Govt of India Launches a Dedicated Portal For MSMEs

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  • This portal will have record of all the schemes launched for MSMEs by state and central governments
  • MSMEs can also use this portal to share research and innovation ideas

Union Minister of Road transport & Highways and MSME Shri Nitin Gadkari today launched bank of schemes, ideas, innovation and research portal on MSMEs through video conference from Nagpur in the presence of Pratap Chandra Sarangi, MoS for MSME along with Secretary MSME Dr Arun Kumar Panda and DC, MSME Ram Mohan Mishra and others senior officers.

The portal, as per the official statement, gives access to all schemes of Union, State and UT Governments. It has the provision for uploading ideas, innovations & researches in the sector. The portal has unique features of not only crowd sourcing of ideas, but also evaluation and rating the ideas by crowd sourcing. It can also facilitate inflow of venture capital, foreign collaboration etc.

“This portal will prove to be of great transformational significance to the MSMEs in particular and the economy in general. This is a very good beginning,” said Gadkari.

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He also suggested that category-wise classification and analysis of information and the achievements which may be published so that others learn/take lessons from successful experiences.

Conversion of knowledge into wealth

The minister also stressed upon the need for conversion of knowledge into wealth. He said that there is a need for greater work on research, technology, innovation which can bring down cost and improve quality. It is to be noted here that all the govt schemes for MSMEs will be on this portal.

Pratap Chandra Sarangi, MoS for MSME said, this portal will help the MSMEs in a big way through information sharing. Users who have idea, innovation or research with him/her can share it on this platform which will be reviewed by the concerned Officer and publish them for public view.

“Registered users can rate these ideas (Crowd sourcing) and venture capitalist can connect with user having idea, innovation and research,” read the official research.

The portal also has the facility to indicate the stage of Idea (Concept, Prototype or Commercialized) to make it more user friendly. Papers and photo related to Idea and Video and Social Media links can also be uploaded.

“The portal will benefit the potential entrepreneurs as One stop compendium of Ideas, innovation and research ready for commercialization. The Rating of Ideas can be seen publicly which will help in decision making. Venture capitalists can interact with Person and MSME having Idea or innovation. Similarly options are available for adding Banks, Government Labs, Incubators, Accelerators, Foreign collaboration in future,” read the press note.

Portal – http://ideas.msme.gov.in/

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