Small and medium-sized businesses (SMBs) are evolving by introducing new technologies and innovation in the ecosystem. Small and Medium Businesses form the backbone of the Indian economy by contributing a massive 30% to India's total GDP.
To boost the...
Automation for MSMEs of India has immense potential to transform the way enterprises operate. The adoption of automotive technologies came in the form of driverless automobiles, robot helpers, delivery drones, and many more for businesses. The Dubai Metro, for...
Indian MSMEs through innovative entrepreneurship has changed the economic structure of our country. The importance of MSME in the Indian Economy had surpassed all previous records. The MSME sector generates the highest employment in India after the agricultural sector...
How do MSMEs Contribute to the Indian Economy?
For the Indian economy with a population of 1.3 billion and the highest demographic dividend, the MSME sector is undeniably a crucial job provider. The spine of the Indian economy, the MSMEs...
For running a small business, the Ministry of Micro, Small, and Medium Enterprises has organized numerous entrepreneurship training programs for the youth, especially young women and SCs/STs.
The Entrepreneurship Skill Development Programme (ESDP) Scheme aims to develop young people's talent...
North-East India comprising seven sister states covers 263179 Km/Sq. of India. The region enjoys a strategic geographical location with an international border of 5,182 km. The North-East region is India’s gateway to south-east Asia. This unique geography can become a boon...
52 weeks and 44 Unicorns, this is a brief introduction to the Indian Unicorns' success story in 2021. How did that happen so fast? What are the factors contributing to rising unicorns in India?
Needless to say, 2021 was the...
In 2019, Prime Minister Narendra Modi envisaged transforming India into a powerful $5 trillion economy by the year 2024-25. Micro and small industries were supposed to be crucial player in achieving the goal due to the exceptional contribution of...
The MSME sector forms the foundation of the Indian dream of an Atmanirbhar Bharat. But, the Covid-19 pandemic and resultant disruptions affected MSMEs’ earnings by 20-50%. The greatest brunt was borne by the SMEs because of reduced demand and...
Challenges faced by the Indian MSMEs
For the Indian economy with a population of 1.3 billion and the highest demographic dividend, the MSME sector is undeniably a crucial job provider but the challenges facing Indian MSMEs impede their growth. The...
The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
