The West Bengal Directorate has unveiled a number of MSME Registration programmes to help MSMEs achieve sustainability. The government works to inspire future entrepreneurs while keeping in mind the current industrialisation condition. They have developed a number of plans and projects in response to this.The directorate of MSMEs asks the businesses to implement intensive programmes to overcome one of the major challenges, taking into account the urgent need of the hour. It is a matter of poor communication. You will need a strong sense of determination and the ability to take risks if you want to build a successful micro, small, or medium enterprise.

West Bengal unquestionably leads the nation in terms of creating all micro, small, and medium-sized businesses. To encourage the growth of such businesses in the state, the state government has launched a number of strategic initiatives.

The state's MSMEs have grown incredibly as a result of the support that is provided to company owners and enterprises. The programme has not only paved the path for the launch of new businesses, but it has also aided the expansion and success of many already-existing businesses. In terms of employment, investment, and export, the businesses have reaped numerous rewards. Furthermore, the MSME industry has employed many people, opening up work prospects.

MSME Businesses in West Bengal

The state's MSME department serves as a nodal office in assisting with the formulation of operational policies and the execution of a number of advantageous initiatives and programmes. They are essential to the expansion and growth of the MSME sector. The department works to promote textiles, MSME, handlooms, and other industries while facilitating sustainability.

Given the strength of many businesses functioning in the state, the department makes a number of interventions to speed up the sector's growth. The convenience and viability of operating in the fiercely competitive globe are provided by various promotional programmes and integrated development.

Additionally, the department intends to provide support in a number of fields, including marketing, technical, financial, and physical fields. 

The department promotes the creation of different parks with a focus on the industry and the production of a variety of goods by all private entities. 

Assistance Is Provided At Various Stages

The ministry of micro, small, and medium enterprises helps companies at various stages to make sure everything runs well. Let's go in-depth on the various stages they offer support at and the various forms of aid provided.

Early Stages of Investment

➨Engagement with the officers and field-level officers.

➨Either the craftsmen or other similar participants in the EDP receive training support or training.

➨Campaigns and seminars that are meant to inspire young business owners.

➨Providing sponsorship for loan cases to various financial institutions.

➨Plan-making advice from a consultant.

➨In order to obtain pollution clearance.

After Investment Phase 

➨To provide subsidies.

➨Memorandum for Udyog Aadhaar application.

➨Together with the MSME-DI, the buyers and sellers convene.

➨Counseling assistance for all problems involving late payments.

➨Assistance with the quality control facility.

➨Assistance with marketing and involvement in business affairs.

The Department of the MSMEs concentrates on a number of additional tasks in addition to those mentioned above. They see to it that West Bengal's businesses have the finest support possible to flourish and achieve well.

Also read      Msme registration for small business 

Let's examine such support programmes to discover how they facilitate business growth.

➨Using equity support and legislative initiatives to encourage entrepreneurship and the startup culture throughout the state. The WB MSME Venture Capital Fund is the name of the venture capital fund they use to support small and medium-sized enterprises.

➨By offering all necessary policy support, the state may encourage the expansion and development of the MSME sector.

➨Generating a lot of employment prospects while keeping in mind the SC/ST community and the economically underprivileged area of the society. People can find work as a result of the growth of businesses.

➨Extending a helping hand to firms looking to establish or grow their operations.

➨Increasing the cooperative and SHGs' involvement and support in MSME production and marketing. Their primary goal is to support the weaker members of society.

The district industry centers offer a variety of various extra plans, help, and escort services to the business owners. We briefly touch on a few of them below so that our readers can get a sense of how the government is assisting the business sector.

➨The promotion of growth centers or new industrial estates.

➨Technical assistance with project report preparation.

➨ Priority for project supplies and phone connection.

➨encouraging the electronic industries.

➨information on machinery, including supplies and equipment.

➨assistance in obtaining the land or shed in industrial parks.

➨ Marketing support through participation in trade shows, exhibitions, and buyers-sellers meetings.

➨Assistance under the NSIC Ltd.'s Equipment Leasing Scheme and Hire Purchase of Machinery Scheme, respectively.

➨ Through seminars, training sessions, and workshops, management skills can be improved.

Importance of Digitization

Nitin Gadkari, India's minister for small and medium-sized companies, remarked that digitizing MSMEs is one of the best ways to address practically all problems. Additionally, it promotes transparency, goal- and time-oriented behavior in small organizations. 90% of MSMEs, however, have not yet embraced digital solutions. More worrisome is the reality that many businesses are undergoing digital transformation at a startlingly slow rate—almost at a snail's pace.Did you know that, in 2019, the first-quarter economic report from Singapore found that businesses that adopted digital tools had increases in value and productivity of 25% and 16%, respectively.

During a pandemic, these instruments are particularly vital for businesses and help their sales soar. Even though every industry is undergoing a financial downturn, the technologically sophisticated companies saw their sales climb to record levels.

According to a 2012 CISCO APAC SMB Digital Maturity assessment, the GDP of Asia Pacific could rise by up to 3.1 trillion USD by 2014 if 50% of MSMEs use automation tools. Utilizing tech tools simplifies operations both inside and outside of a business.