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Tuesday, November 5, 2024

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Retailers, Wholesalers tops MSME Registrations on Udyam portal: Govt Data

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...

Role of technology to scale up business & revenue of MSMEs

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...

‘Business Financing’ a Major Issue for MSME’s’: Challenges and the way forward

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,...

New technological adoption leads to more SME flexibility

Adaptability in business operations is becoming an important part of a company's success, especially in the MSME (Micro, Small and Medium Enterprises) sector. MSMEs play a crucial role in the growth and development of the Indian economy and the adoption of new technology...

New Retail tech solutions for MSME transformation in India

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...

MSME Sector On-Boarded its Journey by Making it Big in Creating Employment Opportunities

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...

Bizongo Appoints Prasanth Nair as Head of Engineering to Expand Manufacturing Vertical & Expand its Tech Stack

Bizongo, a leading vendor digitization platform for brands and Enterprises, has announced the appointment of Prasanth Nair as Senior Vice President of Engineering. The appointment comes at a time when Bizongo is amplifying its tech stack and introducing newer offerings to...

Challenges & Opportunities MSME’s Face to Enable Trends in Cloud Computing

Enterprises of all size be it medium, small or large are going towards Cloud Computing & adoption to stay relevant, competitive and benefit from the new age digitalization by over hauling their data structure in a secured atmosphere. To...

Spice Money issues 19 lakh PAN cards and 1.5 lakh Udyam Aadhaar cards across more than 2 lakh villages

Spice Money India’s leading rural fintech firm, a subsidiary of DiGiSPICE Technologies is paving the way Bharat banks, has issued 19 lakh PAN cards and over 1.5 lakh Udyam Aadhaar cards till date through its Adhikari network spanning across...

Fintech firms are filling the Credit gap within MSME sector

The MSME sector has experienced a lot of changes and gap in the recent times. After the inception of the MSMED ACT 2006, many of the MSME businesses came to fruition. There was a huge amount of interest amongst the entrepreneurs to...
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Latest News

GeM Partnership with Sikkim: Boosting Digital Procurement Across India

The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
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