Selection Criteria for SMEs (Entrepreneurs and Enterprises)

  • ►   Nominations will be shortlisted according to the criteria and terms
  • ►   Profile of applicant and company
  • ►   Sustainable growth and better profitability for the past 3 years in the competitive era
  • ►   Better Business Management & financial practices, business ethics & good governance
  • ►   First Generation Entrepreneur or efforts for the growth of family managed business
  • ►   Supporting documents & audited financial information
  • ►   Quality Assurance and Quality Productivity / Services
  • ►   Innovations, Inventions & commercialization
  • ►   Valuation of the Company (Please attach valuation certificate from CA)
  • ►   Performance based evaluation
  • ►   Technology developed or adoption of advanced Technology for quality productivity
  • ►   Research, Development and product designed or developed
  • ►   Global footprint (operation and business activity)
  • ►   Future plans for business expansion, diversification and transformation
  • ►   International co-operation with foreign companies for JV, contract manufacturing, technology transfer, technical alliance, adaption of know-how, international trade and strategic partnership
  • ►   Utilisation of unique concepts and ideas for business growth and expansion.
  • ►   Unique Marketing, Promotion and Branding Strategies for enhancement of business reach
  • ►   People Management, growth rate upon Employment and Responsibilities towards welfare of employees
  • ►   International Standard Certificates
  • ►   Advantages obtained from Governments various schemes, policies and incentives
  • ►   Social commitment or contribution towards the growth of Young & Women Entrepreneurs and Start-ups (mentoring, guidance, internship and providing handholding for Business growth and converting their ideas into commercial venture)
  • ►   Government compliances formalities related to business activities
  • ►   Unique strategies to survive in the competitive market in India and global market
  • ►   Export Performance (direct or indirect)
  • ►   Quality and competitive productivity for local market to substitute imports
  • ►   Awards conferred and recognition in the last 3 years from similar organisations and Government agencies

Selection Criteria for Corporate, MNCs, Banks, NBFCs, Insurance, PSUs, Education and other Institutions and organisations:

  • ►   Unique efforts for the growth / empowerment of SMEs and Start-Ups
  • ►   Promotional activities for the benefit of SMEs, Start-Ups and Young & Women Entrepreneurs
  • ►   Exclusive and unique affordable product and services for SME Sector
  • ►   Buying product and services from SMEs and support for procurement and supply chain management
  • ►   Strengthening SMEs to compete with foreign companies in India and Abroad
  • ►   Redressal of issues on time and handholding during crisis and critical situation
  • ►   Educational & awareness programs and various activities for imparting knowledge and skill development of SMEs and its workforce
  • ►   Supporting for quality & service improvement, product development, design, research, industrial automation, improvement of quality productivity
  • ►   Supporting SMEs for revival & rehabilitation of sick units, improvement of financial and Business Management Eco-system
  • ►   Unique activities for promotion of financial products in SME sectors (for NBFC, Banks and other Institutions)
  • ►   Support services to convert business ideas into profitable ventures