To address the regular requirement of working capital including small ticket size loan by Micro, Small and Medium Enterprises (MSMEs) and to stay afloat, the Government has taken a number of initiatives in recent years which inter-alia includes measures...
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...
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...
MSME’s have a very important role to play in the economy of the country like India. The development of MSME’s is essential to meet the national imperatives of financial inclusion and generation of significant levels of employment opportunities across...
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...
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...
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...
Small firms and shops who are already under pressure due to the Covid-19 effect and skyrocketing inflation will be negatively impacted by a hike in the repo rate, which has a direct impact on lending rates. Retailers with few...
Right now, a big chunk of the revenue by this sector is generated from, in and around, the metro cities of Bengaluru, Chennai, Delhi NCR, Gurugram, Hyderabad, Kolkata, Mumbai and Pune. Other parts of the country, having availability of...
Micro Small and Medium Enterprises (MSMEs) are leading in the industries affected by COVID-19. Clear rules on access to financing, markets, and cutting-edge technologies, as well as a favorable environment produced by sensible government policies and legislation, can all...
