The yearly study carried out on micro, small, and medium enterprises (MSMEs) revealed substantial advantages for those who embrace e-commerce platforms. MSME use digi wallet benefits a lot and let us understand the latest findings through this article. Digital Wallets and E-commerce Integration: Boosting MSME Prosperity in India A recent study by The India Council … Read more
The Ministry of Skill Development and Entrepreneurship has shifted its attention towards improving the viability and boosting the productivity of small, informal businesses. This is being achieved through the encouragement of skills training for micro, small, and medium enterprises (MSMEs) and the provision of customized courses to address the specific needs for skilled labor in … Read more
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