In my case the bank went to NCLT. I was only interested in the party who submitted the resolution plan under SMSE. First the bank officer agreed for the amount but once he was transferred , the new officer and higher ups took a different view and instead of resolution plan approval , they preferred to go for Liquidation. We changed them in NCLT to offered increased offer more than liquidation valuation but bank stick to their decision. NCLT not ordered to bank to approve our plan or call for second call advertisement for resolution plan but NCLT rejected it as supreme said it's creditors commercial wisdom and NCLT can't order to bank to reconsider the resolution plan. This makes us helpless in front of Almighty bank whose officers are not taking any risk to convince higher to accept the offer as Liquidation make another room for liquidators to extract system for their benefit and no one bother about delay, losses, creation of jobs. It's all makes life of SMSE promotors hell. We lost time, health , opportunity and everything. No one bothers.
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.
I think instead of loan weaver, gov should act like partner. Take money exchange with 5% share. Gov can earn from this share or sale share to owner or auction. Tax payer money should not be charity.
Heartwrenching stories... those who create jobs are thrown out on road and harassed in courts. It is like spitting at the Thali in which you eat!! What good can come out of this country... Thank You Sucheta ji for your insights and coverage on this important topic. I was looking for MSME issue for a long time....🙏
Thank you Ma'am for taking up this issue MSME contribute 30 percent of GDP , Reliance group contributes 10 percent of GDP so govt probably feels no need to bother we r at god's mercy thank you for taking up the issue 🙏🙏🙏
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...
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 ..😢
Hats off to you Sucheta ji for this eye opening video. Hope the FM & the RBI Governor see this video and take some action against harassing lenders and provide help and support to these deserving MSMEs.
Every effort becomes failure when system is corrupt, Every effort becomes successful when system is honest. The main thing i have observed after travelling several countries. We need to wake up, the future of our kids is in danger. Thanks
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.
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.
It’s a same situation for individual loan borrowers from banks. In India one has to be big and influential corporate with strong govt backing to evades taxes and avoid loan payments.
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.
Dear Mam Sucheta Dalal, Before placing my comments on this video I would like to tell you that am a great admirer of your style of investigative journalism as am following you since the early 90s when you were with the Times group ( including the Economic Times) when you exposed the then system failure of properly tracking and monitoring the securities market transactions which ultimately exposed the securities scam and stock market scam. Now, regarding my comments here I would like to state that though every Govt draft and make laws with noble intentions to serve the public what they overlook is that there is a serious dearth of proper human resources to implement such laws. And that includes the bureaucracy. Here lies the crux of the problem.
Thanks for taking up MSMEs and their role in employment with meagre capital investment. I was a bank manager in 1984 in a small Industries township in Rajasthan. I found then that a SME with total funds of Rs 10 lacs employed in it was giving employment to around 100 persons with lowest mortality rate. Today these mega corporates with multi billion dollars investments hardly provide employment to a few thousands with very very high risk of loss of huge monies.
Ma'am, I admire your boldness for raising or talking about such topics. Before seeing your video, I didn't know much about the consequences that MSMEs are facing, but now the picture is clear! U r like iron lady
Karma follows relentlessly selects gooders and sinners distinctively for treatment among billions and billions of people without fail. . Doing a great job moneylife team 🙏.
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.
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.
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.
This is the bitter truth , if you are a large company, banks have no issues with loaning you , but for MSMEs impossible to get a loan if you are over a certain age, even if you are covering their entire risk , I checked with ICICI, HDFC, and others
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
Thank you ma'am for uploading this informative video you are the women behind exposing scam 1992 I hope again. You will help retail investors with your knowledge and system Loop hole ⛳
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
How do you think Chinese MSMEs out compete indians MSMEs with the help of Chinese government subsidies and labour exploitation of Chinese by showing no adherence to labour laws of China and getting land for cheaper prices than peanuts.
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.
While I there is no doubt that MSME are important, some of them suffer from one basic issue viz. the "I know" attitude of their owners. In my consulting career of 22 years working with MSME, I have found that many are simply unwilling to improve even the simplest of things e.g., change the way they plan production. This hubris, ultimately, leads to their financial downfall. Some others are more interested in siphoning off the funds to other ventures from the cash cow. All the while, they conveniently keep blaming workers, government, taxes and everyone under the sun except themselves. I have seen a fare share of such MSME owners. They have absolutely no right to keep whining about the unfairness of the government and the financial institutions. This dark underbelly needs to be highlighted as well. What you have highlighted is only one side of the coin.
India is the worst country to start a Small business. Businesses which are the actual backbone, along with agriculture, for the Indian Economic System. You will literally die by just adhering to countless and mindless compliances before you even think of repaying any loans or repaying creditors. It is a crime to be a small borrower in India. It actually makes more sense to borrow insane amount of money and then flee to a foreign country without paying anything. A very well done video. Suchetaji.
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.
One my friend got a saction letter from loanin59minutes site from Indian Bank under cgtmse schemebut when my friend appriched bank the manager was aaking for colletral security for Rs 34 lakhs whereas the schme promoted as securtiy free and govenment promoting that this cgtmse scheme you can get Loan upto Rs 2 crores withour any security. His unit is profit making and have good orders in hand. There is no to short out this and help to avail government scheme. How govenment making eyewash and banker not ready to help. No empathy.
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.
gov care for rich , rich indusrty give political donation . small msme do not donate to parties.they donate some time under pressure to local leaders. local leaders dont under stand job revenu . short term vision.
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.
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.
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 .
This is were one of the reason for indias money value had a drasticall drop against dollar. This bjp crews doesn't know economy or financial management to run a country. They confuse, divert and manipulate you and keep on moving for a third term.
Point is that when adani bribed bollions to indian officials he got a thumbs up but when a small entrepreneur defaults some loan aka public money for the fault of government then they got thumbs down and bullied to personal insolvency. Thats why 9 put of 10 start-ups in india is losing day by day and modi blames state government for not increase in GDP Great indian drama
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.
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.
And selling insurance
In my case the bank went to NCLT. I was only interested in the party who submitted the resolution plan under SMSE. First the bank officer agreed for the amount but once he was transferred , the new officer and higher ups took a different view and instead of resolution plan approval , they preferred to go for Liquidation. We changed them in NCLT to offered increased offer more than liquidation valuation but bank stick to their decision. NCLT not ordered to bank to approve our plan or call for second call advertisement for resolution plan but NCLT rejected it as supreme said it's creditors commercial wisdom and NCLT can't order to bank to reconsider the resolution plan. This makes us helpless in front of Almighty bank whose officers are not taking any risk to convince higher to accept the offer as Liquidation make another room for liquidators to extract system for their benefit and no one bother about delay, losses, creation of jobs. It's all makes life of SMSE promotors hell. We lost time, health , opportunity and everything. No one bothers.
@@AyubAhmedSyed true ..sad reality 😢
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.
I think instead of loan weaver, gov should act like partner. Take money exchange with 5% share. Gov can earn from this share or sale share to owner or auction. Tax payer money should not be charity.
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.
Thank you for your kind words .Your encouragement means a lot to us.
Wonderful work you are doing
Kudos
This country is not for honest entrepreneurs.
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The government, big businesses, administration - all work hand in glove.
Banks also. Corruption at best is working.
Sad cases. Touching letters go into the official dustbin.
Heartwrenching stories... those who create jobs are thrown out on road and harassed in courts. It is like spitting at the Thali in which you eat!! What good can come out of this country... Thank You Sucheta ji for your insights and coverage on this important topic. I was looking for MSME issue for a long time....🙏
Most state governments reach out to Birlas, tatas, ambanis, adani etc. MSMEs are being ignored.
Thank you Ma'am for taking up this issue MSME contribute 30 percent of GDP , Reliance group contributes 10 percent of GDP so govt probably feels no need to bother we r at god's mercy thank you for taking up the issue 🙏🙏🙏
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Very nice video. Why no one really cares!! It's sad. 😢
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Shame indeed!! Loot tens of thousands of crores, it is fine. But you work hard and are small, you are screwed. Wah!
Sad but true😢
Siphoning public money
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 .
What do you do now ? And YOU was having your own product or taking orders from company to do job on CNC ?
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 ..😢
correct me if Iam wrong, agri vertical functioned till time of Shri OP Bhatt
@@karthiksubramanianlakshmi dunno
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.
Heart reaching stories
Hats off to you Sucheta ji for this eye opening video. Hope the FM & the RBI Governor see this video and take some action against harassing lenders and provide help and support to these deserving MSMEs.
You're welcome! I'm glad you found the information helpful. Please subscribe to our channel for more such content.
Every effort becomes failure when system is corrupt,
Every effort becomes successful when system is honest.
The main thing i have observed after travelling several countries.
We need to wake up, the future of our kids is in danger.
Thanks
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.
Thank You
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.
@@combinedstudy6427 What jealousy india has most Warm people and most corrupt too
India is an oligarchy.
It’s a same situation for individual loan borrowers from banks. In India one has to be big and influential corporate with strong govt backing to evades taxes and avoid loan payments.
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.
Dear Mam Sucheta Dalal,
Before placing my comments on this video I would like to tell you that am a great admirer of your style of investigative journalism as am following you since the early 90s when you were with the Times group ( including the Economic Times) when you exposed the then system failure of properly tracking and monitoring the securities market transactions which ultimately exposed the securities scam and stock market scam.
Now, regarding my comments here I would like to state that though every Govt draft and make laws with noble intentions to serve the public what they overlook is that there is a serious dearth of proper human resources to implement such laws. And that includes the bureaucracy. Here lies the crux of the problem.
Thanks for taking up MSMEs and their role in employment with meagre capital investment. I was a bank manager in 1984 in a small Industries township in Rajasthan. I found then that a SME with total funds of Rs 10 lacs employed in it was giving employment to around 100 persons with lowest mortality rate.
Today these mega corporates with multi billion dollars investments hardly provide employment to a few thousands with very very high risk of loss of huge monies.
Wonderfully insightful ! couldn't have been better explained
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Great work mam, I hope other youtubers cover this.
Appreciate your kind words. Hope you would help in spreading the word about our channel and encourage others to subscribe as well!
Ma'am, I admire your boldness for raising or talking about such topics. Before seeing your video, I didn't know much about the consequences that MSMEs are facing, but now the picture is clear! U r like iron lady
Thank you so much .Please subscribe to our channel for more such content.
There is no governance and accountability.... don't even dig in to the TA TA group
After a long time , I found a genuine and most touching video in a long long time
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Madam.. Thanks for making us aware. Even the govt. Is siding with rich
You're welcome!
❤Good program. Very informative and u explain it so well
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Very insightful work. Please do a series on issues faced by msme owners.
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Karma follows relentlessly selects gooders and sinners distinctively for treatment among billions and billions of people without fail. . Doing a great job moneylife team 🙏.
Madam, how to find out who benefits after the small enterprise is wound up?
Excellent analysis and delivery
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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.
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.
Brilliant as ever Sucheta.
Appreciate your kind words. Hope you would help in spreading the word about our channel and encourage others to subscribe as well!
True 👍
You're welcome!
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.
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.
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Great report.🎉🎉🎉
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This is the bitter truth , if you are a large company, banks have no issues with loaning you , but for MSMEs impossible to get a loan if you are over a certain age, even if you are covering their entire risk , I checked with ICICI, HDFC, and others
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
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Thank you ma'am for uploading this informative video you are the women behind exposing scam 1992 I hope again. You will help retail investors with your knowledge and system Loop hole ⛳
You're welcome! Please subscribe to our channel for more such content.
Thank you ma'am
Most welcome 😊
Appreciate this Truth !
Thank You.
Great work mam
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it takes 3 months+bribe+1 new slipper to get "basic" eb connection
Maximum punishment required for corruption.
Very moving. How do you kerp a straight face?
No wonder that the growth is without job creation of😢😢
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.
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
How do you think Chinese MSMEs out compete indians MSMEs with the help of Chinese government subsidies and labour exploitation of Chinese by showing no adherence to labour laws of China and getting land for cheaper prices than peanuts.
Thank you ma'am. A real eye-opener. Modinomics is the real criminal.
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Madam , Kindly update on zombie shares.
Insightful
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Why CII, FICCI not seeking changes
If this continues, the worst will come in future.
Education training for entrepreneurs in finance and business + technology
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.
I agree with Ms. Dalal ! MSME s are totally neglected inspite of their solid contribution !😮
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While I there is no doubt that MSME are important, some of them suffer from one basic issue viz. the "I know" attitude of their owners.
In my consulting career of 22 years working with MSME, I have found that many are simply unwilling to improve even the simplest of things e.g., change the way they plan production. This hubris, ultimately, leads to their financial downfall. Some others are more interested in siphoning off the funds to other ventures from the cash cow. All the while, they conveniently keep blaming workers, government, taxes and everyone under the sun except themselves. I have seen a fare share of such MSME owners. They have absolutely no right to keep whining about the unfairness of the government and the financial institutions.
This dark underbelly needs to be highlighted as well. What you have highlighted is only one side of the coin.
India is the worst country to start a Small business. Businesses which are the actual backbone, along with agriculture, for the Indian Economic System.
You will literally die by just adhering to countless and mindless compliances before you even think of repaying any loans or repaying creditors.
It is a crime to be a small borrower in India. It actually makes more sense to borrow insane amount of money and then flee to a foreign country without paying anything.
A very well done video. Suchetaji.
badiyaaaa
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
Root branch changes to NCLT
One my friend got a saction letter from loanin59minutes site from Indian Bank under cgtmse schemebut when my friend appriched bank the manager was aaking for colletral security for Rs 34 lakhs whereas the schme promoted as securtiy free and govenment promoting that this cgtmse scheme you can get Loan upto Rs 2 crores withour any security. His unit is profit making and have good orders in hand. There is no to short out this and help to avail government scheme. How govenment making eyewash and banker not ready to help. No empathy.
What are we supposed to do?
Once said demonetisation n GST to wipe out small business n to create oligarchi
Msmes are the most terrifying sector not following any rules wrt hr
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.
gov care for rich , rich indusrty give political donation . small msme do not donate to parties.they donate some time under pressure to local leaders. local leaders dont under stand job revenu . short term vision.
Meanwhile Gov. is blabbing about the startup ecosystem of India around the World. Shame! on gov.
CFBR
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.
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.
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.
👍
Why every scammer/thief is a Gujju or a Patel
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 .
I have seen this happening to msme. He lost his marriage also cuz he went bankrupt.
The law is an ass, mi'lord!
tamil nadu manufacturing is contributed majorly by MSME
Make in India…all down Ganga Jamuna
We need to change our names to Adani,Ambani or Modi..then only growth ,growth and growth
This is were one of the reason for indias money value had a drasticall drop against dollar. This bjp crews doesn't know economy or financial management to run a country. They confuse, divert and manipulate you and keep on moving for a third term.
Point is that when adani bribed bollions to indian officials he got a thumbs up but when a small entrepreneur defaults some loan aka public money for the fault of government then they got thumbs down and bullied to personal insolvency.
Thats why 9 put of 10 start-ups in india is losing day by day and modi blames state government for not increase in GDP
Great indian drama
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.
99percent defaultets are Gujaratis.!!!!!
Hi
viksit bharath
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)
I have made more than 90k God bless miss charlottes 😊😊
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.
ma'am, werent you one of the cheerleaders for the modi 1.0 govt in 2014? what happened? reality dawned on you, I guess. ...