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How can the MSME Ecosystem Leverage Sustainable Procurement for Digital Innovation

As of 27th March, 2022, the Indian MSME sector comprises more than 7.9 million micro, small and medium size enterprises. It also contributes to 33% of the nation’s GDP and generates over 120 million e...More

Scope of Supply Chain Agility for SMBs in the Post Pandemic Era

Needless to say, the COVID-19 pandemic has adversely impacted the MSME community in India. With businesses trying to minimize the impact of macro-level disorder in the MSME space, small and midsize en...More

How can MSMEs Streamline Procurement Through Technology?

Transitioning to the post-pandemic era, the scope of cloud-based technologies in transforming procurement functions is immense. For an organization’s success, especially in the manufacturing sector, t...More

How can MSME Leaders Become Technology Enablers?

The Indian MSME sector has a huge potential for growth in the post pandemic era. However, it depends on how emerging businesses adapt to change and most importantly, design future-ready business solut...More

Govt. amends definition of small companies to reduce compliance burden

The Ministry of Corporate Affairs has brought in an important amendment to the Companies Act, 2013 that will enable 1.2 million businesses across the country to be classified as small businesses and h...More

MSME medical device manufacturers worry as Govt. notifies rules

Hundreds of MSME medical device units in the country are at the risk of downing shutters, as they may not be able to comply with the mandatory license regime under the Medical Device Amendment Rules,...More

Rajasthan unveils new MSME Policy, promises 20,000 new units in the state.

With an aim to increase the contribution of MSMEs to the state’s GDP as well as export basket, the Rajasthan government unveiled the MSME Policy 2022, multiple media reports say. The policy released b...More

New semiconductor plant in Gujarat to benefit MSMEs:

In what is touted to be as the ‘biggest ever corporate investment’ since India’s independence, the state government of Gujarat entered into a Memorandum of Understanding with Taiwanese electronic...More

1 Crore Micro Enterprises Grow into Small Businesses in 2 Years

Even as the pandemic brought the economy to a standstill, downing shutters on several small and vulnerable businesses, nearly One Crore micro enterprises (90,048 to be precise) grew in operations to e...More

MSMEs Feel the Pinch as Google Hikes Prices for Business Use

Just as MSMEs in India are migrating to the digital world, Internet giant Google has thrown them in a tizzy with an abrupt shift in its pricing policy due to the rebranding of its products from Google...More

MSME Exporters on Amazon.in Saw 50% Jump in Biz Growth During Prime Day Sales

MSME exporters onboarded to e-commerce giant Amazon.in’s Global Selling Program saw a record 50% increase in business growth during the site’s flagship annual Prime Day sale, which was held between Ju...More

One month on, MSMEs Hit Hard by Ban on Single-use Plastic

The ban on single-use plastic, in effect from July 1, 2022 has thrown the MSME sector into a crisis, as firms tackle multiple challenges arising from the notification issued by the Ministry of Environ...More

Udyam Portal Registrations cross One Crore in 25 months : Govt

Since its launch on July 1, 2020, the number of MSMEs that have registered on the Udyam Portal has touched one crore, MSME Minister Narayan Rane told news wire PTI. The minister spoke to the news wire...More

Govt. pumped INR 34 Crores under MSME Idea Hackathon 2022

The present monsoon session of the parliament has brought about several discussions on the state of MSMEs in the country. In response to a query raised recently on the progress of the MSME Innovative...More

Centre worked with states, UTs to improve Ease of Doing Business for MSMEs

When questioned in the about the government’s awareness about small businesses being forced to close due to high compliance burden, Minister of State for Commerce Som Prakash, informed the monsoon ses...More

Vodafone Idea launches ‘Ready for Next’ programme for MSMEs

Cellular provider Vodafone Idea recently launched ‘Ready for Next’, a programme focused exclusively on improving telecom and internet connectivity among small businesses, multiple media reports say. S...More

PM launches series of schemes to boost MSME sector

Prime Minister Narendra Modi on Thursday launched a slew of schemes to benefit the MSME sector, a press statement from the Prime Minister’s Office said. The schemes were launched under the umbrel...More

SaaS startup LeadSquared turns unicorn with $153 Million new funding

SaaS sales automation startup LeadSquared has announced that it has secured USD 153 Million in a Series C Funding round led by Westbridge Capital, a company statement says. Existing investors such as...More

Banking app Mewt to launch India’s first “all-in-one” debit card, for MSMEs

Bengaluru-based fintech startup Mewt Account Pvt. Ltd., that operates MSME focused banking app Mewt, recently announced that it has received USD 4.6 Million in seed funding in a round led by multinati...More

Good news at last - MSMEs ‘bounce back stronger’ after COVID -19 shock

Indian MSMEs have shown remarkable resilience in overcoming the crippling challenges and rabid uncertainties unleashed by the COVID-19 pandemic over the past two years, summarises a study by fintech l...More

MSME focused fintech startup HostBooks raised USD 3 Mn Series A funding

HostBooks, a Gurugram headquartered, MSME focused fintech startup that provides automated, cloud-based accounting and compliance software for MSMEs, has announced that it has raised USD 3 Million in S...More