champions-technology-platform-to-empower-msmes-summary

Context: The Prime Minister of India has launched the technology platform CHAMPIONS which stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength.

More on the news: 

  • As the name suggests, the portal is basically for making the smaller units big by solving their grievances, encouraging, supporting, helping and handholding.
  • It is a real one-stop-shop solution of MSME Ministry.
  •  This ICT based system is set up to help the MSMEs in present difficult situations and also to handhold them to become national and international champions. 

Detailed objectives of CHAMPIONS:

  1. Grievance Redressal: To resolve the problems of MSMEs including those of finance, raw materials, labor, regulatory permissions etc particularly in the Covid created difficult situation;
  2. To help them capture new opportunities:  Including manufacturing of medical equipments and accessories like PPEs, masks, etc and supply them in National and International markets;
  3. To identify and encourage the sparks:  That is the potential MSMEs who are able to withstand the current situation and can become national and international champions.

Source: https://pib.gov.in/PressReleasePage.aspx?PRID=1628317