The positive news for businesses having MSME Registration. The latest news is Effitrac Solutions Partners with RazorpayX. The motive behind this partnership is to empower the MSME sector of India. In this article, we will understand this news in detail. About Effitrac Effitrac is simple end-to-end business technology. It is a SaaS(Software as a Service) … Read more
The FSME India requested Prime Minister Narendra Modi to provide a supplementary special package worth Rs. 5 lakh crore for the MSME sector’s revival as soon as possible. A variety of initiatives have been made to assist the companies having MSME Registration. However, because the Covid-19 crisis has ruined the market, there is a lot … Read more
While the coronavirus outbreak has brought attention to banks not lending money to small and medium-sized businesses across the country, the new credit guarantee plans, such as the Bank of Baroda’s Pratham Program, are expected to attract more lenders. In collaboration with U GRO Capital, a non-bank financier, the Bank of Baroda has launched the … Read more
For the last couple of days, union FM has been holding review meetings. Initially, to check the pending Micro, Small, and Medium Enterprises payments. Finance Minister Nirmala Sitharaman said, “I am personally monitoring and assisting in the case.” MSME registration portal is open to all MSMEs. In this article, we will discuss Government committed to … Read more
A major update as there is now Relaxation in Accounting Rules for Small and Medium Companies in India. This was done to support the idea of making it easy to do business in India. The goal is to cut down on the amount of paperwork and time it takes to generate financial statements. As a … Read more
FIEO partners with Aramex India to support MSME exporters is good news for all the MSMEs. The collaboration happened last Saturday and both the parties have signed a memorandum. The partnership will positively impact cross-border shipments and boost the speed of exports. Therefore, in this article, we will read about FIEO partners with Aramex India to … Read more
Government includes Retail and Wholesale trade under MSME is a piece of good news for the industry. This news was announced on 2 July 2021. As a result, Retail and Wholesale traders feel hopeful for the promising opportunities that MSME Registration provides. Earlier, MSMEs excluded them under MSME Development Act, 2006 in 2017. Therefore, everyone … Read more
MSMEs need to integrate with global value chains, is a valuable statement by the Union Minister. The Minister highlights that MSMEs need to understand the importance of integration with global value chains.In this article, we will read about the Union Minister’s recommendations regarding MSMEs need to integrate with global value chains. MSMEs need to integrate … Read more
MSMEs, short for Micro, Small, and Medium Enterprises, contribute significantly to any country’s socio-economic development. In India, mainly, MSMEs have gained increasing significance because of the contribution they make towards India’s GDP and exports. Also, the thrust that they provide to entrepreneurship development in the rural and semi-urban areas has earned them the country’s respect. … Read more
The Centre Sets ₹10 Lakh Trigger for MSME Rescue Scheme. This simplified scheme of MSME Rescue came for bankruptcy proceedings of small businesses called Pre-Packs. The finance ministry said that under this Pre-Pack Scheme, this would be the minimum threshold of payment default for the Micro, Small, and Medium Enterprises (MSMEs). However, if you’re not registered … Read more