msme

Effitrac Solutions Partners with RazorpayX to Empower MSMEs

Effitrac Solutions Partners with RazorpayX to Empower MSMEs

The positive news for businesses having MSME Registration. The latest news is Effitrac Solutions Partners with RazorpayX. The motive behind this partnership is to empower the MSME sector of India. In this article, we will understand this news in detail. About Effitrac Effitrac is simple end-to-end business technology. It is a SaaS(Software as a Service) … Read more

FSME Seeks Centre’s Support to MSMEs

FSME Seeks Centre's Support to MSMEs

The FSME India requested Prime Minister Narendra Modi to provide a supplementary special package worth Rs. 5 lakh crore for the MSME sector’s revival as soon as possible. A variety of initiatives have been made to assist the companies having MSME Registration. However, because the Covid-19 crisis has ruined the market, there is a lot … Read more

MSME Borrowers Can Take loan up to Rs 2.5 Cr from Bank of Baroda-U GRO

MSME Borrowers Can Take loan up to Rs 2.5 Cr from Bank of Baroda-U GRO

While the coronavirus outbreak has brought attention to banks not lending money to small and medium-sized businesses across the country, the new credit guarantee plans, such as the Bank of Baroda’s Pratham Program, are expected to attract more lenders. In collaboration with U GRO Capital, a non-bank financier, the Bank of Baroda has launched the … Read more

Government committed to clear MSME dues within 45 days

Government committed to clear MSME dues within 45 days

For the last couple of days, union FM has been holding review meetings. Initially, to check the pending Micro, Small, and Medium Enterprises payments. Finance Minister Nirmala Sitharaman said, “I am personally monitoring and assisting in the case.” MSME registration portal is open to all MSMEs. In this article, we will discuss Government committed to … Read more

Relaxation in Accounting Rules for Small and Medium Companies in India

Relaxation in Accounting Rules for Small and Medium Companies in India

A major update as there is now Relaxation in Accounting Rules for Small and Medium Companies in India.  This was done to support the idea of making it easy to do business in India. The goal is to cut down on the amount of paperwork and time it takes to generate financial statements. As a … Read more

FIEO partners with Aramex India to support MSME exporters

FIEO partners with Aramex India to support MSME exporters

FIEO partners with Aramex India to support MSME exporters is good news for all the MSMEs. The collaboration happened last Saturday and both the parties have signed a memorandum. The partnership will positively impact cross-border shipments and boost the speed of exports. Therefore, in this article, we will read about FIEO partners with Aramex India to … Read more

Government includes Retail and Wholesale trade under MSME

Government includes Retail and Wholesale trade under MSME

Government includes Retail and Wholesale trade under MSME is a piece of good news for the industry. This news was announced on 2 July 2021. As a result, Retail and Wholesale traders feel hopeful for the promising opportunities that MSME Registration provides. Earlier, MSMEs excluded them under MSME Development Act, 2006 in 2017. Therefore, everyone … Read more

MSMEs need to integrate with Global Value Chains: Union minister

MSMEs need to integrate with global value chains Union minister

MSMEs need to integrate with global value chains, is a valuable statement by the Union Minister. The  Minister highlights that MSMEs need to understand the importance of integration with global value chains.In this article, we will read about the Union Minister’s recommendations regarding MSMEs need to integrate with global value chains. MSMEs need to integrate … Read more

BHEL to procure 300 products worth ₹3,000 cr from MSMEs

BHEL to procure 300 products worth ₹3,000 cr from MSMEs

MSMEs, short for Micro, Small, and Medium Enterprises, contribute significantly to any country’s socio-economic development. In India, mainly, MSMEs have gained increasing significance because of the contribution they make towards India’s GDP and exports. Also, the thrust that they provide to entrepreneurship development in the rural and semi-urban areas has earned them the country’s respect.  … Read more

Centre Sets ₹10 Lakh Trigger for MSME Rescue Scheme

Centre Sets ₹10 Lakh Trigger for MSME Rescue Scheme

The Centre Sets ₹10 Lakh Trigger for MSME Rescue Scheme. This simplified scheme of MSME Rescue came for bankruptcy proceedings of small businesses called Pre-Packs. The finance ministry said that under this Pre-Pack Scheme, this would be the minimum threshold of payment default for the Micro, Small, and Medium Enterprises (MSMEs). However, if you’re not registered … Read more