Connect with us

Opinion

Capturing Artificial Intelligence Startup Wave

Published

on

Capturing Artificial Intelligence startup wave

By Falak Jan and Naveed Hamid

The influence of Artificial Intelligence (AI) on every sector, virtually, cannot be overlooked, from the automation of simple and repetitive tasks to the performance of particular and highly complex functions that are hard or even impossible for humans to accomplish. The advantages of AI as a crisis management mechanism have been shown by different countries during the pandemic. Some of the nations were able to recognize trends from big data with the aid of AI supporting their health systems and monitoring the spread. A clear example of the success of Artificial Intelligence in China is how it helped speed up the diagnosis of large numbers of patients with the novel Coronavirus in radiology technology. Other nations integrated different skills to enhance the established capacity of Artificial Intelligence to combat COVID-19. In order to save lives and minimize human exposure to the COVID19 outbreak, the current global situation is driving the production of robots and the improvement of AI. It could lead to a new age of human-robotic helpers. Robots are used by a hotel in China to deliver food to people put under quarantine. A fleet of robots is being prepared in Spain to assist with coronavirus testing in the region. Not only does the interest in AI increase in replacing individuals, but also in helping them in their daily work. The majority of workers in the workplace will work from home. This “pushed” digitisation of the workplace is likely to introduce a new trend with new needs in Work from Home culture. It is very clear that the coronavirus, from its core technologies to its applications, has driven and will continue to push for the advancement as well as further progress of AI & Automation. Globally, COVID19 has undeniably altered billions of lives. Although many long for a “return to normal,” many facets of the community will never quite return to the state things were and the economic environment has been permanently altered by the shock. Once a vaccine is widely accessible and distributed, societies, schools, companies and global infrastructure will also have to adapt to a post-COVID environment.

Opportunities and Scope of AI Startups in different sectors

In the majority of the industrial sectors, the uncertainties caused by COVID19 have created great havoc. Across the technology market, there are marginally more positive effects than negative ones. The pandemic has created a stage to prove its worth for new-age technologies such as data-driven technologies and Artificial Intelligence. We are most likely to see an upsurge in the requirements of AI skills because of the growing acceptance of AI across different industries. In combating COVID19, BigTech has already shown how beneficial AI can be. For example, to recognize vulnerable populations and serve as an “early warning” system for potential outbreaks, Amazon.com Inc. collaborated with researchers. BlueDot, a startup client of Amazon Web Services, used machine learning to sift through vast quantities of online data and forecast the spread of the virus in COVID hit countries.

Market behaviour has also been influenced by pandemic lockdowns in ways that will spur the development and growth of Artificial Intelligence Startups. The rising e-commerce sector: as customers purchase more online to escape the risk factors of shopping in shops, more information on tastes and shopping patterns is given to sellers. Startups that allow customers to shop, study, work and connect have almost unexpectedly skyrocketed to mass acceptance as the world adapts to new ways of life so to connect the customer with the market via AI models.

Roadmap towards the New Normal

The loss of human lives is just the tip of the iceberg to state, what remains are the dangerous ashes of today’s scenario. Inside the startup and MSME environments, the most damaging aftershocks will be felt. These rely on a constant flow of capital and investments that have come to a complete standstill due to the pandemic. Since most startup leaders and entrepreneurs are looking for exit strategies to prevent losses, some of us have already given up on the threat. It may take ages to further substantiate aspiring workers, projects and thoughts that were to bloom into reality. Times are difficult and only the tougher ones will be able to survive. Looking at all this from a vantage point, a variety of companies still seem to be benefiting from all this. Since this is not a meltdown driven by the economy, it is a disaster that did not devastate the infrastructure at hand; it just put it all to a standstill. In the midst of all this, few businesses seem to be making the most of the recent turn of events. Although it is a war for survival for some of us, there are a few who have taken this opportunity to make this state a fortune.

There is a huge behavioural shift perceivable among customers, courtesy of the new norms directed by government bodies around the globe. The new standard might not be as bad as we presume it is, from online shopping to social distance and less likely a need to drive to congested high-density areas. The new normal will usher in new prospects for some of these industries. A whole new industry that had previously been untouched is now up for grabs to enter the AI startup market.

To work on with the innovative, Machine Learning and Artificial Intelligence startups are easily the most common. For several startups, Cloud Computing is vital to the underlying enterprise, looking to facilitate anything from virtual learning to telemedicine to food delivery. This implies that crisis times are not only a challenge, but can provide entrepreneurs with new opportunities, as startups can help tackle the constraints posed by challenging health or economic conditions and adapt to changing needs and requirements.

ENCASHING THE UNTAPPED/HIDDEN TREASURE:

  1. AI Educational Startups

When schools and educational institutions are not permitted to operate, online schooling, tutoring, workshops, webinars, web courses, etc. have become the requirement of the hour. Irreplaceable, the online education market is experiencing a sudden boom and individuals from all walks of life, from each of the COVID19 impacted nations, are searching for traditional teaching and learning alternatives. People are reluctant to send their children to locations where it is difficult to practice social distancing. Even, for the duration before we have a permanent cure for the COVID19 pandemic, it is easy, holistic and more sustainable.

  1. AI Health & Wellness Startups

More healthcare organisations have been influenced by COVID19 to implement the concept of intelligent data as a platform for migrating to digital health. Several businesses are collaborating with startups who have the means to offer technology-enhanced solutions either by enabling these startups to connect to their networks or by forming a partnership type of customer-vendor. The solutions are not limited to finding issues and offering remedies but must expand to presenting technologies that allow the organisation to enhance its patient records, manage aggregated and distributed data more effectively, and handle a greater amount of information gathered from different sources.

  1. AI Agricultural Startups

India is largely referred to as an agrarian economy, providing a means of livelihood for about 50% of the Indian population. The coronavirus-led lockdown, however, struck the farming community and adversely affected their livelihood because of the constraints placed on transport and logistics, the supply chain, and the closing of local markets.

Even after the announcement of lockdown, the movement of agricultural machinery, the scarcity of critical agrochemicals and other impediments to the entire supply process have been restricted. But the alternative for farmers to trade online has led to massive growth in agricultural start-ups. These start-ups are creating platforms that allow farmers to choose their market at better prices and sell their goods. In order to maintain the sector functional, these agritech startups bring creativity with the integration of emerging technologies such as the Internet of Things (IoT), artificial intelligence (AI), data analytics, and remote sensing, start-ups are providing quick solutions to streamline supply processes and help farmers produce more efficiently.

More productive ways of growing, tracking, and selling crops were offered by the implementation of artificial intelligence and IoT in agriculture during the pandemic. It also introduced a new world of farming to support the life of a farmer.

Agritech startups have developed precision-based sowing techniques because farmers have to meet a huge demand. AI-based applications are available and need of an hour to forecast weather conditions and to assess the best time to accurately sow seeds, to ensure better growth and to reduce waste. The IoT-enabled self-reliant apps leverage sensors that track the crop and soil health.

Some of the new AI start-ups in Agriculture:

  • Soil and Crops Health Monitoring
  • Precision Farming with Predictive Analytics
  • Automated Irrigation Systems
  • Autonomous GPS guided harvesting systems.
  • Automated Pest and Weed Control
  • Species Recognition, etc.
  • Predictive Agricultural Analytics
  • Supply Chain Efficiencies
  • Agricultural Product Grading
  • Credit Risk Management
  • Agri-Mapping
  • Disease outbreaks prediction in Veterinary Sciences
  • AI radiograph

Artificial Intelligence is also increasing in other sectors such as biotech, fintech, online gaming, e-commerce, among others, although these developments have taken place in the start-up ecosystem.

Case Study for boosting the level of interest among young AI Entrepreneurs

With the advancement of AI & its various implementations in education, the academic world has really become more easy and customized. Today, as long as students have computers and internet access, they do not need to attend physical classes to learn. The new way of studying and educating students is entirely different from what it was a few years ago. The automation of administrative tasks has also been facilitated by AI-enabled technologies, enabling organizations to minimize the time needed to complete the complex task and day-to-day processes. Not unexpectedly, all the traditional ways of doing things will soon become a thing of the past in the academic world.

Teachers also spend a considerable amount of time in the academic environment on marking examinations, reviewing assignments, and presenting their students with answers. While AI might never really be able to replace human grading, it’s getting very close. It’s now possible for teachers to automate grading. AI-powered technologies can evaluate the awareness of students, analyses their responses, provide helpful feedback and assist teachers to develop customized training plans for students who can struggle with the subject. Although machines can already evaluate multiple-choice assessments, they are very close to being able to evaluate students’ writing as well.

These technologies have changed the landscape of education sector over the years, which paved the way for the edtech industry. According to estimates, the demand in India’s edtech online market is expected to grow to $1.96 billion in 2021. The advancement of technology in this industry is, however, the major element responsible for this development. Edtech is projected to play a significant role in revolutionizing the education sector by tackling new challenges.

Noida-based edtech startup Gradeup has worked with artificial intelligence (AI) and machine learning (ML) with such a vision to provide a robust examination preparation platform that offers live online courses from some of the best faculties in India.

Established in 2013 by Sanjeev Kumar, Shobhit Bhatnagar and Vibhu Bhushan, Gradeup is an online competitive exam preparation platform with a large user base of over 20 million candidates for the exam. Over the last four years, Gradeup has managed to raise $10 million, which has invested in and acquired other popular firms, including Gaana, Delhivery, and MX players.

This platform works to create ML models to read complex image math equations and to use Natural Language Processing (NLP) to help search for equations. In order to improve spam detection in group posts and searches, they have also improved their AI algorithms. The precision of their model currently stands at about 83 percent. In addition, the founders are in the process of developing AI systems from which they can detect the consistency and effectiveness of live classes.

To address a few big issues, Gradeup has been applying AI and ML techniques.

  • Helping students sustain longer periods of learning- An AI system has been designed that recommends students to review a topic after x number of days, based on their precision, last attempts, topic level of complexity, and other factors.
  • Analyzing search issue pictures- Gradeup’s Machine Learning Algorithms are used to detect if equations, histograms, diagrams and other items are included in a query. Based on that, to find an answer to the problem, they run various OCRS and search Algorithms.
  • Spam Filtering- Gradeup has deployed ML models that can detect whether an image or text contains spam or other irrelevant content to create a check on the quality of content generated by users and stop the user from continuing.

 

Conclusion

Jammu and Kashmir UT has the potential to match other states in AI capabilities due to the degree of innovation that occurs and the accessibility to large datasets. However, there needs to be a wide prioritisation to upskill the younger generation in this space and encourage governing bodies to push an AI-first agenda in a strategic manner. AI has quickly become a focus here in India, with the number of AI startups and private investments growing rapidly.
The government should try to accelerate the application of AI in both agricultural and other sectors so to make a way and space for young budding entrepreneurs to catch the market for making their livelihood and upskill others for bringing an ecosystem of entrepreneurship.

Authors work at Innovation & Entrepreneurship Cell and AI Cell of SKUAST-Kashmir. You can reach them at bhatnaveedbhat@gmail.com. 

Opinion

The Golden Flames Of Autumn Chinars 

Published

on

The Golden Flames Of Autumn Chinars 

 Syed Aamir Sharief Qadri

The Golden Flames Of Autumn Chinars 

When God created this planet he embellished it with myriad colours so that human beings can see, feel and embrace them in different seasons. In addition to cool and warm colours usually, it is the green and white that represent seasons in Kashmir. The changing season brings new colours and in autumn it is orange, yellow, brown and red shades that dominate the scene.

How beautifully Albert Camus described the loveliness of the autumn season in a single line when he said ‘Autumn is a second spring when every leaf is a flower’. Contrary to this thought, many say all beauty ends at the beginning of this season. They believe this season snatches life from green plants and trees to look everything dull.

I don’t know what autumn looks like in other places of the world but in Kashmir, it is dazzling owing to a presence of a good number of chinar trees. The glory of this tree is something unique. In its praise, a famous couplet by Allama Iqbal is very popular.

Jis khaak ke zameer main ho aatish-e-chinar

Mumkin nahi ki sard ho wo khaak-e-arjumand

(The dust that carries in its conscience the fire of chinar, It is impossible for the celestial dust to cool down)

It is quite amazing to see the dance of autumn leaves that appear vibrant while falling from tall trees. Just like some people are happy to get drenched in the rain during monsoons similarly a few like to dance with the falling of leaves in the autumn season. Indra Gandhi the third PM of India often used to come to Kashmir in the autumn season to see the picturesque fall of chinar leaves. 

Platanus orientalis, The plane tree called Chinar in Urdu and Boen in Kashmiri.  The long-lived deciduous tree is said to have originated in the Balkan area of the Mediterranean region. It grows well in temperate latitudes and is widely spread throughout Eurasia. This tree outside Kashmir is revered by Greek and Persian culture. Whether chinar has an indigenous origin or was introduced by foreigners in Kashmir is still debated in the academic circle. Once cultivated this tree flourished in the supportive environment of Kashmir. 

The mystic saints Sheikh Nuruddin (RA) and Lal Ded have mentioned the name of this tree in their sacred works. The chinar tree planted by Sufi saint Syed Qasim Shah Hamdani in 1374 AD at Budgam was believed by MS Wadoo author of the book “The Trees of Our Heritage” to be the oldest in J&K. But the ongoing census and geotagging of chinar trees show some chinar trees to be 1000 years old in central Kashmir.

It should be noted that we get enough references about the presence of chinar trees in the valley during the sultanate period of Kashmir. But we also know that the Mughals promoted chinar on a large scale. They planted a majestic chinar tree in the gardens of Kashmir and gave it the status of a royal tree which remained intact to this day. 

The world-famous Mughal gardens are known for their majestic chinar trees. The three well-known gardens Nishat, Shalimar and Naseem Bagh in the heartland of Kashmir are full of grand chinars. Over 1200 chinar trees were planted alone in Naseem Bagh by the Mughals. Outside the city, Mughals planted chinars in the gardens of Verinag, Achwal, Dara Shikoh Bagh, and Padshahi Bagh in the Anantnag district. 

It would be quite interesting to call Srinagar the city of chinars. Besides Mughal gardens where chinars are planted in large numbers, one can see them everywhere in the city, on the banks of Jhelum, along the residency road and in the middle of Dal Lake. 

The entire region of Kashmir is dotted by shady chinar trees be it cities or hillsides. The kings mostly planted these trees in important locations. It was the common people especially Sufi saints who took it to the villages of rural Kashmir. 

A perfect example of beauty, this heritage tree is known for its gigantic size. Chinar is perhaps the only tree in the valley that can live for centuries. That is why the saying “Boen chi Gawah” which means chinar witness everything is very famous. This tree is a witness to history and holds a special place in the culture of this land. Under the shadows of this tree, many dynasties flourished. 

The beautiful design of chinar leaf is well acclaimed in the Kashmiri handicraft and wood industries. Every part of the chinar tree is valuable. The timber is used for making furniture, the bark is used as medicine, and from twigs and roots fabric die is made. Its leaves are used to fuel the fire pot locally known as Kangri. But above all the majestic chinar is known for its aesthetic beauty. The experience of walking on the red carpet lying under the chinar trees is pretty special. The sounds produced by the crunching of leaves under one’s feet are touching. With the onset of autumn, people throng to the valley in great numbers to feel the life-giving warmth of chinar trees. 

Boen-e-Shuhul, The cool shades of this tree are quite popular. In summer, people often take shelter under its strong and spreading boughs. Many people wish to be buried under the shades of this tree. Perhaps Sheikh Abdullah the author of Aatish-e-Chinar would have wished the same. Luckily he was buried in the premises of the historic Nasem Bagh on the shores of Dal lake in Srinagar.  

Despite being a state tree, protected by the legislation, the number of chinar trees continues to decrease. In the 1970s as per the official count, there were 42000 Chinar trees in Kashmir and that number has been reduced to a mere 5000 now. 

For some years now the government seems serious enough to promote heritage tourism by distributing saplings to increase the population of chinars in J&K. We should also plant chinar trees in abundance on chinar day which is celebrated on March 15 every year.

 To mark India’s 75th year of independence this year in mid august the govt announced to establish at Srinagar the largest chinar park in the valley by the name of Chinar-Zaar. The autumn of Kashmir can be made even more beautiful if the government take initiative to establish new chinar gardens in every part of J&K. 

A poet and writer, the author has done his MA in History from the University of Kashmir and MPhil from Punjabi University, Patiala. Presently, he is a freelance columnist. You can contact him at aamirsharief45@gmail.com

Continue Reading

Health

Lack of physical activity, stress affect well-being of children

Published

on

Lack of physical activities affect well-being of children

Need to impart healthy and active lifestyle among youngsters

Dr Taizeena Khan

Lack of physical activities affect well-being of children

Dr Taizeena Khan

World Health Organisation (WHO) defines health as complete physical, mental and social well-being and not merely the absence of disease or infirmity. At an early stage children not only need love and care, but also a proper road map for a healthy lifestyle. This road map should be devised by keeping in mind all the parameters of health and wellness. It should not only focus on the physical and mental health of our children but also on the social aspects of it. To achieve this goal we need to enhance the skills of parents. The health and wellness plan from the birth of a child will decide the future of our coming generations.

In recent years of my clinical practice as a physiotherapist, I have noticed more youngsters coming to me with musculoskeletal disorders. This abrupt rise of my younger generation patients, their lack of physical activity, unnecessary stress and lack of social set-up that could provide them with a platform to practice a healthy lifestyle at an early stage urged me to choose this topic today.

In recent years children as young as 12-18 years old have been coming to me with musculoskeletal disorders. While consulting/counselling these youngsters I have come to the conclusion that there is not only a lack of physical activities but also a lot of avoidable stress leading to the unhealthy choice of lifestyle in this age group these days.

To a large extent, I believe that technology has also played a great role in this. No doubt that technology has become an integral component of our daily lives. Technology has, to a great extent, made our lives easier but at the same time, it has done that at the cost of our physical, mental and our social lives. This all begins when we as a parent make a choice of offering a smartphone to our 6-month-old so that we can feed him. Children are easily attracted to new toys and a smartphone with so many features is no doubt the best form of toy for them. It has a cartoon that speaks to them anytime they hit the button. The best fictional stories they could ever watch and everything they could get their hands on. Meanwhile, we don’t realize the cost of bringing this technology to them at this early stage of their life. We happily make our child technology-dependent too early for our own convenience, as it is not only saving us time in this fast-moving world, but we also think that we are making our child happy.

Physical inactivity in children is becoming a growing problem day by day and has been considered an epidemic according to research.

WHO reports that about 70% of boys and up to 88% of girls under the age of 10 don’t get the physical activity they need for their age.

Think back to the times when we were growing up as kids. How did we spend our time in school as well as at home? There were no computers, no smartphones, and almost no technology. There was a good balance between our books, TV time and playing games. We were encouraged to go out and play. We had more real friends than social media friends whom we could talk and discuss our stress with. We also used to spend a lot of time on our vacation with our extended family members, especially with our grandparents. We used to listen to their stories, the folk stories, their real-life experiences etc. I remember going on for long walks with my grandfather and on the way bothering him with lots of inquisitive questions about the trees, the birds, or whatever we saw on our way. This helped me appreciate nature, love animals and observe things keenly.

But times have changed. Children today are hardly seen playing after school or having a good social life. Pressure from parents to perform better in academics, more and more access to technology and lack of physical activity is leading to overall physical, mental and social problems in their lives.

This sedentary lifestyle arising due to various problems discussed above is the leading cause of childhood obesity, hypertension, cardiac problems juvenile diabetes, anxiety, aggression, depression and other behavioural changes and musculoskeletal disorders in children. Delayed growth and development in infants and toddlers are also seen due to changing patterns of raising our children and more and more technology taking over our burdens. In recent years, more infants and toddlers are facing delayed speech and learning disabilities.

Investing time and effort in early childhood development starting from infancy is pertinent to stop this epidemic and give our children the best life. Plan a proper balanced healthy lifestyle program for your child’s health and wellness.

Here are some tips to lay a foundation for the health and well-being of our children whose benefits last a lifetime.

·  Do not introduce technology to your children at a very early age.

·  Instead introduce games which stimulate their brains, e.g. educational and learning toys such as building blocks, numbers, shapes, colours etc.

·  Spend more and more time with them while they are still in their infancy. Read a storybook for them, this encourages them to read and write.

·   Feed them while they are observing nature and not offering them a smartphone, this helps them enjoy their food and develop their taste buds better.

·   Encourage them to feed themselves as soon as you think they are ready for it.

·   Encourage them to do small independent activities e.g. feeding themselves, combing, brushing, tying shoe laces, etc. This will not only help them stay physically fit but also independent.

·   Introducing a healthy balanced diet plan and avoiding junk food is imperative.

·   Regularize the feeding and sleeping time.

·   Encourage going to bed early and do not give them access to technology at bedtime.

·   Limit the technology, TV and video game time, e.g. you can allow technology time which includes any form of technology only 1-2 hours a day.

·   Encourage them to spend more time playing games with friends, and extended family members, especially grandparents.

·   You can also select a day to play with your kids e.g. weekends, this will help you bond with your kids and also help you and your kids stay physically fit.

·  Encourage them to spend more time playing outdoors.

·  Encourage them to spend time with grandparents, let them listen to their real-life experiences and learn from them, and encourage physical activity as much as possible.

·  Bond with your kids. Listen to them with open mind and heart. Do not put pressure on them to achieve academic or any other goals in life, instead encourage them to do well in life by giving them all the support they need.

·  Last but not least be a practical example for your own kids. Practice a healthy lifestyle and they will follow you.

 

The author is a physiotherapist. She has done BPT from Bangalore, PGDMS from London, MBA from USA, MIAP. Besides, she has fellowships in Geriatric Rehabilitation, Pediatric Rehabilitation and is a certified women’s health exercise expert. She can be reached at drtaizeenkhanphysio@gmail.com 

Continue Reading

MSME

MSMEs: Backbone of Indian economy

Published

on

MSMEs: Backbone of Indian economy

Mohmad Iqbal Marazi

MSMEs: Backbone of Indian economy

                Iqbal Marazi

MSME sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. It contributes significantly to the economic and social development of the country. But, the sector was among the most affected sections during the COVID19 pandemic.

It has been reported that lockdown induced the closing of thousands of MSMEs in the country, despite the government of India’s Rs 20 lakh crore covid response package. According to a recent report by Small Industries Development Bank Of India(SIDBI), two-thirds of MSME’s in India were shut for a period of three months or more in FY2021 and over half of all MSMEs saw a decline of 25 percent in revenue.

WHAT ARE MSMEs

MSMEs are micro, small and medium enterprises categorised on the basis of investment in plant and machinery and the annual turnover in accordance with the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006. MSMEs in India have evolved considerably since independence. From being referred to merely as the small-scale industries (SSI) sector in 1960s and 70s, the MSME sector has progressed in scale and in the scope of business activities over the years. MSME consists of both traditional and modern small industries in India. Small industries are divided into eight subgroups: Handlooms, Handicrafts, Sericulture, Khadi And Village Industries, Small Scale Industries and Power looms.

 WHY ARE MSMEs SIGNIFICANT FOR INDIA’s DEVELOPMENT

MSMEs: Backbone of Indian economy

1) Acting as engines of entrepreneurship: The indigenous skills and grassroots innovations can be channelled into MSME business ideas as they require very limited capital investment, are low risk and are not bureaucratically tedious.

2) Completing the economic supply chain: MSMEs are complimentary to large Industries as ancillary units and form an integral part of the value chain by filling the localised gaps.

3) Equitably distributing the opportunities of development: MSME units provide source of income, in wide range of non- agricultural activities and provide employment opportunities in rural areas, especially for the non-traditional artisans and weaker sections of the society.

4) Encouraging inclusive growth via employment generation: MSME are the second largest employers of human resources, after agriculture. They are, therefore considered to be more labour-intensive and less capital-intensive. They provide gainful employment to marginalised sections.

5) Growing role in technology-intensive and rapidly emerging sectors: Indian MSME’s are not limited to small business only but are rapidly increasing their presence, like Financial Technology, Defence, Manufacturing and Space among others.

6) Aiding achievement of sustainable development goals: MSMEs produce products using locally available resources, both material and labour. These products and processes help in achievement of SDGs both directly and indirectly. Some of SDGs are as:

SDG1 (End Poverty) Alleviating poverty through micro franchising

SDG3 (Good health and wellbeing)

SDG6 (Sanitation for all)

SDG7 (Energy for all)

SDG10 (Reduced Inequalities)

SDG14 (Life below water)

India’s MSME sector contributes almost 30% of the GDP. Almost half of the exports come from micro, small and medium enterprises. In India around 20% of micro, small and medium enterprises are micro enterprises. More than half of micro, small and medium enterprises are owned by general category entrepreneurs.

RECENT INITIATIVES TAKEN BY GOVERNMENT OF INDIA FOR MSMEs:

1) Improvement in overall performance and quality. Raising and Accelerating MSME Performance (RAMP) is a world bank assisted central sector scheme. The revamped Zero Defect Zero Effect (ZED) Certification scheme.

2)Access to Finance, Collateral free loan 59-minute loan portal.

3) Access to markets, mandating PSEs to compulsorily procure 25% of their total purchases from MSME’s, International Cooperation Scheme, Marketing Assistance Scheme.

4) Technology Upgradation, Setting up 15 new and upgrading 18 existing tool rooms.

5) Ease of doing business, randomised inspection through a computerized random allotment, reduced environment clearance and certification burden.

The author is a PG student of economics at HNB Garhwal Central University Uttrakhand. He can be reached at iqbalmarazi999@gmail.com

Continue Reading

Trending