B-schools/Universities who are accepting MAT scores for facilitating the admission to their MBA/Allied programmes are advised to verify the MAT score submitted by the candidates from 1. AIMA Website https://mat.aima.in/previous-results/ & https://mat.aima.in/may19/result_login 2. AIMA office through e-mail mat@aima.in

Industry Specific Initiatives

SME Knowledge Initiative

AIMA Skill Building Initiative for SMEs Workshop on “Management Skills to Source Financing & Management of Technology” 13th December 2008, Ludhiana
All India Management Association (AIMA) in collaboration with Ludhiana Management Association (LMA) organized a half-day workshop on “Management Skills to Source Financing & Management of Technology” on 13th December 2008 at Ludhiana.

Mr Satish Dhanda, Minister of State- Punjab, Vice Chairman & Medium Industry Development Board, Punjab was the Chief Guest and Inaugurated the Workshop.

During the Inaugural Session, Mr Anil Kumar President, LMA delivered the Welcome Address. He emphasized the importance and need of  Management Skills to Source Financing.

Dr J S Juneja, Chairman, SME Committee, AIMA delivered the Theme Address. He said “presently MSEs were facing problems like inadequate working capital, hurdles in the way of reaching to the Financial Institutions for getting credit, competition with MNCs and large scale Indian companies, frequent fluctuations in the prices of inputs and outputs in the market, lack of aggressive marketing methods and tools of competitive organisations and competent and qualified human resources, negative bureaucratic attitude and lack of incentive and initiative by most of the Governments “.

The Technical Session was chaired by Mr M C Munjal, MD, Hero Majestic Ltd. He emphasized the role and the contribution of SMEs to the economic growth. Other Speakers in the Session included Ms Inderjit Bakshi,Regional Manager, State Bank of India., who spelt out different Loan Schemes for SSI and SMEs, eligibility criteria for business entities and time frame for applying for loan. Mr A K Bansal Sr Manager SME, Punjab National Bank, outlined management of funds . Mr Shailesh  Waghmare, Sr Manager, Market Development  &  Product Support, Onicra Credit Rating Agency, highlighted about benefits of rating. Issues related to technologies were presented by Mr Rajesh , Sr Branch Manager, NSIC and  Mr R C Chopra, Director SSI, Ludhiana. Mr Ajit Lakra, MD, Surfine Knitters Ltd and Mr Jagdish Singhal,MD, Eastman Cast & Forge Ltd presented the Success Stories

The Session was followed by floor interaction. Dr J S Juneja summed up the proceedings of the workshop.

The workshop was well received by the participants.

AIMA Workshop on “Management Skills to Source Financing and Management of Technologies by SMEs“ Chandigarh, 22nd November 2008.

All India Management Association (AIMA) in collaboration with Chandigarh Management Association (CMA) organized a Half-day workshop on “Management Skills to Source Financing and Management of Technologies by SMEs” on 22nd November 2008 at Chandigarh.

Mr Ajit M. Sharan, IAS, Financial Commissioner & Principal Secretary to Govt. Haryana Finance & Planning Department, was the Chief Guest. He inaugurated the workshop and delivered the Inaugural Address. Mr Sharan said “SMEs by nature have inherent strength in terms of entrepreneurial skills but they lack management skills. Technical Education has to offer live projects rather than providing theoretical knowledge.”

Dr J S Juneja, Chairman AIMA SME Committee and Workshop Director presented the Theme Overview, and described in detail on every aspect relating withMSMEs. He said that presently MSMEs were facing problems like inadequate working capital, hurdles in the way of reaching to the Financial Institutions for getting credit, competition with MNCs and large scale Indian companies, frequent fluctuations in the prices of inputs and outputs in the market, lack of aggressive marketing methods and tools of competitive organisations and competentand qualified human resources, negative bureaucratic attitude and lack of incentive and initiative by most of the Governments. Dr Juneja informed about many upcoming sectors like Fashion Design, Entertainment, Food Processing, and Hospitality etc. where MSMEs can get maximum business opportunities.

The Technical Session was chaired by Mr Govind Pandey, Regional Head, HDFC Bank, who described various plans of his bank that offer finance for MSMEs. Participants raised very relevant questions, which were replied by Mr Pandey in a very satisfactory manner.

Other speakers in the session included Shri V K Sabharwal, DGM -SME, State Bank of India, who spelt out different Loan Schemes for SSI and SMEs, eligibility criteria for business entities and time frame for applying for loan. Mr Gaurav Adya, Business Development Manager, Onicra Credit Rating Agency, spoke about benefits of rating for raising finance; rating adds creditability to the status of the SSI unit. He explained the rating process of Onicra to the entrepreneurs. Technology issues were presented by Mr B.S.Bhatia, Asst. Gen Manager Project Unitech, State Bank of India, Mr J N Vohra, Advisor, Project Unitech, State Bank of India. Both of them highlighted success stories under “Project Uptech” leveraging technology.

At the end of the Technical Session, there was also a lively interactive session between the delegates and the speaker panel.

Dr.Juneja summed up the proceedings of the workshop clearly charting the road ahead for SMEs.

The workshop was well received by the participants.

Useful Links

Smera (www.smera.in)

Small & Medium Enterprises are spread all over the country and contributing very significantly to India’s Economic Development. Their contribution to industrial production, employment creation, exports, and for providing seedbed for enterprise development is well known. However, SMEs have been facing serious constraints and problems for their growth and development, more so in the context of globalization of the Indian economy. Although many SMEs have withstood the onslaught of competition to a very large extent. Several of them are closing down or are on the verge of closure due to intense competition and particularly due to liberalized import regime. Most of the SMEs need to improve their managerial skills and build their capacities to sustain & growth and be a part of the globalized Indian economy, otherwise they are being left out.
The Government of India has come out with the legislation to intensify its support to small enterprises and broad base their spread to include the medium enterprises and services sector apart from the micro enterprises. The parliament passed the bill and the MSMED Act 2006 came into effect from June 2006. Rules and Regulations by the Government of India have now been framed for its implementation and it has become operational w.e.f. 2nd October 2006. The concept of small enterprises has undergone a change as follows as per the act :

1. Enterprises in the Manufacturing Sector :

  • A micro enterprise, where the investment in plant and machinery does not exceed twenty-five lakh rupees;
  • A small enterprise, where the investment in plant and machinery is more than twenty-five lakh rupees but does not exceed five crore rupees; or
  • A medium enterprise, where the investment in plant and machinery is more than five crore rupees but does not exceed ten crore rupees;


2. in the case of the enterprises engaged in providing or rendering of Services -

  • A micro enterprise, where the investment in equipment does not exceed ten lakh rupees;
  • A small enterprise, where the investment in equipment is more than ten lakh rupees but does not exceed two crore rupees; or
  • A medium enterprise, where the investment in equipment is more than two crore rupees but does nor exceed five crore rupees.


AIMA has been providing inputs to SMEs in the past by organizing National Conventions, Round Table Conferences, recognizing excellence by SME Award and research.

Although SMEs require ample support in various management areas, this year, AIMA is organizing Workshops to hone the Management skills to source financing and technology as these are very much needed for the sustainability and growth of SMEs. The objective of the workshop is to bring awareness, knowledge and methodology how to manage accessing funds from the banks, in respect to term loans, working capital, bill discounting and for modernization of technology and up-gradation of their enterprises.