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...
An Introduction to Software-as-a-Service
The main reason why SaaS is the future is that it's a business model that determines the way applications will be delivered to customers. Cloud software and Software as a Service (SaaS) have near-zero marginal...
India has been actively involved in businesses, trade, and forming association since as early as Indus Valley Civilization. And guess what, the ancient Indian merchants formed guilds (Shrenis) to regulate businesses and trade. These guilds not only focused on...
Are Indian MSMEs still relevant in India’s $5 trillion marathon?
Yes. In fact, Here are the key statistics that highlights the importance of MSMEs growth in the Indian economy:
As per Central Statistics Office, MoSPI; the share of the MSME...
Chamber of Small Industry Association (COSIA) and Thane Small Scale Industries Association (TSSIA) in collaboration with Plugin Alliance, an initiative by SINE-IIT Bombay and Intel India had organized an awareness session on 4th April 2022 with an objective to...
In a major boost to the self-employment spree in Rajasthan, Khadi and Village Industries Commission (KVIC) on Saturday distributed 200 electric potter wheels to potters, 240 waste wood toolkits to Carpenters and 10 dona paper plate making machines to...
As per the information received from Ministry of Statistics & Programme Implementation, share of MSME Gross Value Added (GVA) in All India GDP at current prices for the year 2019-20 was 30.0%.
State wise break up of persons employed in...
The Ministry of Micro, Small, and Medium Enterprises (MSME) has been implementing various schemes /programs to promote innovation and upscale MSMEs inter alia MSME Champions Scheme, Credit Guarantee Scheme, MSE Cluster Development Programme, Public Procurement Policy for MSMEs, and...
Mr. Jagmohan Singh hails from the pavan village of Ludhiana in Punjab. He started his enterprise called J.J. Fasteners, a unit that engages in manufacturing a wide range of anchor bolts, industrial washers, and industrial bolts, etc. After working...
The World Bank has communicated to the Ministry of MSME that, in its Board meeting dated 4th June 2021, it has approved a loan of US $500 million (₹ 3750 Cr) to assist the Government of India’s program “Raising...
