MSMEs not only generate employment, but they also support big industrial houses and other entities. Thus, it’s rightly said that the MSMEs are the backbone of industrial development in the country. In emerging economies like India, the MSME sector can account for up to 40% of the GDP. So, the importance of MSMEs in economic … Read more
The Ministry of Micro, Small, and Medium Enterprises (MSME Registration) runs a number of initiatives and plans for the country’s MSME sector’s growth. The government has implemented an investor-friendly policy to encourage foreign direct investment (FDI), with the exception of a few strategically important sectors/activities, all of which are open to 100% FDI under the … Read more
The Credit Guarantee Scheme for Startups has been formally announced by the Department for the Promotion of Industry and Internal Trade (DPIIT) (CGSS). Let us understand all the latest updates related to the latest credit guarantee scheme for startups through this article. What is the purpose of the Credit Guarantee Scheme for Startups? The purpose … Read more
The activities under Ease of Doing Business and Reducing Compliance Burden, which are intended to create a favorable business environment, are being led by the Department for Promotion of Industry and Internal Trade (DPIIT). These various initiatives are taken to boost the MSME Sector which are India’s major contributor to GDP growth and also provider … Read more
One of the biggest challenges that entrepreneurs face is gathering initial funding to initiate their business. Entrepreneurs hesitate and worry if they want to launch a business, and don’t have enough capital to invest in it. As a result, the Indian government has launched a beneficial scheme to boost the economy, employment and entrepreneurship in … Read more
MSMEs are among the most powerful forces driving economic growth, therefore it becomes necessary to improve their ecosystem. Therefore, the government of India has made a plan known as MSME Sustainable Certificate Scheme. This scheme offers several benefits to businesses having MSME Registration and also encourages them to grow more. Through this article, you will … Read more
In India, different types of relaxation have been provided to a number of organizations. The same goes for MSME Sector in India. Prior to launching a business, factory owners are required to register their facilities with local authorities under the 1948 Factory Act. A Factory License is an official government document granting permission to conduct … Read more
MSME Registration offers several benefits to every business entity. If you have a Proprietorship firm and want to avail several benefits from government or financial institutions, you must know about MSME Registration or Udyam Registration. In this article, you will understand MSME Registration for Proprietorship Firm. What is MSME? MSME stands for Micro, Small, and … Read more
Investors from all around the world are flocking to India, which has become a global hotspot for new businesses. Micro, small and medium businesses (MSMEs) have played a major role in India’s economic expansion. More than 40 percent of the nation’s GDP comes from the MSME sector, which is a major source of employment. In … Read more
The 2022 budget focuses on ‘digital and technology and areas including infrastructure, health, education, and the supply of e-services to the massive population. The Union Budget 2022-23 also brings several new updates for MSMEs. In this article, you will understand ECLGS Scheme for MSME Registration and other important updates in Union Budget 2022-23 for MSMEs. … Read more