Selection Criteria for SMEs (Entrepreneurs and Enterprises)

  • ►   Nominations can be shortlisted according to the criteria and terms & conditions
  • ►   Supporting documents & audited financial information
  • ►   Profile of applicant and company
  • ►   Inception of the company or business activities (Education, Job experience or family business)
  • ►   Better Business Management Practices, Business Ethics & Good Governance
  • ►   Better Financial and Business Management Eco-System
  • ►   Profitability and sustainable growth
  • ►   First Generation Entrepreneur and efforts for growth of family managed business
  • ►   Quality Assurance and Quality Productivity / Services
  • ►   Innovations, Inventions & commercialization
  • ►   Valuation of the Company
  • ►   Technology developed or adoption of advanced Technology for quality productivity
  • ►   Research & Development and product design
  • ►   Global footprint and International co-operation with Foreign companies
  • ►   Utilisation of unique concepts and ideas for business growth and expansion
  • ►   Unique Marketing, Promotion and Branding Strategies for enhancement of business reach
  • ►   People Management and Responsibilities towards welfare of employees
  • ►   International Standard Certificates obtained
  • ►   Growth rate upon Employment and profitability
  • ►   Expansion and diversification plan
  • ►   Development of co-operation with customers and suppliers
  • ►   Utilization & benefits of Government policies and incentives & schemes
  • ►   Social commitment or contribution towards the growth of other SMEs or Young & Women Entrepreneurs and Start-ups by way of mentoring, guidance, internship and providing hand holding for Business growth and assignments)
  • ►   Performance based evaluation
  • ►   Achievements & other Awards obtained in the last 3 years
  • ►   Unique survival strategies to face Challenges & problems in the last 3 years
  • ►   Export Performance (direct or indirect)
  • ►   Quality and competitive productivity to substitute imports
  • ►   Sustainability and survival in the competitive market

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

  • ►   Putting efforts for the growth of SMEs and Start-ups
  • ►   Promotional activities for growth and development of SMEs, Start-ups and Young & Women Entrepreneurs
  • ►   Exclusive supporting & affordable products and services for SME Sector
  • ►   Supporting SMEs to enhance procurement and supply
  • ►   Strengthening SMEs to compete with foreign companies in India and Abroad
  • ►   Redressal of issues on time and handholding during crises and critical situation
  • ►   Vendor development activities to avail procurement from SMEs
  • ►   Educational & awareness programs and various activities for imparting knowledge and skill development of SMEs and it workforce
  • ►   Exclusive support for women and young entrepreneurs
  • ►   Supporting for product development, design, research, industrial automation, improvement of quality services and 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

Evaluation Criteria

►   A selection committee comprising of experts from various fields and will review the nomination forms according to the criteria, supporting documents, achievements, role of applicants for sustainable growth & profitability. The selection committee will recommend the nomination for final approval of the management committee of the Chamber.