Page 11 - MSME BULLETIN 2022 .indd

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MSME & START-UP BULLETIN, VOLUME 1, ISSUE 1, AUGUST 2022
M MSME & ST
MS ME & S TA RT -UP BULLETIN, V OLUME 1, ISSUE 1, AUGUST 2022
be best applied by the CMAs which would on Registration Process to Restructuring of
help the MSME to prosper for future. When Loans availed from the Financial Institutions
companies talk about cost management, including important areas like TReDs, Listing
their focus typically is on slashing their with NSE, Global Tender System, Business
current expenses. But in today’s digital era, Continuity Plan, MSMEs Strategy for
cost management has taken on a new hue. It survivability etc. This comprehensive book
provides a strategic lever to generate savings had been widely accepted by the banking
that can be invested in driving growth. and MSME fraternity.
Using cost management as a strategic lever,
as opposed to a defensive response, opens The Institute felt need of having a dedicated
task force on MSME & Start-ups with the
up new opportunities. CMAs are experts in

both financial and non-financial information. objective of extending support for improved
performance management of MSME
They can make use of relevant fi nancial
through various management accounting
information from the statutory fi nancial
accounting records and at the same time techniques and tools. MSME help desk
have been set up in various Chapters of the

collect non-financial information and can
work towards improvement of performance Institute across India to assist them with
various services voluntarily.

with increased profits benefitting the entire
organisation. To spread the awareness of various schemes
in MSME, The Institute of Cost Accountants
In view of the significance of the MSME

of India has dedicated the month of April as
sector in the Indian economy the Banking,
Financial Services and Insurance (BFSI) MSME month in the year 2020. Since then
the Institute has been organising series of
Board of the Institute of Cost Accountants
Webinars at National & International level.
of India felt it necessary to help the MSME
during the period of Covid19 pandemic. With warm regards wish you all a Successful
The Task Force on MSME & Start-up entrepreneurial Year ahead.
conducted survey amongst the members
of our Institute and based on the feedback
of esteemed members, we submitted
suggestions for rejuvenation of MSME
Sectors post COVID-19 to the MSME Ministry,
Government of India including extension of CMA Chittaranjan Chattopadhyay
Chairman
rehabilitation measures. And it is a matter of
encouragement and satisfaction that many Task Force on MSME & Start-up
of the suggestions were endorsed by the The Institute of Cost Accountants of India
Government in various forms.
The Institute of Cost Accountants of India
has brought out a comprehensive Hand Book
on MSME titled Aide Memorie on Lending
to Micro Small & Medium Enterprises Sector
(including Restructuring of MSME Credit)
which covers every aspects of MSME Start
Ups and also for the existing Units. It delves
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The Institute of Cost Accountants of Indiaa 11
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