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Dear Readers,
The 30th of August is celebrated as the annual Small Industries (SSI) day in India with awards of recognition to outstanding performers in the sector. It is also time for annual stock taking as well as for gearing up for future challenges. More and more, there is a recognition of the fact that an innovative and integrated strategy involving the various stake holders is the need of the hour in the development of small industry. After all, the problems facing all SMEs are likely to be similar but the success of the SMEs depends on the efficiency and speed with which these issues are tackled. The platform of naturally evolved SME clusters, of which there are around 350 in India, offers a fertile ground for innovation and collective efficiency to face common challenges like availability of institutional credit, access to expert services for quality related solutions, technology upgradation or capacity to acquire larger market share at home and abroad.
We hope to bring to you actual case studies of how SMEs solved common problems through joint initiatives. In this issue we bring to you the case of the Mutual Credit Guarantee Fund Scheme, an innovative intervention which has made credit available for the grass-root level producers.
You suggestions are invited,
Anita Das
Editor
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