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...
Union Minister for Micro, Small and Medium Enterprises Narayan Rane today launched the MSME Sustainable (ZED) Certification Scheme. In his address, the Minister said that ZED has the potential to become a national movement and that it aims to...
Why are there fewer female entrepreneurs in India?
Women entrepreneurs face the following additional barriers due to a pronounced gender disparity in the male-dominated society.
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Access to Finance
The issue of lack of finance...
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...
Imagine, instead of buying, installing and maintaining the software, you get to just rent the service and make use of it, avoiding the need for high installation costs and device maintenance. A new generation of popular Top 5 Trends...
From the Himalayan highlands of Leh-Ladakh to the banks of River Ganges in Varanasi – the heritage handicraft of Pashmina has got a brand new identity. The premium Pashmina products prepared by the highly skilled Khadi weavers of Varanasi...
The Government has taken several initiatives under the Aatmanirbhar in MSME sector 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 for stressed...
Ministry of MSME, through Khadi and Village Industries Commission (KVIC), is implementing Prime Minister’s Employment Generation Programme (PMEGP) for generating self-employment opportunities in the country by setting up micro-enterprises in non-farm sector.
The number of micro-enterprises setup under PMEGP and...
A total number of 31 Livelihood Business Incubators (LBIs) were sanctioned under A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship (ASPIRE) during the financial year 2020-21. Four (4) LBIs became functional during the financial year 2020-21 A...
E-Commerce is widely considered as a medium to reduce costs related to penetration and sustainability of exporters in international markets. Indian MSMEs stand to benefit for Export Policy for MSMES right from the enhanced visibility provided by e-commerce platforms....
The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
