The Union Cabinet chaired by the Prime Minister, Narendra Modi, today approved a USD 808 million or Rs 6,062.45 crore, World Bank assisted programme on Raising and Accelerating MSME Performance (RAMP). RAMP is a new scheme and would commence...
The share of Micro, Small and Medium Enterprises (MSMEs) to exports to Russia and Ukraine during the last three years is as follows:
For more information also read: https://smeventure.com/what-the-indian-msme-sector-is-expecting-from-the-union-budget-2022-23/
Value in USD Million
India’s Export
2018-19
2019-20
2020-21
Value
Value
Value
Selected commodities (MSMEs) to Russia
1432.53
1819.41
1548.27
Total export to Russia
2389.62
3017.75
2655.84
%...
Khadi and Village Industries Commission (KVIC) is viewing the Manufacturing and sale of fake Khadi products by some unauthorized outlets selling products in the name of Khadi very seriously and is closely and constantly searching for such entities, to...
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...
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...
MSMEs are the growth engines of the Indian economy as they contribute highly towards the socio-economic development of India. For many years, MSMEs in India have been playing a pivotal role by contributing around 30% to Indian GDP. After...
Ministry of MSME is implementing the following schemes to give impetus to ‘Make in India’ in the MSME sector. These schemes focus on the promotion of locally produced goods in the country through empowering micro and small scale enterprises...
The pandemic has been hard on everyone. On a business level, the impact has been felt across industries but emerging technologies have set things in perspective. SMEs in particular have learned to adapt to the new normal and leveraged...
The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
