00:00Recognising MSMEs as a vital engine of growth, I propose a three-pronged approach to help
00:07them grow as champions.
00:11Equity support.
00:12I propose to introduce a dedicated 10,000 crores SME growth fund to create future champions,
00:22incentivising enterprises based on select criteria.
00:30I also propose to top up the self-reliant India fund set up in 2021 with 2,000 crores to continue
00:40support to micro enterprises and maintain their access to risk capital.
00:48Equity support.
00:49With TREADS, more than 7 lakh crores has been made available to MSMEs.
00:56To leverage its full potential, I propose four measures.
01:01One, mandate TREADS as the transaction settlement platform for all purchases from MSMEs by CPSEs,
01:12serving as a benchmark for other corporates.
01:16Two, introduce a credit guarantee support mechanism through CGT MSC for invoice discounting
01:24on TREADS platform.
01:26Three, link GEM with TREADS for sharing information with financiers about government purchases from
01:34MSMEs, encouraging cheaper and quicker financing.
01:40Four, introduce TREADS receivables as asset backed securities, helping develop a secondary
01:48market, enhancing liquidity and settlement of transactions.
01:56Professional support.
01:57Government will facilitate professional institutions such as the ICAI, ICSI, ICMAI to design short-term
02:07modular courses and practical tools to develop a cadre of corporate Mitras, especially in
02:15tier 2 and tier 3 towns.
02:20These accredited paraprofessionals will help MSMEs meet compliance requirements at affordable
02:28costs.
02:29ability.
02:30That's all.
02:31That's it.
02:32That's it.
02:33Thanks for doing that.
02:35Thanks, I will.
02:36Thanks for having me on the link.
02:38You're welcome.
02:40Thanks.
02:41I'll see you next time.
02:43Bye.
02:44Bye.
02:45Bye.
02:46Bye.
02:47Bye.
02:48Bye.
02:50Bye.
02:52Bye.
02:53Bye.
02:56Bye.
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