Telangana’s MSMEs To Benefit From Japan-Aided Project And India’s Centre WEP

Telangana’s MSMEs are going to benefit a lot from the upcoming international and national initiatives. The small and micro sectors will receive support from more than 3 initiatives. The major ones are from JICA (Japan International Cooperation Agency) Limited and the Women Entrepreneurship Program (WEP). The programs will be initiated from 1 October. Let us find out more about Telangana’s MSMEs gains. MSMEs all over the country are improving and performing better. However, every state has its benefits and limitations for MSMEs.

Telangana’s MSMEs Are Going To Benefit From The Government’s Initiatives

Telangana’s MSMEs are going to benefit from the government’s initiatives. Japan-aided projects will benefit both startups and MSMEs. Although, it’s the startups that will get 80% of the benefit. While the 20% is for MSMEs. However, the MSMEs will still have financial and economic support. Industries and IT Sector industry Jayesh Ranjan told in the MSME summit that the opportunities will increase in entrepreneurship with these benefits.

The four major initiatives will work together for the IT industries’ MSMEs. The JICA scheme will fund Rs. 1,700 crore for entrepreneurship in the state. It will include skill learning for freshers, hand-holding, and several other supports. WEP (Women Entrepreneur Program) started NITI Aayog in 2017. Its major objective was Women’s entrepreneurship. It will help the MSMEs by providing a support hand to them.

MSMEs face a lot of challenges in maintaining their profitability. These small and micro enterprises face difficulty in receiving timely payments. Also, they face difficulty in receiving the credit. Women entrepreneurs will be in more benefit. It includes the formal and informal sector women. They are also getting support from the World Bank on the central level. It will contribute to Raising Accelerating MSME Performances. It is also known as RAMP.

The MSMEs that are having a good business will get further support from these schemes with hand holding. It will multiply their growth further. Japan Aided Project and WEP will be benefiting from 1 October. In conclusion, the Japan-aided project and the centre’s WEP will be the top support for MSMEs. Every state takes different initiatives for the MSMEs. Gujarat also has a favourable situation for the MSMEs. Thus, the MSMEs in the state are flourishing. Apart from Gujarat, Kerala also follows the list. We hope you get enough details about the Japan-aided project scheme and WEP benefits for MSME below. It carries the objective to support the potential MSMEs in the state. Stay tuned for more information on our website.