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Icwai Pus 8708

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This presentation was made by my friend P Udaya Shanker at the Hyderabad Chapter of Cost Accountants on 12 Jul 2008 To download the slideshow pl visit: http://www.slideshare.net/udayashanker/icwai-pus-87081/

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MSMEs Role of Professionals - Experience sharing P UDAYA SHANKER Head, Centre for Industrial Credit & Financial Services School of Enterprise Management
Coverage MSME act Credit linked capital subsidy scheme Credit guarantee fund for small industries Venture capital Marketing assistance for SSI products Technology development & modernisation Cluster development National manufacturing competitiveness and capacity building
Coverage Micro credit ISO certification Intellectual property rights Delayed payments to small industries Credit rating Rajiv Gandhi Udyami Mitra Yojna
Micro, Small & Medium Enterprises Development (MSMED) Act, 2006
Classification of enterprises Manufacture/production of goods Providing/rendering of services
Manufacturing enterprises Investment limit Plant and machinery Excluding land & building
Micro enterprises upto Rs.25 lakh
Small enterprises above Rs.25 lakh & upto Rs.5 crore
Medium enterprises - above Rs.5 crore & upto Rs.10 crore
Services enterprises Investment in equipment Excluding land & building No relation with turnover or manpower engaged
Micro enterprises upto Rs.10 lakh
Small enterprises above Rs.10 lakh & upto Rs.2 crore
Medium enterprises - above Rs.2 crore & upto Rs.5 crore
Credit Linked Capital Subsidy Scheme Technology up-gradation Select sectors 15 per cent upfront to MSME
Credit Guarantee Fund Scheme for Small Industries (CGFSI) Collateral free lending upto Rs.25 lakh
Venture capital scheme Innovative Not qualified for conventional financing
Marketing assistance scheme for SSI products Specialised organisations Marketing assistance Infrastructure Support services
Market related activities: R&D Product up-gradation & standardisation Advertising, branding, catalogue Audio visual aids Trade fairs and exhibitions, sales promotion tours Distribution networks, showrooms/ retail outlet/ware housing Training of personnel
Technology Development and Modernisation Scheme (TDMFS) New/existing SSI, generally private limited companies Equipment Technical know how Designs, drawings Up-gradation of process technology and products, packaging TQM and ISO 9000
Industries Cluster Development Programme (SICDP) Micro & Small Enterprises Cluster Development Programme - Technology upgradation for a group of MSMEs of one industry
National Manufacturing Competitiveness Programme (NMCP) Schemes Scheme for Capacity Building - Strengthening of database and advocacy by industry/enterprise associations
Micro Credit Scheme Micro Finance Institutions (MFIs) Having network and experience in small saving-cum-credit programmes Self-Help Groups (SHGs), Federation of SHGs, Non-Banking Finance Companies dealing with poor, specialised co-operative societies, etc. Rating
ISO 9000/ISO 14001 Certification Reimbursement Scheme Acquiring Quality Management System (QMS) ISO 900 certification/ environment management (EMS) ISO 14001 certification To the extent of 75% or Rs.75,000 whichever is lower For SSIs/ancillary/tiny/SSSBE
Intellectual property rights Patents and registration under geographical indications of goods Domestic patents Rs.25,000 grant Foreign patent Rs.2 lakh grant Geographical indications Rs.1,00,000 grant
Delayed payments to micro and small enterprises Make payment on or before date agreed in writing In no case, period agreed in writing shall exceed 45 days from the day of acceptance/deemed acceptance
Where buyer fails to make payment Liable to pay compound interest with monthly rests (3) three times of the bank rate Annual accounts to furnish information of unpaid amount with interest Principal amount and interest due thereon (shown separately)
Report on amount of interest and amounts paid during each accounting year Amount of interest due/payable for period of delay in making payment (which have been paid but beyond the appointed day during the year) but without adding the interest Amount of interest accrued and remaining unpaid; and
Amount of further interest due and payable even in succeeding years, until such date when interest dues are actually paid Amount of interest payable or paid, shall not, for the purposes of computation of income, allowed as deduction. (Interest not to be allowed as deduction from income .)
Credit rating of small enterprises NSIC Empanelled agencies: ICRA, ONICRA, Dun & Bradstreet, CRISIL, FITCH and CARE, SMERA 油
Rajiv Gandhi Udyami Mitra Yojna (RGUMY) First generation entrepreneurs stages Selection of enterprises to financing by agencies Legal formalities Follow up
Building of data base for products and services in specific locations Model formats for project report preparation Drawing of long term perspective for enterprise sustenance Establishing linkages with the suppliers and customers Empanelling experts in various fields of operation
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Icwai Pus 8708

  • 1. MSMEs Role of Professionals - Experience sharing P UDAYA SHANKER Head, Centre for Industrial Credit & Financial Services School of Enterprise Management
  • 2. Coverage MSME act Credit linked capital subsidy scheme Credit guarantee fund for small industries Venture capital Marketing assistance for SSI products Technology development & modernisation Cluster development National manufacturing competitiveness and capacity building
  • 3. Coverage Micro credit ISO certification Intellectual property rights Delayed payments to small industries Credit rating Rajiv Gandhi Udyami Mitra Yojna
  • 4. Micro, Small & Medium Enterprises Development (MSMED) Act, 2006
  • 5. Classification of enterprises Manufacture/production of goods Providing/rendering of services
  • 6. Manufacturing enterprises Investment limit Plant and machinery Excluding land & building
  • 7. Micro enterprises upto Rs.25 lakh
  • 8. Small enterprises above Rs.25 lakh & upto Rs.5 crore
  • 9. Medium enterprises - above Rs.5 crore & upto Rs.10 crore
  • 10. Services enterprises Investment in equipment Excluding land & building No relation with turnover or manpower engaged
  • 11. Micro enterprises upto Rs.10 lakh
  • 12. Small enterprises above Rs.10 lakh & upto Rs.2 crore
  • 13. Medium enterprises - above Rs.2 crore & upto Rs.5 crore
  • 14. Credit Linked Capital Subsidy Scheme Technology up-gradation Select sectors 15 per cent upfront to MSME
  • 15. Credit Guarantee Fund Scheme for Small Industries (CGFSI) Collateral free lending upto Rs.25 lakh
  • 16. Venture capital scheme Innovative Not qualified for conventional financing
  • 17. Marketing assistance scheme for SSI products Specialised organisations Marketing assistance Infrastructure Support services
  • 18. Market related activities: R&D Product up-gradation & standardisation Advertising, branding, catalogue Audio visual aids Trade fairs and exhibitions, sales promotion tours Distribution networks, showrooms/ retail outlet/ware housing Training of personnel
  • 19. Technology Development and Modernisation Scheme (TDMFS) New/existing SSI, generally private limited companies Equipment Technical know how Designs, drawings Up-gradation of process technology and products, packaging TQM and ISO 9000
  • 20. Industries Cluster Development Programme (SICDP) Micro & Small Enterprises Cluster Development Programme - Technology upgradation for a group of MSMEs of one industry
  • 21. National Manufacturing Competitiveness Programme (NMCP) Schemes Scheme for Capacity Building - Strengthening of database and advocacy by industry/enterprise associations
  • 22. Micro Credit Scheme Micro Finance Institutions (MFIs) Having network and experience in small saving-cum-credit programmes Self-Help Groups (SHGs), Federation of SHGs, Non-Banking Finance Companies dealing with poor, specialised co-operative societies, etc. Rating
  • 23. ISO 9000/ISO 14001 Certification Reimbursement Scheme Acquiring Quality Management System (QMS) ISO 900 certification/ environment management (EMS) ISO 14001 certification To the extent of 75% or Rs.75,000 whichever is lower For SSIs/ancillary/tiny/SSSBE
  • 24. Intellectual property rights Patents and registration under geographical indications of goods Domestic patents Rs.25,000 grant Foreign patent Rs.2 lakh grant Geographical indications Rs.1,00,000 grant
  • 25. Delayed payments to micro and small enterprises Make payment on or before date agreed in writing In no case, period agreed in writing shall exceed 45 days from the day of acceptance/deemed acceptance
  • 26. Where buyer fails to make payment Liable to pay compound interest with monthly rests (3) three times of the bank rate Annual accounts to furnish information of unpaid amount with interest Principal amount and interest due thereon (shown separately)
  • 27. Report on amount of interest and amounts paid during each accounting year Amount of interest due/payable for period of delay in making payment (which have been paid but beyond the appointed day during the year) but without adding the interest Amount of interest accrued and remaining unpaid; and
  • 28. Amount of further interest due and payable even in succeeding years, until such date when interest dues are actually paid Amount of interest payable or paid, shall not, for the purposes of computation of income, allowed as deduction. (Interest not to be allowed as deduction from income .)
  • 29. Credit rating of small enterprises NSIC Empanelled agencies: ICRA, ONICRA, Dun & Bradstreet, CRISIL, FITCH and CARE, SMERA 油
  • 30. Rajiv Gandhi Udyami Mitra Yojna (RGUMY) First generation entrepreneurs stages Selection of enterprises to financing by agencies Legal formalities Follow up
  • 31. Building of data base for products and services in specific locations Model formats for project report preparation Drawing of long term perspective for enterprise sustenance Establishing linkages with the suppliers and customers Empanelling experts in various fields of operation
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