Awareness Session on MSME Competitive Lean Scheme

In India, the Micro, Small, and Medium Enterprises (MSME) sector is significant due to its substantial contribution to employment, production, and exports. They contribute to economic diversification by operating in various sectors such as manufacturing, services and technology. They are considered as the backbone of India’s economy. However, these enterprises often face challenges such as resource constraints, limited access to capital, and a highly competitive market environment. In such a scenario, adopting lean manufacturing principles can provide significant advantages for MSMEs. Given the significance of the MSME sector, it is crucial to ensure the competitive position of Indian SMEs, both on the national and international stages. It is therefore essential to enhance competitiveness and productivity of the Indian Industries by reduction of wastage in manufacturing processes, inventory management, space management, energy consumption etc.

Considering the above essential requirements to enhance productivity and competitiveness in MSME, the Government of India has launched the MSME Lean Manufacturing Competitiveness Scheme (LMCS) to enhance the competitiveness of Micro, Small and Medium Enterprises (MSMEs) in the country. The main objective of this scheme is to enhance the competitiveness of Micro, Small and Medium Enterprises (MSMEs) in the country. The Lean manufacturing is a systematic approach for identifying and eliminating waste in operations through continuous improvement for doing everything more efficiently, reducing the cost of operating the system and fulfilling the customers desire for maximum value at the lowest price. This enables the industry stakeholders to be competitive and sustainable aiming to the promotion and development of the industries across Country.

In this regards, ASSOCHAM Goa State Council in collaboration with MSME Development and Facilitation Office (DFO), Goa is organizing an awareness session on MSME Competitive (Lean) Scheme on 18th October 2024 at Kundaim Industries Estate Hall at 3 PM to 5 PM with an objective to empower MSMEs aiming to help their businesses improve efficiency, reduce waste, improve product quality and increase productivity encouraging safety at workplace. Further on, this program will also witness Udyam registration mela and assistance of Directorate of Industries, Trade & Commerce, Govt of Goa to understand the new and existing schemes of State Government,