Why a Masterplan?
“Despite considerable resources and policy intervention to support micro, small, & medium enterprises (MSMEs), support for MSMEs remains uncoordinated and fragmented with duplication of initiatives based on symptoms. Research and data to monitor MSME performance remains elusive at national level resulting in ill-informed design of programmes and support to match MSME needs & opportunities (financial & non-financial). This continues to result in low survival rates of MSMEs and stagnant growth”.
The NISED thus seeks to address the above key problems of integration along with the coordination challenges, by coordinating in developing and designing better interventions for MSMEs through specific actions and interventions.
Note: The Department of Small Business Development’s 2021-22 Annual Performance Plan contains additional information on the draft Master Plan, presently being finalised by the Department. More details here.