Government launches RestartIndia as MSME mentoring platform
Jul 24, 2020
Micro, Small, and Medium Enterprises Minister Nitin Gadkari launched ‘RestartIndia’ on July 23, a platform to aid MSMEs in restarting operations after lockdown.
Gadkari announced that new MSME-focused platform RestartIndia will make international management information and expertise available to regular Indian citizens, ET Bureau reported. The platform was designed and created by financial services business Muthoot Fincorp and innovation platform InkTalks.
“The objective is to raise the self-confidence primarily of small businesses by creating an environment for the re-establishment and progress of their businesses,” said Muthoot Fincorp’s chairman and managing director Thomas John Muthoot, ET Bureau reported.
The platform will include information on government schemes for MSMEs and will run in parallel with its Atmanirbhar project, according to Gadkari. Business experts from a number of industries will also be on hand to offer advice and suggest schemes and there will be dedicated aid for women entrepreneurs.
MSMEs have been hit especially hard by the coronavirus pandemic and pan-India lockdown and there is a significant chance many may have to close down. As the government had previously named MSMEs as the driving force behind India’s next phase of economic growth, it is hoping to get them back on track as swiftly as possible.
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