Table of Contents Startup India Pradhan Mantri Mudra Yojana Women Entrepreneurship Platform (WEP) Stand-Up India Scheme A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship (ASPIRE) Credit Guarantee Trust Fund for Micro & Small Enterprises...
Table of Contents What is reverse dropshipping? How does reverse dropshipping work? Highlights of reverse dropshipping Advantages and disadvantages of reverse dropshipping Dropshipping vs reverse dropshipping You may know what dropshipping is. However, are you aware...
Do you know the difference between MSME loan and business loan? Do they seem same to you? However, they are not one and the same. There are quite a few differences between them. This article will explain what a business loan is, what a MSME loan is and difference...
Often, your logistics partner uses terms such as RTO shipment, instructed to RTO, etc. As a business owner, have you ever wondered what RTO is? The full form of RTO shipment is ‘Return To Origin’ shipment. This article will explain what RTO is, its impact on the...
Realising the fact that MSMEs are the backbone of the Indian economy, the government of India offers support to them in multiple ways. NSIC or National Small Industries Corporation was established to handhold and support emerging business throughout their journeys....
Do you want to know what is the better choice – galvanised steel or stainless steel? The answer is not that simple. It all depends on its application. Let’s see which kind of steel works better for your industry. This article will explain definition of...
Table of Contents What is procurement? What is logistics? Logistics vs procurement It is often considered by many that procurement is purchasing and logistics is limited to transportation. However, it is not entirely true. Logistics and procurement, both are the...
Bidding for tenders and winning contracts is one of the most promising ways to grow your business. However, participating in a tendering process is a tedious task. Since the list of requested information and documents is long, there is always a chance of missing out...
Being a small sized company comes with its own benefits and hurdles. A common MSME challenge is the inability to invest in infrastructure development and build facilities. This may restrict their growth. In such cases, the government encourages MSMEs cluster...
One of the major issues that MSMEs in India face is delayed payments. Even after completion of work, MSMEs are often not paid on time and that impacts the cashflow and overall business operations. Understanding this issue, in 2017 the Government of India established...
Do you know how the tender evaluation process works? Are you aware how a buyer opens each tender? Amidst many criteria, varied quotes and competition, there is a well-defined tender evaluation process. The tender evaluation committee follows guidelines for rejecting...
Table of Contents Introduction What is Udyam Registration? Who Can Register as an MSME? Who Can Apply for Udyam Registration? Documents You’ll Need to Register How to Register for Udyam (Step-by-Step) Why Registering Under Udyam Actually Matters Conclusion If your...
