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Wednesday, November 6, 2024

Digital India

Champions portal scheme to receive a financial boost in FY2023

The MSME sector is at the budding stages in India right now. The entry of high quality market participants has ushered in a great deal of competition in the market and as a result of which many new MSMEs require more budget...

MSMEs embarking on the journey of innovation and success

MSMEs embarking  are truly the backbone of an emerging and developing economy like India. The MSME sector contributes 50% towards all the product exports that are happening in the country and this helps in adding approximately 30% directly to...

All India MSME associations of Maharashtra

All India MSME associations of Maharashtra at the local level played a huge role in MSME model awareness and adoption over time and finally its worth mentioning that they duly succeeded in their attempt in doing so. In the era of Post-liberalization, Foreign...

The government operates a number of initiatives to improve digitalization for MSMEs.

In the Budget Announcement made by Hon’ble Finance Minister on 1st February 2022, it was said that “Udyam, e-Shram, National Career Services (NCS) portal and Aatmanirbhar Skilled Employees Employer Mapping (ASEEM) portals will be interlinked. Their scope will be...

E-Commerce Platforms for MSMEs

The National Small Industries Corporation, a PSU under the Ministry of Micro, Small and Medium Enterprises (MSME) facilitates ecommerce platforms service to MSMEs across the country through MSME Global Mart Web Portal to enhance their business. The salient features...

Bailout Package for MSMEs Sector

Government has announced and operationalised Aatma Nirbhar Bharat Package for MSMEs to cope up with the COVID-19 crisis, which inter alia includes the following major schemes: Emergency Credit Line Guarantee Scheme (ECLGS): This scheme was announced as a part...

Aatmanirbhar Bharat Scheme

The Government has taken a number of initiatives under the Aatma Nirbhar Bharat Abhiyan scheme to mitigate the negative impact of Covid-19 on small businesses, including MSMEs, in the country. Some of them are: Rs. 20,000 crore Subordinate Debt...

Role of MSMEs in Manufacturing Sector

The Micro, Small and Medium Enterprises (MSMEs) plays an important role in manufacturing sector of the country. For more information also read - https://smeventure.com/impact-of-high-repo-rate-on-msme-sector/ As per information received from Ministry of Statistics & Programme Implementation, the Share of MSME Manufacturing Output...

SIDBI Initiatives for MSME’s 2022

The term SIDBI stands for Small Industries Development Bank of India.  It is an apex financial institution to support small, mid-sized businesses in India. SIDBI is a wholly owned subsidiary of IDBI, is geared for helping and financially assisting...

Govt to declare States Start-up Ranking 2021 on July 4

The Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles Piyush Goyal to release the results of third edition of Ranking of States’ to support Start-up Ecosystems on July 4, 2022 in a felicitation ceremony,...
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GeM Partnership with Sikkim: Boosting Digital Procurement Across India

The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
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