Bengaluru, January 29: With an aim to help micro, small and medium enterprises (MSMEs) operating in Karnataka and spur their exports, global e-tailer Amazon India on Thursday signed an agreement with the Karnataka industries and commerce department. The pact will help the MSMEs in the southern state in increasing their exports on its global selling […]
Tag Archives: MSMEs
MSMEs in India Will Get E-Portal To Sell Their Products, Govt Is Working With SBI To Launch Online Facility, Says Nitin Gadkari
Mumbai, January 23: With an aim to facilitate the Medium, Small and Micro Enterprises (MSMEs) in India to sell their products, the government is working with State Bank of India (SBI) to launch an E-portal on the lines of Amazon, Transport & MSME Minister Nitin Gadkari said. At a webinar organised by All India Association […]
Key Learning from 2020: How Indian MSMEs survived COVID 19 & Prepared to Kickstart 2021
The year 2020 was tough due to COVID 19 pandemic and like a nightmare for Indian brands & businesses and MSMEs. However, it has also proven to be a great learning curve. The global pandemic has redefined the business rules, forcing entrepreneurs to think out-of-the-box to find innovative ways to survive amidst challenging times. According […]
MSMEs Backbone of Indian Economy, Govt Aiming to Increase the Sector’s Contribution to India’s GDP to 50%, Says Nitin Gadkari
Hyderabad, December 12: Terming Micro, Small and Medium Enterprises (MSME) as the backbone of Indian economy, MSME Minister Nitin Gadkari said the Modi government is now aiming is to increase the MSME sector’s contribution to the GDP to about 50 percent. The existing contribution of the MSME sector to India’s GDP is 30 percent. While […]
Amazon India & CII Sign MoU to Help MSMEs Adopt E-Commerce & Digitisation of Business
E-commerce giant Amazon India and the Confederation of Indian Industry on Thursday signed a Memorandum of understanding (MoU), following which they aim to bring benefits of digitisation of businesses to Micro Small and Medium Enterprises (MSMEs) in ten states across India. “As part of the MoU, Amazon.in and CII will conduct trainings, workshops and host […]
Traditional and Rural Enterprises: 5 Schemes by Government to Protect & Develop The Sector
Rural India has a variety of industrial set-up including cottage industry, single-unit manufacturing, small and medium enterprises among others, since long-back. The traditional industries still thrive and provide employment to many villagers and people in the nearby areas. There are several traditional industries which are viably operative. These include handloom, handicrafts, coir, cashew, beedi, tiles […]
Stimulus 3.0: Narendra Modi Govt Announces Fresh Relief Package, From Creating More Jobs to Credit Guarantee Support Scheme, Here’s How MSMEs Will Benefit
New Delhi, November 12: FM Nirmala Sitharaman announced a slew of measures as part of stimulus 3.0 with an attempt to give relief to the stressed sectors amid the coronavirus pandemic. FM announced Atmanirbhar Bharat Rozgar Yojana to boost employment and create jobs. This will be effective from October 1, 2020. Under the new scheme, […]
MSMEs in India: Over 11 Lakh MSMEs Registered So Far on Udyam Online System Since July; Here’s How You Can Register Your MSME Online
New Delhi, November 11: As many as 11 lakh MSMEs in India have registered on the new online system of Udyam Registration so far in just less than 5 months. The Udyam Registration was launched in July by the government. Of the 11 lakh MSMEs, as many as 3.72 lakh enterprises have registered under manufacturing […]
MSMEs to Get a Boost As D&B India and NSIC Ink Pact to Create Ecosystem for Promoting and Fostering Growth of Micro, Small & Medium Businesses
New Delhi, November 5: In a bid to foster the growth of micro, small and medium enterprises, Dun & Bradstreet Information Services India has signed an agreement with the National Small Industries Corporation (NSIC). The pact aims to create an ecosystem for promoting, aiding and fostering the growth of MSMEs. A statement said, the partnership […]
MSMEs in India Get Big Relief! Govt Ready to Waive ‘Interest on Interest’ on Loans Up to Rs 2 Crore During Moratorium
New Delhi, October 17: In a major relief to thousands of individuals and MSME borrowers in India, the Modi government announced that it is ready to waive ‘interest on interest’ on loan up to Rs 2 crore during moratorium. In an affidavit filed on October 3, the government informed the Supreme Court that it has […]