The MSME Sustainable (ZED) Certification drives awareness among MSMEs about Zero Defect Zero Effect (ZED) practices. It motivates them to achieve certification and become MSME Champions. The ZED Certification Scheme helps MSMEs reduce wastage, save energy, enhance productivity, and adopt best practices to boost their global competitiveness and sustainability. In this article, we’ll guide you … Read more
A new rule has been put in place to help small and medium-sized businesses in India get paid on time. From April 1, 2024, the government will allow buyers to claim income tax deductions for expenses only when they pay their suppliers, specifically the MSEs. This rule is a big deal for businesses in India, … Read more
The yearly study carried out on micro, small, and medium enterprises (MSMEs) revealed substantial advantages for those who embrace e-commerce platforms. MSME use digi wallet benefits a lot and let us understand the latest findings through this article. Digital Wallets and E-commerce Integration: Boosting MSME Prosperity in India A recent study by The India Council … Read more
The Ministry of Skill Development and Entrepreneurship has shifted its attention towards improving the viability and boosting the productivity of small, informal businesses. This is being achieved through the encouragement of skills training for micro, small, and medium enterprises (MSMEs) and the provision of customized courses to address the specific needs for skilled labor in … Read more
MSMEs not only generate employment, but they also support big industrial houses and other entities. Thus, it’s rightly said that the MSMEs are the backbone of industrial development in the country. In emerging economies like India, the MSME sector can account for up to 40% of the GDP. So, the importance of MSMEs in economic … Read more
The Ministry of Micro, Small, and Medium Enterprises (MSME Registration) runs a number of initiatives and plans for the country’s MSME sector’s growth. The government has implemented an investor-friendly policy to encourage foreign direct investment (FDI), with the exception of a few strategically important sectors/activities, all of which are open to 100% FDI under the … Read more
The Credit Guarantee Scheme for Startups has been formally announced by the Department for the Promotion of Industry and Internal Trade (DPIIT) (CGSS). Let us understand all the latest updates related to the latest credit guarantee scheme for startups through this article. What is the purpose of the Credit Guarantee Scheme for Startups? The purpose … Read more
The activities under Ease of Doing Business and Reducing Compliance Burden, which are intended to create a favorable business environment, are being led by the Department for Promotion of Industry and Internal Trade (DPIIT). These various initiatives are taken to boost the MSME Sector which are India’s major contributor to GDP growth and also provider … Read more
One of the biggest challenges that entrepreneurs face is gathering initial funding to initiate their business. Entrepreneurs hesitate and worry if they want to launch a business, and don’t have enough capital to invest in it. As a result, the Indian government has launched a beneficial scheme to boost the economy, employment and entrepreneurship in … Read more
MSMEs are among the most powerful forces driving economic growth, therefore it becomes necessary to improve their ecosystem. Therefore, the government of India has made a plan known as MSME Sustainable Certificate Scheme. This scheme offers several benefits to businesses having MSME Registration and also encourages them to grow more. Through this article, you will … Read more