Micro, Small, and Medium Enterprises (MSMEs) are the backbone of India's economy, contributing significantly to GDP, employment generation, and fostering innovation. However, access to adequate funding remains a major challenge for these enterprises, hindering their growth and sustainability.
Recognizing...
The emergence of digital lenders has significantly reshaped the way Micro, Small, and Medium Enterprises (MSMEs) secure business loans for their operations. The transition from traditional banking to online platforms has not only accelerated the loan application process but...
Micro, Small, and Medium-sized Enterprises (MSMEs) are the lifeblood of economies around the world. As of 2023, there are over 633.9 lakh MSMEs in India. These businesses contribute significantly to employment, economic growth, and innovation. However, they often face...
International MSME Day celebrates all fellow startup founders, business owners, and micro businesses to acknowledge their helping hand towards the country and making the globe a better place to live. Micro, Small, and Medium ventures have grown tremendously since...
The Emergency Credit Linked Guarantee Scheme (ECLGS) scheme announcement made for MSME's.
To shield the MSME's from unexpected financial distress and support their operational activities as it is important to note, MSME's play a significant role and contribute majorly into...
Retail and wholesale traders and Wholesalers tops the list in MSME sector
based on the number of registrations on the Udyam portal.
The data as of February 2, 2023, out of around 1.38 crore Udyam-registered
MSMEs in the top 10 categories contributed...
Small and medium enterprises (MSMEs) are the backbone of the Indian
economy, contributing significantly to employment generation and GDP
growth. However, MSMEs face numerous challenges, such as lack of
access to finance, technology, and skilled labor, which hinder their
growth and sustainability. They...
It is well known fact that MSME’s and SME’s contribution to the country’s
GDP is growing every year and this includes Micro, medium and small
scale industries. It also includes industries based in rural areas, agro
based Small Business and Business Financing,...
Small and medium-sized enterprises (MSMEs) in India are the backbone
of the country's economy, contributing to about 45% of India's total
industrial output and employing around 120 million people. However,
the COVID-19 pandemic has resulted in unprecedented disruptions to
the retail industry, putting...
As per recent reports of NSS the number of Employment Opportunities generated by MSME and SME’s amounted to (number of persons) in micro enterprises during the year 2016-17, 2017-18, 2018-19, 2019-20, 2020-21 and 2021-22 (as on 15.11.2021) are 4.08...
The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
