The government also recognises FISME as the progressive face of Indian MSMEs. Federation of Indian Micro & Small and Medium Enterprises (FISME), though established in the year 1995, traces its origin to 1967 when the National Alliance of Young Entrepreneurs (NAYE) was established to promote small industries. In the pre – liberalized era (prior to 1991), the agenda of an interventionist and highly
protectionist India was adequately met by NAYE. However, post liberalization (after 1991), India needed to adopt a different approach for the promotion of Small and Medium Enterprises (SME). Subsequently, in the year 1995, NAYE along with eight state level associations formed FISME to lead SME in the refurbished economic environment. The national and global changes in the post liberalized era have shaped FISME’s twin objectives of:
1. Promoting entrepreneurship and facilitating the creation of a competitive environment in the country
2. Improving the market access for Indian Micro & Small and Medium Enterprises (MSME’s) in India and abroad. FISME is the progressive face of Indian MSMEs and is regarded as such by Government of India. FISME is a member of National MSME Board formed under MSME Act 2006. FISME is well represented in and consulted by SME policy making set-up of the country and also works in close cooperation with major multilateral and bilateral bodies in India such as UNIDO, ILO, UNCTAD, DFID, GTZ etc.
