- MSMEs suffer from lack of funds. They are financially weak.
- They suffer from lack of managerial and other skills. They cannot employ highly paid officials.
- MSMEs always face tough competition from large businesses.
- They are not well equipped to make advantage of the latest technology and modern methods.
- There is only a little scope for division of labour and specialization.
- MSMEs cannot afford to spend large sums of money on research and experiments
- They cannot survive in times of adversity.
- They cannot secure cheap credit.
A grant of Rs.120000 per annum will be given to each club by the Department of Industries
& Commerce. A minimum of 10% is to be contributed by the institution. The funds can be utilized
preferably for the following purposes:
1) Entrepreneurship motivation of students.
2) Interaction of students with successful entrepreneurs/ investors / stakeholders etc.
3) Training programme on Industrial Project Preparation and Appraisal.
4) Training Programme on Project Appraisal and Entrepreneur Assessment.
5) Entrepreneurship Awareness Camps.
6) Camp on Entrepreneurial Adventures for Youth.
7) Conducting meaningful surveys related to entrepreneurial development.
8) Essential exposure visits.
