The National Institute for Micro, Small, and Medium Enterprises (MSME), Hyderabad has entered into a memorandum of understanding with the well-known ASBM University, Bhubaneswar to launch an exclusive MBA programme in MSME Management. This is a unique programme first of its kind in India and will be offered from the academic session 2023-24.
The micro, small, and medium enterprises currently employ around 50 million people and account for about 8% of the country’s GDP, 45% of the manufacturing production, and 40% of the exports. The sector is growing by leaps and bounds and will play a prominent role in the development of the economy in the days to come. Such enterprises will have a huge requirement of management personnel to run these organisations. This new programme has been specially designed to meet that need by making trained human resources readily available to effectively manage the MSMEs. It also intends to promote entrepreneurship among the youth and create entrepreneurs.
The National Institute for MSME (ni-msme), an organisation of the Ministry of MSME, Govt. of India established, was established way back in 1962. It engages in training, research and consultancy related to the micro, small and medium enterprises. The Institute has developed itself as a centre of excellence and has earned distinction in entrepreneurship promotion with international recognition by the United Nations Industrial Development Organization (UNIDO).
ASBM University was originally established in 2006 as Asian School of Business Management to offer management programmes along with training, consultancy and MDP. It has earned distinction for its MBA programmes and has been awarded global accreditation by the Accreditation Council for Business Schools and Programs (ACBSP), USA for excellence in academic delivery. Impressed by its performance and its quality parameters, the Government of Odisha converted into a full-fledged university in 2019. The Business School of the University has been rated A +++ by Business India with 51st place in the country.
The collaboration between the apex national institute for MSME and a university known for its management programmes will pave the way for a quality MBA programme in MSME management. It has been designed and developed in line with the National Education Policy, 2020 (NEP, 2020). Any graduate with 55% marks with valid CAT, XAT, MAT or ASBMU Entrance Test score can apply for admission to this programme.
The students will study their first-year courses (2 semesters) at ASBM University in Bhubaneswar and the second year (2 more semesters) at ni-msme in Hyderabad. This will help them master professional competency through expert classroom exposure and professional hands-on experience. On successful completion of the programme, the students will be awarded MBA degree by ASBM University.
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