Srinagar, July 11: For the purpose of building a flexible and development-oriented industrial ecosystem in Jammu and Kashmir, Chief Secretary, Atal Dulu, today launched the first MSME Health Clinic of J&K.
This leading initiative will face challenges faced by industrial units by facilitating the recommendations by the industry stakeholders and professionals of reputed management institutes.
Commissioner Secretary, I & C; MD, JKTPO; Director Industry, Jammu/Kashmir; Director Handicrafts, other senior officials of Kashmir/Jammu related departments.
Speaking at the launching ceremony, the Chief Secretary stated the health clinic as an important institutional mechanism, which was stated as an important institutional mechanism to diagnose industrial units and enable timely prevention. He underlined the need for optimal use of the convenience and ensured that the services being provided are objectives, data-operated and required.
The MSME region is the backbone of our local economy and it is necessary that we increase all the necessary support to units that are under stress. The health clinic should develop as a dynamic platform where distressed units can be evaluated clinically and supported with actionable treatment.
To make efficient and timely decisions, Dullloo called for a unified API integration from departments and institutions such as the Departments and Institutions like Electricity Development Department, Financial Institutions, Udyam Portal and Provident Fund Organization (EPFO) of Employees.
These integration, they emphasize, will provide real -time access to data that reflects the ground realities faced by MSME, which can lead to accurate diagnosis and timely intervention.
Speaking on the occasion, Commissioner Secretary, I & C, Vikramjit Singh said that the JKMHC portal is an innovative digital platform designed to provide comprehensive health monitoring and analytical insights for MSME throughout the region. The purpose of this initiative is to identify potential challenges, offer time intervention, and facilitate permanent growth of businesses, he said.
While throwing light at the main features embedded by the JKMHC portal, Director, Industry, Jammu, Arun Manhas revealed that MSMEs can easily register and log in to reach the portal characteristics.
He further stated that the portal integrates and analyzes significant data from various sources, including the wide MSME profile details, EPFO, GST, Power Demand and Udyam for financial information.
The same is going to provide a clear observation of the health status of MSME, classifies them as “stable,” recovering, “or” prone to sick “, depending on a refined weightage and scoring mechanism given to each indicator.
The portal also identifies correlation indicators for the potential crisis such as a decline in turnover, increase in outstanding debt, irregularities in GST filing, decline in profits, reduction in cash flow and delay in payment. This will suggest appropriate measures for its revival through handholding and mentarship dedicated after discussion with industry and knowledge partners.
In addition, IIM Jammu has been planted as a knowledge partner in this initiative, which will suggest the therapeutic measures to revive each unit based on their report cards along with the professionals of the industry.
Subsequently, the Department of Industries, through its district and divisional level offices, together with financial institutions, will offer these units back to the permanent development trajectory from time to time to provide support in the shape of the expected handholding and maintenance through its district and divisional level offices.