The Ministry of Micro, Small and Medium Enterprises has introduced AI and ML powered tools on its single window system ‘Champions portal website’ in order to take an active effort in matters related to MSME’s. This multi-modal system also...
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 Government has taken a number of recent initiatives under the atmanirbhar bharat Abhiyan to mitigate the negative impact of Covid-19 on small businesses including revival of demand for products and services in the country. Some of them are:
i....
The cluster development approach has been adopted by the Ministry of Micro, Small and Medium Enterprises (MSME), Government of India (GoI), as a key strategy for boosting the productivity and competitiveness as well as capacity building of Micro and...
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...
The term SIDBI stands for Small Industries Development Bank of India. It is an apex financial institution to support small, mid-sized businesses in India. SIDBI is a wholly owned subsidiary of IDBI, is geared for helping and financially assisting...
Digital India needs to upskill its workforce
Given the growing importance of digital competences in today's technology-driven world, digital India has to upskill its workforce. Digital proficiency has been shown to be one of the most valuable assets. Being a...
Union Minister for MSME Narayan Rane has said under the able leadership of Prime Minister Narendra Modi MSME Ministry is committed to achieving the goals of holistic development and self-reliance of MSMEs. In his message on the occasion of...
Spice Money, a Rural Fintech company won 'Google Cloud Customer Awards' in three categories, namely Financial Services, Social Impact, and Diversity, Equity, and Inclusion.
Dilip Modi, Founder of Spice Money said, "As the country’s leading Rural Fintech, not only are...
The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
