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International Journal of Trend in International Journal of Trend in Scientific Research and Development (IJTSRD)Research and Development (IJTSRD)
International Open Access JournalInternational Open Access Journal | www.ijtsrd.comwww.ijtsrd.com

ISSN No: 2456 ISSN No: 2456 - 6470 | Conference Issue – ICDEBIICDEBI-2018

INTERNATIONAL CONINTERNATIONAL CONFERENCE ON DIGITAL ECONOMY AND FERENCE ON DIGITAL ECONOMY AND

ITS IMPACT ON BUSINESS AND TS IMPACT ON BUSINESS AND INDUSTRYINDUSTRY

Organised By: V. P. Institute of Management Studies & Research, SangliOrganised By: V. P. Institute of Management Studies & Research, SangliOrganised By: V. P. Institute of Management Studies & Research, Sangli

Skill Development Skill Development for MSMES Advancementor MSMES Advancement

Dr. Prakash Ratanlal RodiyaDr. Prakash Ratanlal Rodiya
Assistant Professor, DepartmentDepartment of Commerce, Rajarshi Shahu Mahavidyalayaof Commerce, Rajarshi Shahu Mahavidyalaya Autonomous
Chandra Nagar, Chandra Nagar, Latur, Maharashtra

ABSTRACT
The present paper is an attempt to understand the The present paper is an attempt to understand the the perspective of any kind of potential business the perspective of any kind of potential business
significance of skill advancement for MSMEs. The significance of skill advancement for MSMEs. The actions. This is not only correct for foreign and Indian actions. This is not only correct for foreign and Indian
purpose of the paper to visualize and conceptualize purpose of the paper to visualize and conceptualize big industries; it is similarly true for small players as big industries; it is similarly true for small players as
the learning profile of lab our strength, segment wise strength, segment wise well. As it has been noticed that most of the well. As it has been noticed that most of the
presentation of skill advancement and list of key skills presentation of skill advancement and list of key skills manufacturing policy of India, has been payimanufacturing policy of India, has been paying
in require in various MSME. The data is composed in require in various MSME. The data is composed attention on advancement of heavy industries as it was attention on advancement of heavy industries as it was
from secondary sources and the paper will give a from secondary sources and the paper will give a based on the concept of trickledown theory; the based on the concept of trickledown theory; the
chance for new measurement in the area of MSME chance for new measurement in the area of MSME profits of the said industrial growth will enrich the profits of the said industrial growth will enrich the
investigation. Adequate skilled human resources are d human resources are lowest strata of the nation. But it not at all happens in lowest strata of the nation. But it not at all happens in
one of the key factors for the advancement of any one of the key factors for the advancement of any case of India. The end result is irregcase of India. The end result is irregular sharing of
segment. In case of Indian MSME segment, the segment. In case of Indian MSME segment, the national income and unequal financial advancement. national income and unequal financial advancement.
skilled resources are not up to the mark and this skilled resources are not up to the mark and this has Today, the segment has come under center area and Today, the segment has come under center area and
clearly affected the development of the segment in a clearly affected the development of the segment in a lots of initiatives are being implemented so that the lots of initiatives are being implemented so that the
adequate manner. The skill deficiency’siency’s are clearly an true settlement can be utilized correctly. Here, one true settlement can be utilized correctly. Here, one
issue and it desires particular attention. The segment issue and it desires particular attention. The segment thing that the policy makers musthing that the policy makers must appreciate that the
which has so much of possible in terms of which has so much of possible in terms of purpose must be long term and the same need to be purpose must be long term and the same need to be
employment creation but it has not able to execute in employment creation but it has not able to execute in allied with development forecast of the nation as well allied with development forecast of the nation as well
this regard as deficiency of skill manpower is a main this regard as deficiency of skill manpower is a main as the people living in that part of the nation where as the people living in that part of the nation where
issue. It is often said that India has the demographic India has the demographic MSME actions are taking place. As the segment MSME actions are taking place. As the segment
dividend and dissimilar other developed nation where dividend and dissimilar other developed nation where started rising interest among the various stakeholders the various stakeholders
dependence ratio is considerably Towering,Towering, in case of it also brings various issues which needs instant it also brings various issues which needs instant
India it is low. This major benefit must be altered into India it is low. This major benefit must be altered into attention so that the true profits can be achieved in a attention so that the true profits can be achieved in a
a skilled manpower so that the industry requires can a skilled manpower so that the industry requires can phased approach. It clear that even after marvelous phased approach. It clear that even after marvelous
be made. Today the difficulty is not related to ay the difficulty is not related to government initiatives the section is missing in some government initiatives the section is missing in some
deficiency of employment opportunities, it is deficiency of employment opportunities, it is aspects and these issues must be addressed for the issues must be addressed for the
essentially related to the problem of employability.essentially related to the problem of employability. e
even functioning of the segments. The broad issues as ven functioning of the segments. The broad issues as
t tinted by the special Prime Minister’s Task Force on inted by the special Prime Minister’s Task Force on
KEYWORD: MSME, Skill advancement, labour and MSME, Skill advancement, labour and MSME segments are listed underneath MSME segments are listed underneath
manpower.
L
Limited access to equity capital imited access to equity capital
INTRODUCTION Troubles in supply to government departmentsTroubles in supply to government departments
Formation of business environment is not a simple Formation of business environment is not a simple and agencies
task as the entire nation’s socio economic task as the entire nation’s socio economic Procurement of raw resources at a competitive Procurement of raw resources at a competitive
circumstances has a direct link with this. A nation is circumstances has a direct link with this. A nation is cost
investment welcoming provided the political, social, investment welcoming provided the political, social, Deficiency of availability of adequate and timely Deficiency of availability of adequate and timely
technological, legal surroundings are favorable from favorable from credit

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