Neera Juu
Neera Juu
Neera Juu
On
“Sales and marketing”
Submitted to
KAPURTHALA
award of degree of
Submitted by Supervisor
DEPARTMENT OF MANAGEMENT
1
Final project report submitted for the completion of
“SUMMER INTERNSHIP”
in
SKILL LABS
Submitted By:
Neeraj Ranout
Dr Himesh Sharma
2
3
STUDENT DECLARATION
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FACULTY DECLARATION
I hereby declare that the student Mr. NEERAJ RANOUT of MBA (3) has
undergone his/her summer training under my periodic guidance on the
Project titled “RESEARCH ON MSME”. Further I hereby declare that the
student was periodically in touch with me during his training period and the
work done by student is genuine & original.
5
ACKNOWLEDGEMENT
6
INDEX
Chapter No. Chapter Title Page No.
1. Introduction to company
8-9
Introduction to MSMEs
10-11
2. Literature Review 12-15
Introduction to project
and objective of study
16
3. Methodology
17
Questionnaire
18-22
4. Data analysis and 23-29
interpretation
4.1 Venus Garments
4.2 Pawana Trading Co.
4.3 Anand Enterprise
5. Suggestion and
recommendation of
30-31
study
6. Reference
32
7
CHAPTER 1
Established with a vision to bridge the gap between theoretical knowledge and
practical application, Skill Labs has garnered a reputation for excellence in the
education and training sector. By harnessing the power of technology, industry
expertise, and a learner-centric philosophy, the company strives to enhance
employability and nurture individual potential.
9
INTRODUCTION
India is home to approximately 6.3 crore MSMEs. As of May 16, 2021, The
Udyam Registration portal of MSME Ministry registered 30,00,822 MSMEs,
which replaced the former process of filing for Udyog Aadhaar Memorandum
(UAM).
Registered microenterprises stood at ~ 28 lakh (93%), followed by small
enterprises at 1.78 lakh (6%) and midsized enterprises at 24,657 (1%). The
Indian MSMEs sector contributes about 29% towards the GDP through its
national and international trade.
The BSE SME (small and medium enterprises) platform is expected to witness
>60 SMEs to enter the market in one year (2021-22) to bring up equity funds
for meeting their business requirements. The initial public offering (IPO) route
witnessed 16 SMEs enter the market.
10
Altogether, they raised Rs. 100 crore (US$ 13.74 million) in 2020.
11
CHAPTER 2
LITERATURE REVIEW
The research work included to learn about various opportunities available in
our country for growth of MSMEs. There are several Govt. loan and insurance
schemes which can be claimed by MSMEs for financial support.
Under the Chairmanship of Hon'ble Prime Minister Shri Narendra Modi, the
Ministry of Micro, Small and Medium Enterprises (MSME) implements various
programmes/ MSME schemes for the development and promotion of MSMEs
across the country.
Moreover, the Government of India has been really proactive to ensure that
all the benefit of these MSME schemes reaches to the MSMEs in time. To
provide immediate relief to the MSME sector, various announcements (in
addition to the various MSME schemes) have been made under the
Atmanirbhar Bharat Package. The most important ones included:
• INR 3 lakh crore collateral-free automatic loans for MSMEs to buy raw
12
And also, there are various schemes of Indian Government, which a MSME can
avail according to its requirement or business activity:
1) Prime Minister Employment Generation Programme (PMEGP)
2) Credit Guarantee Trust Fund for Micro and Small Enterprises (CGTMSE)
13
Fig: Structure of the OECD/INFE framework
14
• assessment frameworks for measuring the financial literacy of MSMEs
and for use in programme evaluation.
15
INTRODUCTION TO PROJECT
Project Objectives:
16
CHAPTER 3
METHODOLOGY
17
QUESTIONNAIRE
These are the snapshots of the questionnaire designed in Excel for taking
responses by MSMEs.
18
19
20
21
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CHAPTER 4
DATA ANALYSIS AND INTERPRETATION
LOCATION : Jahu
This shop was started in 1994. It is registered in patrol. This shop belongs to
only one person.
Its annual return is above 5 lakh and up to 10 lakh.
In covid-19, their business has been affected by which their annual turnover
has gone up. still in their business not close. It uses both current and savings
accounts.His personal account and business account are separate. It keeps
your financial records online.
23
24
4.2 PAWNA TRADING CO.
We all have a General Stores from where we purchase our everyday household
items. These stores cater to all our requirements from toothpaste to cleaning
products. As most of the stores have tie up with FMCG distributors, they have
all the most demanded products from some renowned brands. You can even
start your monthly cycle of milk, eggs, and bread here so that you have to pay
once in every month for the everyday essential items.
25
PAWNA TRADING CO.
This shop was started in 1957. It is registered in GST. This shop belongs to only
one person.
Its annual return is above 1cr and up to 5cr.
Their business has been not affected by covid-19. still in their business not
close. It uses both current and savings accounts.His personal account and
business account are separate. It keeps your financial records online. 5 to 9
employees work in it. The one who answered the question is Male. His age is
36.
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4.3 ANAND ENTERPRISES
OWNER : Mr Praveen
LOCATION : Jahu
Anand Enterprises : This shop was started in 1993. It is registered in GST. This
shop belongs to only one person.
Its annual return is above 30 lakh and up to 1cr
Their business has been affected by covid-19. still in their business not close. It
uses both current and savings accounts.His personal account and business
account are separate. It keeps your financial records online. 2 to 4 employees
work in it. The one who answered the question is Male. His age is 43. it has
insurance. has taken a loan from the bank.
28
29
CHAPTER 5
Suggestion and Recommendations of study
For this project, I interviewed 3 MSME organisations and made them fill the
questionnaire form. The responses were analysed to calculate their financial
literacy scores which are provided in chapter 8 above. Apart from the
questions required for calculation of financial literacy, there were some
other questions in the questionnaire which were analysed to get an idea
about the effect of Covid-19 on these organisations and their daily business
activities.
Overall, from the financial literacy scores calculated above and responses to
other important questions, some conclusions can be made:
1) The financial behaviour and attitude scores of all the respondents were
very high. All of them got maximum possible scores for financial
attitude as per the analysis. This signifies that all of them are serious
for their business and that is reflected in their attitude and behaviour.
If they are exposed to good opportunities, these business persons
through their leadership can take their respective businesses to great
heights.
2) 2 respondents scored low for financial knowledge. They need more
30
4) Although the financial awareness of respondents was good, but none
account in a physical branch. The main reason for this was the
reliability issues on opening the account with the bank which is not
having any physical existence. Initially, government should have to
take steps with regards to this to develop trust in digital banks.
7) This was a fact that Covid pandemic severely hit the MSME sector. But,
then also none of my respondents applied for a new loan.
Alternatively, some of them stopped their business functions for some
days and some delayed their payments but financial help was not taken
from any financing companies. This is because most of the owners
stated that the application procedure was too complex to apply for a
loan. So, this sector needs to be educated about the Udyamimitra
portal which I had mentioned in the literature survey to get easy
financing.
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6. REFERENCES
https://cleartax.in/s/msme-loan-scheme-2020
https://www.investindia.gov.in/schemes-msmes-india http://www.ficci-
cmsme.in/insurance.html https://www.ibef.org/industry/msme-presentation
https://economictimes.indiatimes.com/small-biz/sme-sector/mostbelieve-
revival-of-msme-sector-can-boost-rural-
employmentreport/articleshow/86337214.cms
OECD/INFE CORE COMPETENCIES FRAMEWORK
LITERACY FOR MSMES © OECD 2018
BANKABILITY KIT FOR MSE ENTREPRENEURS: SIDBI
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