MSME: Cliffhanging Entrepreneurs

Abstract

A few years back, our Hon’ble Prime Minister Mr. Narendra Modi had expressed in an interview taken by the Zee TV anchor that unemployed youth should not complain against lack of job or for regular earning rather they should go for preparing and selling ‘Pakoda’ (a sort of very popular traditional snacks). He had further added that the youth should become job ‘giver’ instead of job ‘seeker’. His words were taken bitterly by the elites and caustic articles appeared in English periodicals captioning ‘Pakodanomics’. Even when he urged the youth to become ‘toy maker’ or rearing ‘desi dogs’ his intends was to show easiest way to earn respectable livelihood. Evidently, the PM’s words were not taken in its spirit. In fact, he wanted to emphasize on old adage ‘something is better than nothing’. He was apt in saying that mere criticizing the Government or the system as such would kill their precious time, spirit and energy only and push them to frustration and depression. Of late, it was learnt that he had indicated, in his own way, towards establishing ‘MSME’ units for becoming ‘Atmanirbhar’ or self-reliant. It is generally accepted that an entrepreneurial ecosystem address three major aspects – Strength (favorable policy), Support (financial and technical), and Supervision (administrative). The biggest problem of entrepreneurial ecosystem is that it has to address more of social environment than the technical and financial environment. No number of researches, seminars, conferences technical studies, framing up of policies or for that matter mathematical modeling can ensure entrepreneurial temperament, initiative, development and sustenance in India. Because, entrepreneurship is a matter of practice – whatsoever big or small its size may be.