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Development of Micro Enterprises: Issues & Recommendations. at 2011 Global Summit of Women Growing Microenterprises into the Mainstream Economy Istanbul, Turkey: May 7, 2011. Presented by : Gyan Prakash Agarwal , Secretary General

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development of micro enterprises issues recommendations

Development of Micro Enterprises: Issues & Recommendations

at

2011 Global Summit of Women

Growing Microenterprises into the Mainstream Economy

Istanbul, Turkey: May 7, 2011

Presented by :

GyanPrakashAgarwal, Secretary General

World Association for Small and Medium Enterprises (WASME)

contents
Contents
  • Introduction
  • Role & Significance of Micro Enterprises (MEs)
  • Characteristics of MEs
  • Factors contributing to the growth of MEs
  • Development of MEs: Benefits
  • Major Constraints hindering MEs’ access to Productive Resources
  • Development of MEs: Recommendations
introduction
Introduction
  • Non-crop production economic activities
  • Whole range of productive activities including trading, services, and manufacturing
  • Defined by using different criteria: size of employment, level of income or asset size
  • Proliferation of MEs: (i) Gaps between the services available and needs of low income households; and (ii) Lack of formal and sustainable employment opportunities
  • Livelihood Enterprises and Growth-oriented Enterprises
  • Majority of MEs operating in informal sector
role significance of mes
Role & Significance of MEs
  • Comprise bulk of all enterprises
  • Contribute a significant share of employment and value-added to the economy
  • Help ensure a more equitable distribution of income
  • Dispense economic activities to the countryside
  • Poverty reduction and empowerment of women
  • A potent force in the war against poverty
characteristics of mes
Characteristics of MEs
  • Independent and largely family owned
  • Very limited geographic markets
  • Many MEs activities are seasonal
  • Most operate at their place of residence
  • Require very little productive resources – skill, labour, capital, equipment, assets
  • Employ low levels of skills and technology
  • Easy to engage in and exit from
factors contributing to the growth of mes
Factors contributing to the growth of MEs
  • Financing
  • Markets
  • Places of doing business
  • Equipment and other physical assets
  • Technology
  • Appropriate market information
  • Skills
  • Linkage to formal sector
development of mes benefits
Development of MEs: Benefits
  • Poverty reduction
  • Additional employment opportunities
  • Increase in collection of taxes
  • Increase in contributions to GDP
  • Enhancement in socio-economic status of poor
  • Inclusive growth of nation
  • Achieving Millennium Development Goals
major constraints hindering mes access to productive resources
Major Constraints hindering MEs’Access to Productive Resources
  • Lack of conducive policy environment
  • Lack of access to institutional credit
  • Lack of infrastructure
  • Imperfect market information
  • Lack of opportunities for skills development
  • Weak presence and reach of support institutions
development of mes recommendations
Development of MEs: Recommendations
  • Favourable policy environment
  • Overcome institutional obstacles to implementing effective MEs development programmes
  • Development Impact Objectives:Based on the distinction between Livelihood & growth-oriented micro enterprises
  • Priority Thrusts: New enterprises promotion, enterprise expansion and enterprise transformation
  • Critical Productive Resources: Access of MEs’ to critical productive resources such as financing, markets, premises and places for doing business, equipment and other physical assets, technology, skills, market information, business development services