Jagran Badlav MSME Conclave's Lucknow edition concludes

Jagran New Media concluded the Lucknow edition of Jagran Badlav MSME Conclave 2023 on August 1, 2023, at The Centrum, Lucknow.

The event aimed to empower and support the MSME sector by providing them with insights, networking opportunities, actionable know-how, and resources to thrive in the ever-evolving business landscape of Uttar Pradesh.

Organized by Jagran.com, this 2nd edition in Lucknow addressed important discussions on how technology is a key enabler in MSMEs’ growth; driving women-owned enterprises; and swiftly fueling the MSME sector in Uttar Pradesh & helping small businesses be future-ready.

Yogi Adityanath, Chief Minister, Uttar Pradesh, said, “I am delighted to learn that Jagran New Media, the digital wing of Jagran Prakashan, organized Jagran Badlav MSME Conclave in Lucknow. MSME enterprises play a pivotal role in driving the economy, rapid industrial development, and employment generation in Uttar Pradesh. On account of this, the state government is determined to facilitate the further development of the MSMEs. Uttar Pradesh has immense potential for traditional enterprises, as exemplified by the successful implementation of the 'One District One Product' (ODOP) scheme that has garnered global recognition. The government is also committed to strengthening the industrial landscape of the state by balancing a blend of tradition and modernity. With various facilities, incentives & tools provided to entrepreneurs and investors, we’ve witnessed encouraging outcomes in the state's industrial development.”

Rakesh Sachan, Cabinet Minister, Department of MSME, Khadi, Village Industries, Sericulture & Textile, Government of Uttar Pradesh, said, “The MSME sector is swiftly evolving in the state of Uttar Pradesh and has been providing employment opportunities to a large workforce, acting as a cohesive force in the society. In the country with about 6.33 crore MSME enterprises, around 11 crore people are directly benefited with regard to employment opportunities. Moreover, Uttar Pradesh, being the largest state in the country, boasts the presence of about 96 lakh MSME enterprises which are the significant growth driver of the state’s GDP and the overall economy. As guided by the vision of Hon’ble Chief Minister Shri Yogi Adityanath and the expert opinions of the MSME industrialists, the MSME Department of the state will strive to make reforms that are feasible and rational with the overall objective of facilitating the growth of the sector.”

Durga Shanker Mishra, Chief Secretary, Uttar Pradesh, said, “The Jagran Badlav MSME conclave is a well-timed and opportune initiative as the progress being seen in Uttar Pradesh is phenomenal. Following the ‘Make in India’ path set by our Hon’ble Prime Minister, Uttar Pradesh is rapidly developing into a progressive state and the MSME sector has been playing a pivotal role in this progress. At this conclave, several important discussions ensued between various industry experts and stakeholders which are quite crucial with regard to policy making. At the Uttar Pradesh Global Investors Summit held this year, investment worth about INR 35 lakh crore was committed, and out of this, over Rs 1.6 crore was earmarked for the MSME sector. The ease of doing business in the state has made the business environment quite conducive in the state. I am appeased that the discussions held at the event covered crucial themes pertinent to the sector including financing, promotional activities, and research & development.”

Bharat Gupta, CEO, Jagran New Media, said, “In recent years, MSMEs have contributed 30% to the GDP & 40% to exports and will soon become the largest employment provider in India. However, one of the biggest challenges they face is the credit gap problem followed by new-age technology adoption which limits the sector to scale & sustain. Research shows that MSMEs receive a small share of credit from the current financial system, with more than 80% not receiving any financing, and struggling to even get a small loan. Open Credit Enablement Network (OCEN) can help in this regard by empowering MSMEs through Badlav or Change & its three pillars of Literacy, Advocacy, and Policy. This will equip them with actionable knowledge, innovation & a conducive environment of sustainability. At the heart of this initiative is our deep-rooted heritage in Hindi Heartland and we endeavour to channel this strength to uplift communities, foster entrepreneurship, and propel the economy towards a promising future.”

One of the highlights of the conclave was the keynote address by NSN Murty, Partner & Leader, Government & Public Services, Deloitte Consulting, on ‘MSME Development: Defining Strategies for MSME & Government Policies in India’. During the event, various panel discussions took place covering themes such as, ‘Technology, A Key Enabler Building

Competitiveness of MSMEs’, and ‘Fueling Entrepreneurial Spirit for Women in MSMEs’, and ‘Growth of MSMEs in Uttar Pradesh & Making Small Businesses Future Ready’. The panel sessions featured dignitaries including - Sourabh Pandey, CXO - Fulfillment & Experience, Meesho; Anandi Agarwal, Chairperson, Women Entrepreneur Cell, Indian Industries Association; and Chetan Dieo Bhalla, National Vice President, Indian Industries Association & others who shared their collective expertise and perspectives on empowering the MSMEs in Uttar Pradesh. The discussions were moderated by Geetu Moza, Consulting Editor, Jagran Business, and Nand Kumar Nair, Head (Content), Jagran Business.

The event was supported by the Government of Uttar Pradesh, Tally as the partner, Bigin by Zoho CRM as the CRM Partner, and Centrum, Lucknow, as the hospitality partner.

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