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 the top 3 nominees 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.
Those applicants who qualify for the Jury Round will receive 'CERTIFICATE OF MERIT' from the Chairperson of the Jury Committee.
All participants will receive 'CERTIFICATE OF APPRECIATION' by the Jury Committee.

Jury COMMITTEE

Mr. Mahaveer Singhvi

Joint Secretary- Ministry of External Affairs

Govt. of India

Mr. Arup Roy Choudhury

Former Principal Advisor-Infrastructure

Government of West Bengal

Mr. Atul Sobti

Former CMD

BHEL

Dr. Charan Singh

Former RBI Chair Professor

IIM Bangalore

Mr. R. K. Tyagi

Former CMD

HAL

Mr. R. N. Mukhija

Former President & Board Member

Larsen & Toubro Limited

Mr. Gopal Subramanyam

Ex - CEO

L&T-KOMATSU

Mr. Arun Kumar G

Professor

IIT, Madras

Mr. Pradeep Lenka

Former CEO

GMR, GVK & Aditya Birla Power

Dr. Sanjay Dhir

Associate Professor

Department of Management Studies, IIT-Delhi

Dr. Omkumar Krishnan

Associate Professor

IIM, Kozhikode

Mr. Chintan Shah

Former Director (Technical)

IREDA

Award CATEGORIES

The Prize under “SME- Empowering India Awards” will be given in each sector to three main categories Micro, Small and Medium. In each category, there would a single winner. Every winning company will receive a certificate along with an Award Trophy/Plaque. The jury has the right not to give any award to any sector/ category in case it considers that the participation in the contest is not satisfactory.

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 30th April'24.

- Micro Category - A micro enterprise is defined as a unit which has investments upto Rs 1 crore and turnover of less than Rs 5 crore.
- Small Category - A small enterprise is defined as a unit which has investments upto Rs 10 crore and turnover of less than Rs 50 crore.
- Medium Category – A medium enterprise is defined as a unit with investments up to Rs 50 crore & a turnover of less than Rs 250 crore.
- 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 2022-2023) 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. Yashika Bansal (M)+91- 8447071168/9990148350 or email us at smeawardsindia@gmail.com