The Story of Indian MSMEs: Despair to Dawn of Hope (Hardcover)


The Story of Indian MSMEs: Despair to Dawn of Hope unfolds the journey of the Micro, Small and Medium Enterprises (MSME) sector, both in the policy front and implementation. Taking a distinct approach, the author emphatically states that people start enterprises and put their only dwelling house or other as collateral security, with the aim of earning profit and making a respectable living in society. This book particularly concentrates on the manufacturing micro and small enterprises and not the entire MSME sector.

This book gives a detailed picture of how MSMEs are defined both in India and other countries. It advocates for the twin criteria of turnover and employment with specific thresholds for two reasons. First, the turnover definition enables several unorganised enterprises in the sector to come into the fold of organised. Second, it paves the way for increased direct and indirect employment opportunities. Strength of the book lies in the case studies that unfold best practices that MSMEs can follow and the failures from which they can learn lessons. The book offers practical solutions to many issues confronting the policymakers, entrepreneurs and regulators.

Dr B. Yerram Raju is a distinguished banker-turned economist and management consultant with five and half decades of multisector experience (Agriculture, MSMEs, Banking—Commercial and Cooperative, Corporate Governance, teaching and training). He is currently the Adviser, Telangana Industrial Health Clinic Ltd, Government of Telangana. He was former Regional Director, PRMIA, Wilmington, De (Hyderabad Chapter) and also consultant on Cooperative Reforms in Banking and Cooperative Law.

Raju was with the State Bank of India for nearly three decades. He has taught in various prestigious academic institutions like LBSNAA, ASCI, IDRBT, NIRD etc. He was Expert Member of two RBI committees on SMEs (2005) and Cooperatives (2012). He was also Member of the Jury for the Asia Pacific Bankers' Congress at Manila in 2004, and 2005 on SME sector. He was a short-term consultant on World Bank, GTZ, FNF, UNIDO and UNDP.

A recipient of 'Sir S. Radhakrishnan Teacher of Teachers Award' from Siva Sivani Institute of Management, Raju has authored 15 books and more than 2,000 articles in leading national and international journals and reputed financial dailies in India.

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