Small and Medium Enterprises (SMEs) are the core of every economy and the growth driver of all emerging economies. The Government of India has established an extensive, vital credit program for SMEs. However, in addition to credit, SMEs need to understand the best strategies and operational best practices to address challenges with customers, broken supply chains, and disrupted internal processes, including cash management and employee retention. The Wadhwani Sahayata initiative will help distressed SMEs affected by the COVID-19 led economic crisis and assist the public health workers to improve their COVID-19 related knowledge and skills.
”COVID-19 has created both a health and an economic crisis that is especially harming SMEs and jobs. Without proper credit and consulting support, the short- and long-term damage to the SME sector will be enormous. The Foundation’s large investment in ‘Sahayata’ supplements the government’s massive stimulus package by providing 10,000 SME’s with consulting services that will help them survive, stabilize, and ultimately grow into successful businesses and help save or create 100,000 jobs. All of the Foundation’s own consultants, existing and new content, and technology will be provided pro bono to SMEs.Padma Shri Dr. Romesh WadhwaniFounder and Chairman, Wadhwani Foundation