IOD's MSME division envisions providing a holistic platform to facilitate growth and competitiveness of the MSME sector and their professional development, especially Start-Up enterprises. Set up in 2018 to meet its MOU commitment with Ministry of MSME, Govt. of India. It is responsible to organise structured courses for training MSME and Micro-Finance units in leadership, legal & governance knowledge, and skills for managing business growth, digitisation and service delivery.
Micro, Small and Medium Enterprises (MSMEs) are crucial for the economic growth and stability of any country and play a vital role especially for developing countries as they facilitate economic activity and provide employment, thus contributing to poverty reduction. In the Indian context, with over 30% contribution to GDP and employing more than 11.1 crore people (the second largest after agriculture), the MSME can be considered as the backbone of national economy.
One of the prime challenges faced by the sector today is lack of adequate and timely access to finance. Over 78% of MSMEs rely on self-financing to meet their credit requirements.
It is beyond doubt that MSME sector has to reflect on strong ethical corporate governance practices and financial reporting procedures to overcome the problems of access to funding, availability of skilled labor and technology, infrastructure and raw materials etc.
IOD's MSME division envisions providing a holistic platform to facilitate growth and competitiveness of the MSME sector. It aims to become a pioneer body for the professional development of the MSME sector, especially the thriving start-up enterprises. At IOD, we appreciate the diversity and the challenges that MSME's bring with themselves and we aim to address them through a portfolio of activities spanning from training to specialized award system.
The training course offers information on a range of training modules, relevant to MSME Directors, executives and Sr. Professionals.
The purpose of this course is capacity building of MSMEs with special focus on Micro and Small subsectors. This course is designed for Independent, nominated and executive MSME Directors, Partners, Owners, Presidents, Chartered Accountants, Company Secretaries, Fund Managers, Management Analysts, Consultants, Academicians, Corporate Lawyers and other executives, who are keen to serve the MSME sector.