The Govt. of India has enacted the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 on June 16, 2006 which was notified on 2nd October, 2006 to deal with the definition of MSME’s. The Enterprises are defined in...
The Ministry of Micro, Small and Medium Enterprises has introduced AI and ML powered tools on its single window system ‘Champions portal website’ in order to take an active effort in matters related to MSME’s. This multi-modal system also...
The Ministry of MSME, maintains data of registration of MSMEs, cancellation of registration and employment on Udyam Registration Portal.
For more information also read - https://smeventure.com/bpo-promotion-schemes-under-digital-india-programme/
The data on credit outstanding to the MSME sector by Scheduled Commercial Banks for the...
The Government has taken a number of recent initiatives under the atmanirbhar bharat Abhiyan to mitigate the negative impact of Covid-19 on small businesses including revival of demand for products and services in the country. Some of them are:
i....
Government has launched a World Bank supported Central Sector Scheme called Raising and Accelerating MSME Performance (RAMP). The scheme aims at strengthening institutions and governance at the Centre and State, improving Centre-State linkages and partnerships and improving access of...
The cluster development approach has been adopted by the Ministry of Micro, Small and Medium Enterprises (MSME), Government of India (GoI), as a key strategy for boosting the productivity and competitiveness as well as capacity building of Micro and...
According to statistics, investments in Indian startups have risen dramatically in recent years, from $6.6 billion in 2018 to $10 billion in 2020 and up to $36 billion in 2021. This demonstrates that India has a large number of...
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...
The Ministry of Micro, Small and Medium Enterprises (MSME) has taken several initiatives for providing an impetus to promote creativity, innovation and entrepreneurship. These inter-alia include Entrepreneurship and Skill Development Programme (ESDP), MSME Champions Scheme and Prime Minister`s Employment...
The Ministry of MSME, through Khadi and Village Industries Commission (KVIC) promotes and assists Khadi and Village Industries which are engaged in production and sales of KVI products thereby generating employment opportunities for rural artisans through implementation of various...
The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
