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SME- Empowering India Awards

Small and Medium Enterprises play a vital role for the growth of Indian economy by contributing 45% of the industrial output, 40% of exports, 42 million in employment and create one million jobs every year. SME complement large industries as ancillary units and contribute enormously to the socioeconomic development of the country. SME manufacture more than 8,000 products ranging from traditional to high tech items.

SMEs have always been the backbone of an economy in general and secondary sector in particular. For a capital scarce developing country like India, SMEs are considered as panacea for several economic woes like unemployment, poverty, income inequalities and regional imbalances.

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OBJECTIVE

With an objective of acknowledging the inestimable contributions by SMEs to various sectors of economy- “SME- Empowering India Awards” has been constituted. This award scheme seeks to recognize the contribution of such SMEs who through their achievements and growth have empowered the nation.

As the world is getting smaller, competition is getting tougher but opportunities are getting bigger. SMEs are utilising latest technologies and systems to grow their companies, increase exports and reach new heights in terms of customer service.

This Award scheme is intended to promote, encourage and recognize the efforts of those SMEs who from a modest beginning have now become a brand name in their respective business vertical. Their success, expansion and sustainable growth rate is an example to other Small Medium Entrepreneurs who want to grow and expand their business dream.








MECHANISM

“SME- Empowering India Awards” endeavors to recognize excellence in Indian SME sector by executing a very standardized and rigorous methodology. Applications from firms/ companies would be sought in response to a questionnaire based on quantitative and qualitative aspects of businesses. Applications received would be evaluated by an independent panel of eminent industry experts. Review of this evaluation and decision on final awards would be made by the constituted Jury Panel.

  • Expert Committee will select top 3 contestants in each category
  • These 3 top nominees will be called for presentation in front of JURY.
  • The JURY will select one winner in each category
  • The decision of the jury will be final in all respects.
  • The Jury will also have the right to visit participating industrial unit or invite them to Delhi for verification of data, if it so desires.





Jury COMMITTEE

Mr. Arun Goyal

Former Secretary

Govt. of India

Mr. Anil Srivastava

Director General - DMEO & Principal Adviser

NITI Aayog

Dr. Charan Singh

Former RBI Chair Professor

IIM Bangalore

Mr. Atul Sobti

Former CMD

BHEL

Mr. R. N. Mukhija

Former President & Board Member

Larsen & Toubro Limited

Mr. Gopal Subramanyam

Ex - CEO

L&T-KOMATSU

Prof. Ranjan Das

Former Professor of Strategic Management

IIM-Calcutta

Mr. R. K. Tyagi

Former CMD

HAL

Mr. I. V. Rao

Former - Managing Executive Officer

Maruti Suzuki

Mr. Manish Pant

Executive Vice-President

Schneider Electric

Mr. Sanjay Banga

President

Tata Power

Mr. Ajay Narayan Deshpande

Former CMD

EIL




Award CATEGORIES








ELIGIBILITY CRITERIA

  • To participate in this award scheme the organization should be a legal entity engaged in an economic activity.
  • It should have at least one registration number from the following: (1) Micro, Small & Medium Enterprises (MSME) Registration Number (2) National Small Industries Corporation (NSIC) Registration Number (3) GSTIN Registration Number (4) Udyog Aadhar (5) Industrial Entrepreneurship Memorandum (IEM) Number
  • The organization should have audited financial statements for the past 3 years.
  • Nomination form must be submitted before 31st August'2020.
  • Micro, Small, Medium & Mid-Corporate Enterprises are defined as follows:
    • 1. Micro Category – A micro enterprise is defined as a unit where the annual turnover does not exceed Rs 5 crores;
    • 2. Small Category – A small enterprise is defined as a unit where the annual turnover is more than Rs 5 crore but does not exceed Rs 75 crore;
    • 3. Medium Category – A medium enterprise is defined as a unit where the annual turnover is more than Rs 75 crore rupees but does not exceed Rs 250 crore.
    • 4. Mid-Corporate Segment - Annual turnover between Rs. 250 – 500 crore.







METHODOLOGY

  • The performance of each of the participating companies for the reference year (the latest year 2019-2020) called ‘Current Value’ will be adjudged in relation to the average performance for the last two years called ‘Average Base Value’.
  • The formula used for normalization is given below:
    NORMALISED VALUE = (Actual Value- Minimum Value) / (Maximum Value- Minimum Value)
  • Score for a Factor= NORMALISED VALUE X WEIGHTAGE
  • The ratio of Quantitative & Qualitative Factors is kept 50:50 and the weightage ratio of 50:50 between Growth and Level of performance under Quantitative Factors.
  • Each company would be graded on a scale between 0.0 to 1.0 i.e. the best performing unit gets a grade of 1.0 and the least performing industrial unit gets a grade of 0.0 while the rest of the participants get a grade between the two limits.







HOW TO APPLY

  • Organization can submit its application in the prescribed ‘Application Proforma’ online.
  • Click here to apply online.
  • The nomination form needs to be submitted by owner in case of proprietorship firm, by partner for partnership firm and in case of company MD, Director, CEO, COO, CFO, President, Vice-President etc. should submit the form.
  • Attachments (Specific backup information) may be of verifiable nature (documented records like annual report, Presentation, Video footage etc.) as relevant to the query
  • Nomination Fee:
  • Micro category- Rs. 10,000/- (Ten Thousand Only)

    Small Category- Rs. 12,500/- (Twelve Thousand Five Hundred Only)

    Medium Category- Rs. 15,000/- (Fifteen Thousand Only)

    Mid-Corporate Segment - Rs. 20,000/- (Twenty Thousand On)

    Note: Nomination Fee mentioned above is for single nomination. GST would be charged extra @ 18%.


  • If you have any query about the application form, please contact Ms. Samiksha Sharma (M)+91- 8527715166/7836072876 or email us at info@smeawardsindia.com