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
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
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
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
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
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
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
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
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
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 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
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
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
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
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
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
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 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
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
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
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
The high wholesale inflation currently underway in the country is straining the resources of the MSME sector, particularly for players in the textile, food processing, engineering and plastics industr...More
MSME Minister Narayan Rane recently launched the revamped Zero Defect Zero Effect (ZED) Scheme for MSMEs, multiple media reports say. First unveiled by Prime Minister Narendra Modi in 2016 as part of...More
The historic Comprehensive Economic Partnership Agreement (CEPA) signed between India and the United Arab Emirates in February this year, is expected to roll out on May 1, 2022, a report in The Indian...More
On April 3, Commerce Minister and Industry Piyush Goyal inked a Free Trade Agreement (FTA), known as the India Economic Cooperation and Trade Agreement with Australia, the first-of-its-kind major deal...More
Living up to the budget promise made earlier this year, the Ministry of Finance announced on March 30 that it has implemented the extension of the Emergency Credit Line Guarantee Scheme (ECLGS) until...More
Your Guide to E-Invoicing and GST Compliance Financial transactions are an important part of supply chain operations. From procurement to product delivery, sustainable and digital payments have...More
Social Sustainability & Change: Empowering Businesses Together Living in a time gripped by a global pandemic can be challenging. Moreover, the impact of traditional supply chain practices and...More
5 Factors Facilitating Supply Chain Transformation The past two years have been nothing short of challenging. Considering the impact of a pandemic, global businesses have witnessed pitfalls in t...More
In a historic feat, India’s exports have crossed USD 400 Billion in FY22, for the first time ever. The ambitious target, which was set for the present fiscal year, was achieved with ten days to spare,...More
The union government has roped in several of country’s premier educational institutions, including the Indian Institute of Science (Bengaluru), the National Institute of Design (NID) the Indian Instit...More
After more than 15 years since the MSME Act came into force, the ‘backbone’ of the Indian economy - the MSME sector, is back to the policy center stage. The union government recently released a new dr...More
Chennai-based unified lending infrastructure and online debt marketplace CredAvenue has raised USD 137 Million in a Series B funding round led by New York headquartered global private equity and ventu...More
Just ahead of International Women’s Day on March 8, MSME Minister Narayan Rane launched ‘SAMARTH’, a new entrepreneurship promotion drive focused on increasing self-employment among women, multiple me...More
Just as COVID-19 is on the wane, sowing green shoots of economic recovery for MSMEs, the escalating armed conflict between Russia and Ukraine, with its inevitable impact on global trade, is sending tr...More
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), a collaborative organization set up by the MSME Ministry and the Small Industries Development Bank of India (SIDBI) to impleme...More
Union Bank of India, one of the country’s leading public sector banks has tied up with the RBI constituted National Payments Corporation of India (NPCI) to launch an MSME Rupay Credit Card. The credit...More
In a first-of-its-kind Alternate Investment Fund (AIF) in India, Upekkha, an early stage SaaS startup accelerator has raised USD 9 million from Westrbrige Capital, multiple media reports say. The...More
Telangana based financial services firm Censor Black has announced plans to create 8 million MSME jobs globally over the next three years, multiple media reports say. The company will employ blockchai...More
E-commerce major Amazon’s Indian subsidiary Amazon.in has partnered with the government’s award winning investment facilitation agency Invest India and apex MSME representative body Indian Industries...More
Rising commodity prices, problems in accessing credit and payment delays have accentuated the financial distress of MSMEs that have borne the brunt of the pandemic. Steps such as the Emergency Credit...More
The government had already anticipated COVID-19’s deathly blow to India’s fragile MSME sector it would seem, as MSMEs were the main focus of the slew of financial incentives announced under the Atmani...More
On May 12, 2020, just at the cusp of Unlock 1.0, Prime Minister Narendra Modi announced to a tensed nation a behemoth campaign that would build the road economic recovery - the Atmanirbhar Bharat Abhi...More
The Ministry of MSME, headed by Minister Narayan Rane, released the latest numbers of MSMEs registered under PM Modi’s Zero Defect, Zero Effect (ZED) Scheme which empowers MSMEs to manufacture goods w...More
For one of the World’s most populated countries to remain under lockdown and confine around 1.3 billion citizens to their homes for 21 days was a tough decision. Umpteen number of possibilities were b...More
At Growth Matters Forum, our aim has always been to build a community and bring business owners and professionals together to network with each other and share best practices to build and sustain a fu...More
Due to this global impact, many manufacturing and other companies has a serious financial crash and they are clueless about the future consequence of their companies. The global Small Business Marketi...More
All India Council of Associations (AICA) of MSMEs is seeking government intervention against the rising cost of raw materials. The increasing cost of raw materials is impacting MSMEs’ sustainability a...More
The MSME sector has been a vital part of the Indian economic landscape. Besides providing employment opportunities, the sector also helps industrialise rural areas, and supports the development of soc...More
Despite the challenges brought on by a global pandemic and the ensuing disruption, the MSME sector in India has continued to drive dynamism and exponential growth in the Indian economy. Celebrating th...More
India has secured the coveted milestone of digital payments worth ₹4 lakh crore a month in December 2020 due to the collective intent and concerted efforts from multiple corners. Indeed, the country's...More
At a recently concluded event of the Entrepreneurship Development Institute of India, MSME Minister Narayan Rane urged the Indian MSMEs to fill the gap left by closed factories in China. Many factorie...More
India’s MSME sector holds the key to the country’s inclusive and sustainable socio-economic recovery. Despite being walloped by pandemic-induced disruptions, the aspiration to 'Make in India’ and emer...More
MSME organizations are competing to survive in the rapidly evolving market. The global economic downturn makes survival tougher for smaller and family-owned businesses. Though these businesses may hav...More
The MSME sector in India has continued to drive dynamism and exponential growth in the Indian economy despite the challenges brought on by a global pandemic and the ensuing disruption. With the overar...More
Despite the insurmountable challenges brought on by a global pandemic and the ensuing disruption, the MSME sector in India has persevered and continued to drive dynamism in the Indian economy. The Dar...More
Despite the challenges brought on by a global pandemic and the ensuing disruption, the MSME sector in India has continued to drive dynamism and exponential growth in the Indian economy. The Dare2Dream...More
Over the past decade, the financial ecosystem has become unrecognisable in India. Just to set the context, consider this staggering statistic - In 2021, India recorded over 40 billion digital transact...More
In part 1 of the series, we saw how the Reserve Bank of India is recommending the government to rein in the fintech sector. In part two, we will see how MSMEs can overcome fintech hesitancy by going f...More
In one of the most sobering statistics that marred the already grim news cycles last year, the National Crime Records Bureau, Ministry of Home Affairs said that 20,000 vendors, traders and entrepreneu...More
In Part 1 of the series, we read about an inter-ministerial effort launched to improve energy efficiency among MSMEs. In this article, let's explore why it’s important for MSMEs to adopt clean tech.&n...More
Clean technology is not very popular among Indian MSMEs, it would seem. A first-of-its-kind 2018 study among 428 energy intensive MSMEs in 11 clusters across 8 states by independent agency the Council...More
Pradhan Mantri Mudra Yojana (PMMY) was set up by Prime Minister Narendra Modi in April 2015 to provide loans up to ₹10 lakh for MSMEs. 5.07 crore loans worth ₹ 3.21 lakh crore were sanctioned in FY21....More
The ordeals of the last 24 months have thrown normalcy out of gear, both in the social and economic context. In a closely contested marketplace, pandemic-induced disruptions have set the imperative of...More
The MSME sector in India has continued to drive dynamism and exponential growth in the Indian economy despite the challenges brought on by a global pandemic and the ensuing disruption. Highlighting st...More
Despite the challenges brought on by a global pandemic and the ensuing disruption, the MSME sector in India has continued to drive growth and dynamism in the Indian economy. The Dare2Dream Awards 2021...More
The MSME sector in India has continued to create growth and dynamism in the Indian economy despite the challenges brought on by a global pandemic and the resulting disruption. The coveted Dare2D...More
At the North East MSME Conclave held recently, MSME Minister Narayana Rane launched a new technology upgradation scheme for the services sector - the Special Capital Linked Credit Subsidy Scheme. &nbs...More
The MSME sector in India has continued to drive growth and dynamism in the Indian economy despite the challenges brought on by a global pandemic and the ensuing disruption. The coveted Dare2Dream Awar...More
US-headquartered internet giant Google through its Indian subsidiary Google India Pvt. Ltd. has partnered with the Small Industries Development Bank of India (SIDBI) to set up an INR 110 Crore (USD...More
When it comes to talking about IPO, all eyes this week on fintech giant Paytm - stock market watchers were left open-mouthed as investors in India’s pet decacorn (company that’s valued at more than US...More
When it comes to the ease of doing business, the landscape for MSMEs is fraught with the pitfalls and mazes of a large number of compliance procedures. While it is often assumed that MSMEs do not have...More
With 57% of the state strategically falling in the National Capital Region, it is little wonder that Haryana has a hand in steering all three sectors that power the Indian economy. Though more modest...More
In yet another example that reiterates the potency of e-commerce to drive small business growth, global digital marketplace eBay recently announced in its ‘India Small Online Business Trade Report’ th...More
There is little debate on whether or not the adoption of the latest technologies is necessary for the MSME universe. Nearly everyone agrees that the latest advancements in Artificial Intelligence (AI)...More
The draft e-commerce rules, framed by the Consumer Affairs Ministry in June this year to curb predatory practices and monopolistic tendencies of online marketplaces, has incited a hailstorm of critici...More
India’s independent audit regulator, the National Financial Reporting Authority (NFRA) is seeking public comments on its consultation paper ‘Statutory Audit and Auditing Standards for Micro, Small and...More
Union Commerce and Industry Minister Piyush Goyal recently reviewed the progress of the government’s ambitious Open Network Digital Commerce (ONDC) project, touted as the first-of-its-kind in the worl...More
Even as a continuous overhaul marked the fourth year of GST in India’s regulatory landscape, MSMEs still see scope for improvement in the way the tax regime affects the sector. With the Finance M...More
The numbers are pouring in from the most anticipated sales season of the year, and it's looking better than good. The Confederation of All India Traders (CAIT) reported that 2021 Diwali sales cro...More
In yet another collaboration to strengthen the capabilities of MSMEs to capture new markets beyond home shores, digital payments major PayPal has inked a Memorandum of Understanding with the Indian In...More
With a wide-ranging export basket comprising automobile manufacturing, electronics, chemical, textiles, Information Technology (IT), and IT-enabled Services (ITeS), it is little wonder that Tamil Nadu...More
Active government intervention to facilitate ease of doing business and sector-specific policy measures is making Uttar Pradesh an engine of growth for the MSME sector in India. In a recent inter...More
COVID-19 sent shockwaves across the intricate web of the global supply chain, already under strain from the US-China trade war. Repeated lockdowns to curb the rising infections set off a slew of catas...More
Mumbai Angels Network, a startup investment platform for early-stage venture investments, along with Huddle, Lumis Partners, and other investors from Nigeria, Malaysia, and the US, has invested $500,0...More
The government endeavors to make India a hub for manufacturing with programs like 'Make in India' and 'Ease of Doing Business'.In this regard, MAIT, along with other industry leaders, discussed ways t...More
There are more than 63 million MSMEs, which employ around 110 people and form a key pillar of the Indian economy. However, 99% of the companies remain micro in their life cycle. This sector is plagued...More
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