International MSME Day 2020

CHANDIGARH–Entrepreneurship Development Cell (EDC) of Regional Centre
for Entrepreneurship Development (RCED) and Tech Mahindra Foundation’s
SMART-T Centre, Mohali organized a webinar on 27th June 2020 on the
the occasion of International MSME Day 2020.Paramjit Singh, Founder &
Director of RCED shared his knowledge about the Role of MSME in making
Make in India Successful and about the Government Schemes and
The program started off well with more than 200 participants from
across India registering by filling out the form on .
Paramjit Singh, who is an epitome of hard work, optimism and
success is a knowledge bank in this field. Prior to becoming a
successful entrepreneur, he was a banker by profession. He started his
organization RCED with a mission to help people especially the youth
of the nation, in starting their own business ventures and has been a
true resource person for more than 35 years in terms of motivating
people, generating awareness and making them avail these
In 1992, Paramjit Singh was declared best motivator of India in
helping & encouraging people to become an entrepreneur by Entrepreneurship
Development Institute of India and Industrial Development Bank of
India. Further, in 2016, Mr. Paramjit Singh bagged a National Award for
Best Entrepreneur in promoting Micro Enterprise under PMEGP by
Ministry of MSME, GOI and KVIC GOI, Award was presented by Sh.
Narendra Modi, Prime Minister at Ludhiana.
Singh stated that the MSME sector is one of the key sectors of the
Indian economy. Being the second biggest job creators, it contributes
significantly to the economy. The sector is the backbone of the
national economic structure and has provided preparedness to prevent
global economic shocks and adversities. He shared the statistics that
about 63.4 million units distributed throughout the nation, MSMEs
contribute around 6.11 percent of GDP and 24.63 percent of services.
They contribute about 40% of India’s total exports. The MSME sector is
by far the largest provider of jobs after the agriculture sector,
employing more than 120 million people, with 51.2% in rural areas. He
further addressed the participants by acquainting them with the new
definition of MSME from Rs. 25 Lakh to Rs. 1 Crore, its
accomplishments. Details of various Govt. schemes including PMEGP 1,
and Cluster Development of MSME and KVIC.
Great response and appreciation was received from the participants
from different demographics, professions and age group. Many youths
enthusiastically participated and enquired for further assistance.
More information can be obtained from .
By YS.Rana:

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