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Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank, the European Union, the United Nations, and the World Trade Organization (WTO).
A micro-enterprise is generally defined as a small business employing nine people or fewer, and having a balance sheet or turnover less than a certain amount. The terms microenterprise and microbusiness have the same meaning, though traditionally when referring to a small business financed by microcredit the term microenterprise is often used. Similarly, when referring to a small, usually legal business that is not financed by microcredit, the term microbusiness is often used. Internationally, most microenterprises are family businesses employing one or two persons. Most microenterprise owners are primarily interested in earning a living to support themselves and their families. They only grow the business when something in their lives changes and they need to generate a larger income. According to information found on the Census.gov website, microenterprises make up 95% of the 28 million US companies tracked by the census.
The Federation of Indian Chambers of Commerce & Industry (FICCI) is a non-governmental trade association and advocacy group based in India. Established in 1927, on the advice of Mahatma Gandhi by Indian businessman G.D. Birla and Purshottamdas Thakurdas. It is the largest, oldest and the apex business organisation in India. It is a non-government, not-for-profit organisation. FICCI draws its membership from the corporate sector, both private and public, including SMEs and MNCs. The chamber has an indirect membership of over 250,000 companies from various regional chambers of commerce. It is involved in sector-specific business building, business promotion and networking. It is headquartered in the national capital New Delhi and has a presence in 12 states in India and 8 countries around the world.
Small Industries Development Bank of India (SIDBI) is the apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies in India. It is under the jurisdiction of Ministry of Finance, Government of India headquartered at Lucknow and having its offices all over the country. Its purpose is to provide refinance facilities to banks and financial institutions and engage in term lending and working capital finance to industries, and serves as the principal financial institution in the Micro, Small and Medium Enterprises (MSME) sector. SIDBI also coordinates the functions of institutions engaged in similar activities. It was established on 2 April 1990, through an Act of Parliament. SIDBI is one of the four All India Financial Institutions regulated and supervised by the Reserve Bank of India; other three are India Exim Bank, NABARD and NHB. But recently NHB came under government control by taking more than 51% stake. They play a statutory role in the financial markets through credit extension and refinancing operation activities and cater to the long-term financing needs of the industrial sector.
The Coalfields Regeneration Trust is a registered charity that works across the former Coalfield communities of England, Wales and Scotland. The Charity was founded in 1999. The Coalfields Regeneration Trust receives funding from the Department of Communities and Local Government for their work in English communities, The Welsh Government for their Welsh activities and the Scottish Government to cover their Scottish work. The Trust runs a number of initiatives and activities that make things happen at a community level in Coalfield areas. Each Country sets its own strategic objectives in line with local priorities.
The Ministry of Micro, Small and Medium Enterprises, a branch of the Government of India, is the apex executive body for the formulation and administration of rules, regulations and laws relating to micro, small and medium enterprises in India. The Minister of Micro, Small and Medium Enterprises is Narayan Rane.
Kakani is a Gaunpalika and former village development committee in Nuwakot District in Bagmati Province of central Nepal. At the time of the 1991 Nepal census, the Kakani village development committee administered a population of 7816 living in 1343 individual households.
Self Help Africa is an international charity that promotes and implements long-term rural development projects in Africa. Self Help Africa merged with Gorta in July 2014, and the group of companies operates under the Self Help name.
Swisscontact – Swiss Foundation for Technical Cooperation is a Swiss non-profit-organisation, which carries out projects aiming at reducing poverty in developing and transition countries by private sector development. It has been founded in 1959 as a politically and denominationally neutral organisation and has 60 employees in Switzerland and approximately 1,400 staff abroad. The main fields of activity are fostering skills development, small and medium enterprises, financial services and resource efficiency.
African Aurora Business Network, abbreviated as AABN, is an enterprise development Non-governmental Organization headquartered in Accra, Ghana. The organization assists micro and small scale enterprises (MSEs) and its environment through partnerships, capacity building, creative products and advisory services.
The Aga Khan Rural Support Programme (AKRSP) is a private, non profit organization, established by the Aga Khan Foundation in 1982 to help improve the quality of life of the villagers of Gilgit-Baltistan and Chitral. It is a Non Governmental Organization which is part of the Rural Support Programmes Network in Pakistan.
The Nepalese Ministry of Minister of Industry, Commerce and Supplies is a governmental body of Nepal to monitor and manage industries of the country.
Deen Dayal Antyodaya Yojana or DAY is one of the Government of India scheme for helping the poor by providing skill training. It replaces Aajeevika. The Government of India has provisioned ₹500 crore (US$66 million) for the scheme. The objective of the scheme is to train 0.5 million people in urban areas per annum from 2016. In rural areas the objective is to train 1 million people by 2017. Further, in urban areas, services like SHG promotion, training centres, vendors markets, and permanent shelters for homeless. The aim of the scheme is skill development of both rural and urban India as per requisite international standards.
The Uganda National Entrepreneurship Development Institute (UNEDI) is a privately owned national resource development institution in Uganda whose focus area is entrepreneurship education, training and research. The institute provides training techniques, faculty support, consultancy, research as well as teaching and development of entrepreneurship training materials.
Dr. Sailendra Narain is a development finance specialist born in Nawadah, Bihar Province, India. For over 40 years, Narain has been a pioneer in developing the global SME sector. His specialities include: designing policy frameworks for SME Growth, establishing SME financing programs in banking and development financial institutions, and capacity building for SMEs with a focus on Entrepreneurship.
Anthony Charles Robinson is a business speaker, author and micro-enterprise campaigner.
Bank of Industry Limited is the oldest and largest Development Finance Institution (DFI) currently operating in Nigeria. It is owned by the Ministry of Finance Incorporated (MOFI) Nigeria (94.80%), the Central Bank of Nigeria (CBN) (5.19%) and private shareholders (0.01%). The bank has 11 members on its board and it is chaired by Aliyu Abdulrahman Dikko.
The Ministry of SMEs and Startups is a ministry of the Republic of Korea, established in July 2017 by the Moon Jae-in government. It succeeds the former Small and Medium Business Administration. The headquarters are located in Seo-gu, Daejeon. As of February 2021, Kwon Chil-seung, a member of the National Assembly and Democratic Party, has been appointed as the South Korean Minister of SMEs and Startups.
National Institute for Micro, Small and Medium Enterprises (ni-msme) is a national institute aimed to foster the progress of micro, small and medium enterprises in India under Ministry of Micro, Small and Medium Enterprises. NI-MSME is registered in Hyderabad, Telangana, under Public Societies Registration Act I of 1350 Fasli with effect from 1 July 1962. The affairs of the Society are managed, administered, directed and controlled through Governing Council constituted by the Government of India as per Rule 22(a & b) of Rules and Regulations of the Society. The Society, as provided under Rule 3 of Rules and Regulations, was constituted by the Government of India. The Institute has been working in the areas of capacity building, research, skill upgradation, job enrichment training in the field of Entrepreneurship and Skill including the development of women pursuing small trades at the cottage industry level from an Incubation centre at NI-MSME.
The Ghana Enterprises Agency (GEA) (formerly National Board for Small-Scale Industries is a government agency under the Ministry of Trade and Industry. The GEA is mandated by the Ghana Enterprises Agency Act, 2020 to
References
- ↑ "Micro-Enterprise Development Programme". medep.org.np. Archived from the original on 2012-04-24.
- ↑ "[Closed] Micro-Enterprise Development Programme | UNDP in Nepal".
