I appreciate your efforts to bring these matters to light and educate your viewers - however the tragic reality of this country is that nothing will ever, never ever, change.
Way back, in the mid 70s, SBI had a full fledged verticle called SSI / SBF ( small scale industry / small business finance ). Branches were dedicated to this segment, lending officers were trained to lend to thus segment , SSI / SBFs went though training in managing their finances etc etc. SBI also had a verticle for agriculture and hired graduates from agricultural colleges to work in specialised agri branches to lend to farmers. Thus was all the doing of a visionary chairman named Talwar. Tragucally somewgere in the 80s these 2 divisions were duscouraged and then wound up. Banking went into a different direction and we are all facing the consequences. Who disbanded these 2 divisions ? What happened to the specialised lending skills which had been developed so painstakingly? SSI / SBF & AGRICULTURE sectors are in a total mess and the growth of the country is less than half of that it could have been. 3 decaades wasted.
Mughambo kush hua.. After 1980s ..the narconterror drug money laundering network was encouraged in india ..the dark economy still runs the jobless growth ..😢
I agree that it is okay if one crore people are given ten lakhs of loans to start businesses instead of 1000 people being given 10000 crore loans. Even if there is 50% failure in the first case, they will likely create more jobs and improve the economy. The second case doesn't improve the economy because it automates and creates profits for few or defaults. It is extremely difficult to start a business if you are small.
Very nice video. MSMEs get only lip service from the Govt, Banks and Financial Institutions. Everything is controlled by large business houses. They provide funding to the various political parties and their voices are the only ones heard. I keep working with MSME units in India. They face very tough challenges in just surviving let alone growing profitably.
So true. You are awesome.❤ Can you make an episode for IEPF shares where it is so difficult to claim back those physical shares in IEPF. Also Kfintech so pathetic and slow in responding to investors as the RTA. They don’t guide investors at all & just keep sending standard professional emails to common man. God knows when the investors will actually be able to Demat their holdings.
As India is a failed state, the best thing clever entrepreneurs should do is not to register any business activity or entity. Cash business is the best way to survive in India.
The sad part is we, msme do not unite to fight back. There are some forums/ organization which organize seminars, meetings and such other get togethers to promote msmes. Everywhere high profile netas, organizations head are making name, fame and money at the expense of them. At the end of the day they are seen attending high profile meetings all over the world and the msme is where they were with no change in their condition. Had raised voice, cnbc covered my interview and today my factory is at the brink of closing down. And why ? My payments are stuck up. Msme champion portal has send notice to the defaulter 6 months back. The MSME and defaulter are now partying while every day I am dieing a slow death.
Thank you madam. I wonder why licenses are necessary for small industries. And if they have license why after renewal fees payment they have to visit inspectors
Thanks Madame Subramiam Swamy had suggested to get their accounts, funds freeze abroad. The BJP government has not taken any steps for the reasons best known to it. I am reading the book FROM THIRD WORLD TO FIRST By Lee Kaun Yew The book is worth a read.
Most small businesses are fighting silently and some gave up. It’s scary doing business if you’re not already wealthy. One strike and it could be over for most. No wonder there’s no much new players or they have to get really creative to survive.
Madam I beg to differ MSME are notorious for not adhering to Labour laws and are not competitive enough because their goods can't withstand competition from imports even after a levy of tarrifs compared to cheap Chinese imports
Just liquidated my CNC machine shop in Jan this year, started 7 years ago, and survived the pandemic. MSME esp. high Capex one like in manufacturing is the toughest waybto make money in this country... I was one of the fortunate ones who managed to exit without a loss, my peers have lost crores... now I live my life in peace... 😅
@prashanthb6521 biggest problem was skilled man power... risk vs reward was very bad... 3-4Cr worth property pledged, 2 Cr debt, 70 lakhs personal funds investment... was struggling to bring home 40-50k/month to run family after 5 years of running, less than bank interest rate... so when choice came between going for another 2Cr expansion or exit business with 1cr... I chose to exit... many told me it was a bad idea to exit, especially after crossing the toughest phase of first 5 years... but I am 40 yrs old, have a daughter... chose to preserve wealth rather than risk it... today I live in peace, rental revenue, investments, Believe it or not, I do f&o trading, last 4 years THAT has been much more profitable and feels less risky... (yes 93% lose money in f&o trading, and THAT feels LESS risky than running MSME!!!)
@prashanthb6521 i was servicing the specialty valve sector, did business only with those who gave on time payment, like MNCs... but competition was heavy to get those orders (because of decent rate, timely payments & fairly consistent orders throughout year, so naturally everyone wants these orders)... Many systemic problems, like... i get my payment in 90 days after material supply, but I have to pay everything like EB bill, GST, TDS, rent, bank emi immediately... so at all times 3 months of own funds locked inside company cash flow, then cwrtain things are impossible for compliance... like more than 9 employees I have to pay them ESI&PF... but employees don't want ESI PF, they tell me, please give cash instead... salary is 16k+OT, we don't want 2k to go for ESI&PF... Owners struggle to make money still can't pay employees decent wage, enough to run family because paper thin margins...
Sister, touch upon the govt ppp policy for Women Entrepreneurs with mandatory targets to each ministries n depts, institutions under them. MSME SAMBANDH PORTAL will give you the actuals. Sad..very sad.
Mam I am a doctor and planning to apply MSME loan upto 2 cr for my new hospital machinary and land purchase and construction for machinary, as they have a segment in banking sector , is it worth to go for it.
Centralization of businesses, disruptions via deep discouting are the major reason behind msme failure. It is very difficult for an individual to run his bootstrap business.
Please mention the source of data - MSME contribute 30% to Indian GDP & Employ 120 million. Given the fake news, fake data that WhatsApp University feeds, source of data is a very important input that will help viewers IMO.
MSME were stfled to benefit the corporates..BJP once batted for kirana shpos when FDI was proposed... after coming to power they killed kirana shp iwners..but still kirana shop iwners vote for the party because habits die hard😅😅😅😅
Our Government doesn't have the guts to get the big defaulters back in the country to face justice, look at Anil Ambanis case, no difference between him and others who fled.
Modi Government introduced GST may have spent several crore over training of its staff. Arvind Panagadhia in his first and last address Never gave mobile number of GST commissioner who can provide even HSN No. . What is about MSME training towards GST. Elected Modi Government looted MSME via selected Government.
Madam I request you to look into the explanation of smme by GST department. Just collect the data of much the claim of GST have been used to blackmail and harass the SMME .
Well, this is what system is. This is how it was. This is how it will be future. And it would be foolish to expect anything in this country, reason why HNIs are leaving this country.
Soln kya hai ? U want banks to start running hundreds of msme? That is not their for business not they have the competency to run these business. Also u need to understand the difference between proprietorship and Pvt or Public listed. companies.
What is the point in talking about these mundane issues ? Total waste of time. These podcasters make money out of these issues. Nothing changes. Nobody cares.
I will be forever thankful 🙏 to miss( Asa) for his amazing performance and dedication, she is just too good in trading, she has proven to me her skills in trading Thanks very much miss (Asa)
Sucheta ji ! Why aren't your inspirational messages information TRUE facts and words of wisdom are not generating a big bang among investors entrepreneurs even a common man and woman especially young whose future are in process.Your words must bring another revolution alike green revolution white revolution and may be called currency/mudra revolution.
I have been a banker for 35 years. Bankers simply take salaries and most of them have no knowledge in lending and they have zero empathy to MSMES.
I appreciate your efforts to bring these matters to light and educate your viewers - however the tragic reality of this country is that nothing will ever, never ever, change.
Wonderful work you are doing
Kudos
This country is not for honest entrepreneurs.
The government, big businesses, administration - all work hand in glove.
Banks also. Corruption at best is working.
Ma'am I cant thank you enough for telling truth to people.
The older I get I clearer it gets, this country is an oligarchy.
Very nice video. Why no one really cares!! It's sad. 😢
Way back, in the mid 70s, SBI had a full fledged verticle called SSI / SBF ( small scale industry / small business finance ). Branches were dedicated to this segment, lending officers were trained to lend to thus segment , SSI / SBFs went though training in managing their finances etc etc.
SBI also had a verticle for agriculture and hired graduates from agricultural colleges to work in specialised agri branches to lend to farmers.
Thus was all the doing of a visionary chairman named Talwar.
Tragucally somewgere in the 80s these 2 divisions were duscouraged and then wound up.
Banking went into a different direction and we are all facing the consequences.
Who disbanded these 2 divisions ? What happened to the specialised lending skills which had been developed so painstakingly?
SSI / SBF & AGRICULTURE sectors are in a total mess and the growth of the country is less than half of that it could have been.
3 decaades wasted.
Mughambo kush hua..
After 1980s ..the narconterror drug money laundering network was encouraged in india ..the dark economy still runs the jobless growth ..😢
Sad cases. Touching letters go into the official dustbin.
Most state governments reach out to Birlas, tatas, ambanis, adani etc. MSMEs are being ignored.
His (Anil) house only would've fetched more than 5k cr and others as well
I agree that it is okay if one crore people are given ten lakhs of loans to start businesses instead of 1000 people being given 10000 crore loans.
Even if there is 50% failure in the first case, they will likely create more jobs and improve the economy.
The second case doesn't improve the economy because it automates and creates profits for few or defaults.
It is extremely difficult to start a business if you are small.
Shame indeed!! Loot tens of thousands of crores, it is fine. But you work hard and are small, you are screwed. Wah!
Heart reaching stories
Madam.. Thanks for making us aware. Even the govt. Is siding with rich
Sad but true😢
Siphoning public money
Great work mam, I hope other youtubers cover this.
We can't afford to ignore MSMEs. They are the largest employment generators. Even in the US, SME generate 60 per cent of the jobs.
Very nice video. MSMEs get only lip service from the Govt, Banks and Financial Institutions. Everything is controlled by large business houses. They provide funding to the various political parties and their voices are the only ones heard. I keep working with MSME units in India. They face very tough challenges in just surviving let alone growing profitably.
So true. You are awesome.❤ Can you make an episode for IEPF shares where it is so difficult to claim back those physical shares in IEPF. Also Kfintech so pathetic and slow in responding to investors as the RTA. They don’t guide investors at all & just keep sending standard professional emails to common man. God knows when the investors will actually be able to Demat their holdings.
As India is a failed state, the best thing clever entrepreneurs should do is not to register any business activity or entity. Cash business is the best way to survive in India.
Truly! India is the worst country on this planet Earth.
Koi na koi tip dega police ya Income tax walono ko. India me jealousy bhi h. It's better to go foreign country to start your business.
Sucheta, excellent coverage of MSME problems.
As long as Modi's corporate friends are kept in good humour by babus n banks Modi is happy.
it takes 3 months+bribe+1 new slipper to get "basic" eb connection
Excellent analysis and delivery
India is an oligarchy.
There is no governance and accountability.... don't even dig in to the TA TA group
Great work mam
The sad part is we, msme do not unite to fight back. There are some forums/ organization which organize seminars, meetings and such other get togethers to promote msmes. Everywhere high profile netas, organizations head are making name, fame and money at the expense of them. At the end of the day they are seen attending high profile meetings all over the world and the msme is where they were with no change in their condition. Had raised voice, cnbc covered my interview and today my factory is at the brink of closing down. And why ? My payments are stuck up. Msme champion portal has send notice to the defaulter 6 months back. The MSME and defaulter are now partying while every day I am dieing a slow death.
Thank you ma'am
Madam , Kindly update on zombie shares.
Meanwhile Gov. is blabbing about the startup ecosystem of India around the World. Shame! on gov.
Thank you madam. I wonder why licenses are necessary for small industries. And if they have license why after renewal fees payment they have to visit inspectors
Thanks Madame
Subramiam Swamy had suggested to get their accounts, funds freeze abroad.
The BJP government has not taken any steps for the reasons best known to it.
I am reading the book
FROM THIRD WORLD TO FIRST
By Lee Kaun Yew
The book is worth a read.
If this continues, the worst will come in future.
True 👍
Most small businesses are fighting silently and some gave up. It’s scary doing business if you’re not already wealthy. One strike and it could be over for most. No wonder there’s no much new players or they have to get really creative to survive.
Madam, how to find out who benefits after the small enterprise is wound up?
Madam I beg to differ MSME are notorious for not adhering to Labour laws and are not competitive enough because their goods can't withstand competition from imports even after a levy of tarrifs compared to cheap Chinese imports
Just liquidated my CNC machine shop in Jan this year, started 7 years ago, and survived the pandemic. MSME esp. high Capex one like in manufacturing is the toughest waybto make money in this country...
I was one of the fortunate ones who managed to exit without a loss, my peers have lost crores... now I live my life in peace... 😅
Did the orders dwindle sir ?
@prashanthb6521 biggest problem was skilled man power... risk vs reward was very bad... 3-4Cr worth property pledged, 2 Cr debt, 70 lakhs personal funds investment... was struggling to bring home 40-50k/month to run family after 5 years of running, less than bank interest rate... so when choice came between going for another 2Cr expansion or exit business with 1cr... I chose to exit... many told me it was a bad idea to exit, especially after crossing the toughest phase of first 5 years... but I am 40 yrs old, have a daughter... chose to preserve wealth rather than risk it... today I live in peace, rental revenue, investments,
Believe it or not, I do f&o trading, last 4 years THAT has been much more profitable and feels less risky... (yes 93% lose money in f&o trading, and THAT feels LESS risky than running MSME!!!)
@prashanthb6521 i was servicing the specialty valve sector, did business only with those who gave on time payment, like MNCs... but competition was heavy to get those orders (because of decent rate, timely payments & fairly consistent orders throughout year, so naturally everyone wants these orders)...
Many systemic problems, like... i get my payment in 90 days after material supply, but I have to pay everything like EB bill, GST, TDS, rent, bank emi immediately... so at all times 3 months of own funds locked inside company cash flow, then cwrtain things are impossible for compliance... like more than 9 employees I have to pay them ESI&PF... but employees don't want ESI PF, they tell me, please give cash instead... salary is 16k+OT, we don't want 2k to go for ESI&PF...
Owners struggle to make money still can't pay employees decent wage, enough to run family because paper thin margins...
Sir, it is relieving to know that you were able to exit with dignity . There are many who lost everything, including their dignity .
Education training for entrepreneurs in finance and business + technology
Great report.🎉🎉🎉
Either increase GST or Income Tax ,for the Sanathan Board and payment of Salary to Pujaris.
Sister, touch upon the govt ppp policy for Women Entrepreneurs with mandatory targets to each ministries n depts, institutions under them. MSME SAMBANDH PORTAL will give you the actuals. Sad..very sad.
Please make video on griviance department also , no one listening when we complaint in griviance department even in PMO GRIEVANCE also
Mam I am a doctor and planning to apply MSME loan upto 2 cr for my new hospital machinary and land purchase and construction for machinary, as they have a segment in banking sector , is it worth to go for it.
Centralization of businesses, disruptions via deep discouting are the major reason behind msme failure. It is very difficult for an individual to run his bootstrap business.
Govt is trying to do each and everything but not in proper manner and then they do something which wipe out what's done earlier.
We need to change our names to Adani,Ambani or Modi..then only growth ,growth and growth
Please mention the source of data - MSME contribute 30% to Indian GDP & Employ 120 million. Given the fake news, fake data that WhatsApp University feeds, source of data is a very important input that will help viewers IMO.
Why CII, FICCI not seeking changes
I have seen this happening to msme. He lost his marriage also cuz he went bankrupt.
MSME were stfled to benefit the corporates..BJP once batted for kirana shpos when FDI was proposed... after coming to power they killed kirana shp iwners..but still kirana shop iwners vote for the party because habits die hard😅😅😅😅
Our Government doesn't have the guts to get the big defaulters back in the country to face justice, look at Anil Ambanis case, no difference between him and others who fled.
tamil nadu manufacturing is contributed majorly by MSME
Modi Government introduced GST may have spent several crore over training of its staff. Arvind Panagadhia in his first and last address Never gave mobile number of GST commissioner who can provide even HSN No. . What is about MSME training towards GST. Elected Modi Government looted MSME via selected Government.
Madam I request you to look into the explanation of smme by GST department. Just collect the data of much the claim of GST have been used to blackmail and harass the SMME .
Msmes are the most terrifying sector not following any rules wrt hr
Root branch changes to NCLT
Well, this is what system is. This is how it was. This is how it will be future.
And it would be foolish to expect anything in this country, reason why HNIs are leaving this country.
Make in India…all down Ganga Jamuna
The law is an ass, mi'lord!
👍
Soln kya hai ? U want banks to start running hundreds of msme? That is not their for business not they have the competency to run these business. Also u need to understand the difference between proprietorship and Pvt or Public listed. companies.
What is the point in talking about these mundane issues ? Total waste of time. These podcasters make money out of these issues. Nothing changes. Nobody cares.
I will be forever thankful 🙏 to miss( Asa) for his amazing performance and dedication, she is just too good in trading, she has proven to me her skills in trading
Thanks very much miss (Asa)
This must be trading with coach (Asa)
She’s a licensed broker in the state
Yes that’s her name miss Asa
Many people recommended her highly about her, I’m just starting with her from India living in Australia 🇦🇺
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...
The first time we had tried, we invested 4000 after a week we receive 40'000 that really help us a lot , all thanks to her miss Asa
Sucheta ji ! Why aren't your inspirational messages information TRUE facts and words of wisdom are not generating a big bang among investors entrepreneurs even a common man and woman especially young whose future are in process.Your words must bring another revolution alike green revolution white revolution and may be called currency/mudra revolution.
glitches regarding ewaybill are baseless