Summary of MSME Challenges and Solutions (Feb 2023 Discussion)

NoName of MSEMKey ProductsChallenges/ Weakness Potential Solution
1Nutri Food PackersDried Fruits, Vegetables1. Power Cuts and Scarcity of Fuel
2. Shortage of Working Capital 
3. Decline in Agricultural Productivity
4. Logistical Challenge for Export
1. Installation of Solar Panels
2. Soft Loans
3. Inccorating Step Cultivation
4. Government Policy Change
2Possible Green200+ Herbal Tea in the brand name “Lifetone”1. Marketing
2. Processing
3. Transportation
4. Legal Issues 
5. Packaging 
1. Identifying good suppliers
2. Machinery for Drying
3. Low Quantity Shipping Methods
4. EPF and ETF Registration 
5. Affordable Eco-Friendly Packaging
3Arasade Vinajakar Rice MillBoiled Rice from Red Raw RiceIncrease production and Storage CapacityElectric, Solar, Biomass Dryer
4Speedcode LabsWeb Development
Mobile App
IoT Solutions
SEO Solutions
1. How to get new customers for business 
2. How to expand Brand to other areas
3. How to Improve brand image, professional reputation and personal branding 
Partnership with complementary businesses
5J.M Antranees ProductsBenzoin resin (Sambrani) and Candles1. Building inadequate for production
2. Raw materials cost and Transport
3. Packaging Machines
1. Temporary Shed
2. Improve product value (Premium Product)
3. Soft Loan
6PNS EntrepreneurshipSweets related to Peanuts1. Financial Challenges
2. Machinery Requirements
3. Unavailability of opportunities in the local market
1. Soft Loan
2. Machines procurement
3. Diversification of Products and exports 
7,11SDD Coir IndustryRaw Coir fiber and fiber products
◉ Broom and brushes
◉ Carpets
◉ Door Mats
◉ Coir nets
◉ Floor Coverings
1. Electricity Bills
2. Transportation cost
3. Lack of Marketing
4. Inadequate machinery
1. Solar Panels
2. Low-Cost transport solutions
3. Create Website and Digital Marketing
4. Machines procurement
8Akkachi Food Products◉Rice Flour
◉Egg Nutri Flour
◉Turmeric Powder
◉Chili Powder
◉Roasted green gram split 
1. Transportation Issues
2. Low Shelf Life of the products
3. Capital Issues
4. Fluctuation of raw material prices
5. Wastage of Products
1. Low-Cost transport solutions
2. Maintain production conditions
3. Soft Loan
4. Direct purchase from Farmers
5. Waste as Feed for Livestock
9NaturewinsProduce cashews in the brand name Vanni Cashew1. The production rate is Low
2. Skilled Employees
3. Lack of Marketing
4. Power Consumption  
1. Machinery and Automation
2. Workers to operate Machines
3. Social Media and Digital Marketing
4. Solar Panels and Solar Drying 
10Lucky Star TailoringWomen Inner Wear1. Not enough working space
2. Capital Issues
1. Soft Loan
2. Co-working Space
12Sammal Palm and Craft Interior ProductsPalmyrah handcraft Products
◉ Basket
◉ Lunch Box
◉ Dust Bin
◉ Flower 
◉ Hand Bag
◉ Night Lamp
◉ Pen Holder
◉ Sewing Box
1. Marketing the Product
2. Transport
3. Sales Center
4. Difficulty in purchasing dye
1. Website and Digital Platform
2. Low Cost transport solutions
3. Website and Digital Platform
4. Use Natural dye
13Sempulam dry food products◉ Sun Dried Bitter Gourd
◉ 5+ Pickles
◉ 5+ Jams
◉ 5+ Drinks
1. Lack of Machine and tools for drying 
2. Prices of Raw materials
3. Investment 
4. Delivery Vehicles 
5. Marketing
1. Solar / Electric Dryer
2. Contracts with farmers for direct purchase
3. Investor or Soft Loan
4. Uber / Pickme delivery systems
14Farmo International Manufacture, Rebrand, Export of Chile powder, Oil and Palmyrah products1. Invested in Machines for scaling, thus financial constraint1. Trained and dedicated workers / entrepreneurs to run the business (University Students and Recent Graduates)
15Dayana Plastic RecyclingVehicle parts repairing, Children toys and god statues from plastic1. Struggling to get raw materials 
2. Financial issues to expand the industries
3. Lack of marketing and Advertising 
1. Get Raw materials from local and suppliers from other Countries 
2. Investors / Soft Loan
3. Website and Social Media
16Banu EnterprisesCoconut dust and Coir1. No own land and storage
2. Transpiration Challenges
3. Marketing and Advertising 
1. Investors and Soft Loan
2. Low-Cost transport solutions
3. Website and Social Media Marketing
17Kannahai ProductsDairy and Dried Products1. Investors and Soft Loan
2. Low Cost transport solutions
3. Website and Social Media Marketing
1. Certify the Products
2. Soft Loan
3. Website and Social Media Marketing
18K.S.T Industries Gingely OilTurmeric PowderCardamon1. Rising cost of Raw material
2. Lack of Sales
3. Less profit margin
4. No quality check up
5. No attractive Packing
6. Marketing and Advertising
1. Develop Procurement management System and Start local cultivation
2. Increase marketing and Sales strategies 
3. New customer segment and Products
4. Develop protocols for raw materials and end product testing
5. Sustainable Packing (Glass)
6. Website and Social Media marketing
19Kannan Products18 kind of Food and Sweets1. Fluctuation of prices or raw materials
2. Inadequate space for storage of raw materials 
1. Forecasting, Diversifying suppliers, negotiate contracts, look for substitutes, increase efficacy to reduce raw material 
2. Suggest proper layout for working space, Vertical Expansion
20Padmi Bag CollectionsLeather and cloth bags
◉ Hand Bag
◉ Purse
◉ Traveling bags
◉ File bags
1. Lack of Finance
2. Lack of Skilled Labor
3. Business not registered
4. Dryer
5. Oil Filter
1. Getting raw materials at a reasonable price
2. Machines and Power crisis
3. No Outlets
21Coconut Oil FarmCoconut Oil1. Lack of Finance
2. Lack of Skilled labor
3. Business not registered
4. Dryer
5. Oil Filter
1. Use local plant materials (Palm, Coconut, hemp)
2. Automation and Skilled Workers
3. Digital Marketing and Website