Nitin Gadkari launches bank of schemes, ideas, innovation on MSMEs

Micro, Small and Medium Enterprises, MSME Minister Nitin Gadkari yesterday launched bank of schemes, ideas, innovation and Research portal - http://ideas.msme.gov.in on MSMEs. The portal gives access to all schemes of Union, States and Union Territory Governments and has the provision for uploading ideas, innovations and researches in the sector.

It has unique features of not only crowd sourcing of ideas, but also evaluation and rating the ideas by crowd sourcing. It can also facilitate inflow of venture capital, and foreign collaboration. Besides, the portal will benefit the potential entrepreneurs as one stop compendium of ideas, innovation and research ready for commercialization.

Launching the portal through video



conferencing from Nagpur, Mr Gadkari said that this portal will prove to be of great transformational significance to economy in general and the MSMEs in particular. He also suggested that category-wise classification and analysis of information and the achievements which may be published so that others can learn and take lessons from successful experiences. He stressed upon the need for conversion of knowledge into wealth. The Minister also said that there is a need for greater work on Research, Technology, Innovation which can bring down cost and improve quality.

Minister of State for MSME  Pratap Chandra Sarangi said this portal will help the MSMEs in a big way through information sharing.