financial support schemes.

Public Procurement Policy, 2012: It specifies that 4% of procurement done by ministries, departments and CPSEs should be done from enterprises owned by SC/ST entrepreneurs.

What is Zero Defect, Zero Effect (ZED) scheme?

  • ZED Scheme aims to rate and handhold all MSMEs to deliver top quality products using clean technology. It will have sector-specific parameters for each industry.
  • MSME sector is crucial for the economic progress of India and this scheme will help to match global quality control standards.

The slogan of Zero Defect, Zero Effect (ZED) was first mentioned by PM Narendra Modi in his Independence Day speech in 2014. It was given for producing high quality manufacturing products with a minimal negative impact on environment.

Comment

  • ZED Scheme is meant to raise quality levels in  unregulated MSME sector which is engine of growth for Indian economy. MSME sector drives almost 38% of nation’s GDP and around employs 110 million employees.
  • The scheme will be cornerstone of the Central Government’s flagship Make in India programme, which is aimed at turning India into a global manufacturing hub, generating jobs, boosting growth and increase incomes.

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