Page 47 - Banking Finance April 2021

ARTICLE

Y This will be a crucial step towards Self-Reliant India and In a major relief to address the grievances of MSMEs and
support Make in India. to handhold them in growing larger, PM Narendra Modi on
Y This will also help MSMEs to increase their business. June 1st 2020 launched a technology platform 'CHAMPIONS',
which will help in making the smaller units big by solving their
grievances, encouraging, supporting, helping and
Launch of 'CHAMPIONS' portal for MSME
handholding.
(champions.gov.in)
(Creation and Harmonious Application of Modern Processes CHAMPIONS will help to grow MSME under this difficult
for Increasing the Output and National Strength) situation with these objectives:-
i) Grievance Redressal: To resolve the issues of MSMEs
including problems of raw materials, labour, finance,
regulatory permissions etc particularly in the COVID
created a difficult situation.
ii) To help the MSMEs capture new opportunities including
manufacturing of medical equipments and accessories
like masks, PPEs etc and supply them in National and
International markets.
iii) To identify and encourage the sparks: i.e. the potential
MSMEs who are ready to withstand the present
situation and may become national and international
champions.

CHAMPIONS (champions.gov.in) - A single window solution for MSME

BANKING FINANCE | APRIL | 2021 | 47