Water is a precious limited natural resource. However, the demand for water is increasing day by day due to urbanization, industrialization, increase in population and improvement in standard of living. Utilization of water is more due to its low cost. Now industries understand the significance of water conservation due to environmental regulations and various awareness programs run by the Government.
After taking into consideration the above facts various organizations are opting for the water audit. Water audit is the measure of impact the organization has on water resources. Water audit aims to determine the water consumption of an organization and amount of water lost from the distribution system. It helps in effective management of water resources with improved reliability. Hence, water audit is necessary for maximum utilization of water resources.
Water audit comes with a cost which is substantial to MSMEs considering the size and capital investment in business. As we know MSME sector is plagued by various challenges such as lack of proper guidance, lack of sound sources of finance etc. For any business to grow, it needs a lot of working capital, it needs funds and for this, it depends mainly on banks for credits, which has never been easy. Many are funded by family, friends, relatives, moneylenders or informal institutions which leads to high interest rates and abnormal conditions.
Confronted with capital limitation and liquidity problems, does it make sense to invest in an audit of water, which is available at low cost. For this, we need to look at the benefits of water audit as given below:
1. Reduce water losses;
2. Improve financial performance;
3. Reduce legal liability, and reduced disruption.;
4. Increase efficiency in the use of existing supplies;
5. Create Better safeguard to public health and property
Taking into account the benefits of water audit and to avoid wastage of natural resources, water audit makes sense.
At Lawmax Management Consultants Private Limited we understand your world and backed with our experience, expertise and knowledge we ensure reimbursement of 75% of cost of water audit and effectively you pay only 25% of the total cost.
We deal in various services for MSMEs especially. Please contact our team to understand how you can benefit from our service and from the new concept of credit rating.
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