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    To help MSMEs scale, Prime Minister Narendra Modi launches technology platform ‘Champions’

    Synopsis

    The portal will aim to resolve the problems of MSMEs including those of finance, raw materials, labour, regulatory permissions, particularly those arising due to present-day Covid- induced difficult situation.

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    In addition to ICT tools including telephone, internet and video conference, the new system is enabled by AI, data analytics and machine learning.
    Prime Minister Narendra Modi today launched the technology platform ‘Champions’ which stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength.

    The ICT based system is aimed at making the smaller units big by solving their grievances, encouraging, supporting, helping and handholding.

    The portal, a "real one-stop-shop solution of MSME Ministry", is to help the MSMEs in the present-day situation and also to handhold them to become national and international champions, says a PIB release outlining the platform’s objectives.

    The portal will aim to resolve the problems of MSMEs including those of finance, raw materials, labour, regulatory permissions, particularly those arising due to present-day Covid- induced difficult situation.

    In addition to ICT tools including telephone, internet and video conference, the new system is enabled by Artificial Intelligence, data analytics and machine learning. It is also fully integrated on real-time basis with the Government's main grievances portal CPGRAMS and MSME Ministry’s own web based mechanisms, says the MSME ministry.

    The Economic Times

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