ISED

Institute of Small Enterprises and Development


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Gender and Finance in Entrepreneurship Development Strategies

In the agenda of entrepreneurship development, institutional finance, undoubtedly, has a key role to play. However, the way this role is performed, is dependent on the objective situation prevailing in each country. Institutional structures are a dominant factor. India has a strong network of public sector banks that play the lead role. Against the regulatory and promotional framework in the country, this paper looks into the role of institutional finance in taking forward the agenda of women entrepreneurship development. The debates on the subject today remain largely partial. On issues relating to flow of institutional credit, there are often arguments on fundamentalist grounds. Such arguments are not likely to help in evolving pragmatic solutions. The situation, as it remains today, is that institutional finance for women entrepreneurship development is, in practice, a divided house. The public financial institutions generally do not find a business case for women entrepreneurship development. Similarly, the financial institutions generally do not find gender as an area of opportunities, but at best, as an area where commitments have been forced upon them.

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The Legal Framework for MSMEs

Most progressive governments, across the world, have come out with some basic law that governs SME policy and practice. While such a basic law is a reference point, it needs to have dynamic elements that can help to capture the emerging realities of future as well. In India, though the MSME Development Act was passed in 2006, against the felt needs as articulated by the MSME associations, and other stakeholders. However, significant changes have since taken place in the overall MSME environment, thereby demanding a review of the legislation. The Act essentially provides for four key subjects that are of importance to sustainable development of MSMEs in the country: 1. Promotion; 2. Development; 3. Enhancing competitiveness; and 4. Other incidental matters. Beyond the above vision and objectives, rapid changes have taken place in the economy in several ways. Many of the routine functional areas of MSME development and practices have got decimated. The growth of e-commerce, and the escalated phenomenon of globalisation induced market distortions are issues that demand innovative solutions.

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Announcement of Opportunities (Advertisement No. 5/2017)

ISED offers the following openings at its headquarters at Cochin. Applicants are required to carefully go through the Institute website before submitting their application. Detailed bio data may be e-mailed to hr.udyoginstitute@gmail.com. Based on an initial screening, selected candidates will be called for interview. They may seek appointment for interview directly at 0484-2808171/ 2809884.

Business Consultants
Trainers.
Multi-task Assistant

Visit our website: http://isedonline.org/news&opinion.php to know more on Job details.


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Small & Medium Enterprises: The Global Scene Today

There are three long- term trends in the global economy today: First, globalization and interconnectedness. The opening up of trade and financial flows has helped to raise global growth and welfare, but without eliminating poverty in all economies-it
also poses major challenges like rising inequality, which is increasingly noticeable around the world today. It is projected that, in the coming decades, powerful forces of globalization-communication technology, financial flows, migration-will continue
to influence the world we live in. Second is demographic change. Life expectancy in many countries of the North has led to a swelling of the dependency ratio. Other societies, especially in Asia, will also go through a dramatic aging of the population in
the future. All these will have enormous ramifications-socially, politically, and economically. Third is technological innovation. Technological progress is having a revolutionary impact in many ways-it raises people’s expectations in this hyper-connected world, but will also make a lot of traditional jobs obsolete. These underlying drivers create both opportunities and challenges for MSMEs. Of course, through difficult steps, they need to identify and sustain their space. India’s MSMEs have several positives in a relative sense, though much of it still remains yet to be tapped.

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MSMEs in India: Leading Issues of Today

In every democracy, the developmental outcomes are decided by people’s aspirations, to begin with. These aspirations need to be articulated through effective platforms. Institutions are the outcome of these platforms and their initiatives. People’s
mandate legitimizes the actions of institutions. Unless public policy, evolved through democratic process, gives proper signals, one cannot expect India to realize its aspirations on the MSME front.

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