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....
Are you aware of the licences required to start a business in India? You may be aware that starting a business requires various compliances and licences. In India, obtaining a business licence is dependent on factors like business’s size, kind, industry, and location....
What is an MSME? A rather frequently asked question considering the important role they play in the Indian economy. The meaning of MSME, however, has changed over the years. And considering the rise in the number of MSMEs in India, the new classification of MSMEs has...
Table of Contents MSME meaning What is Udyam? MSME vs Udyam registration Udyog Aadhaar vs Udyam How to register on Udyam? MSME registration and Udyam: Same or different If you are an Indian MSME business (Micro, Small, and Medium Enterprises) then you are likely to be...
Businesses depend on marketing strategies to sell their products and improve their revenue figures. The outbreak of COVID-19 changed the way businesses marketed and sold their products. Companies shifted to an e-Commerce model and digital marketing to capture...
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...
Table of Contents What are large scale industries Characteristics of large scale industries Examples of large-scale industries Advantages of large-scale industries Disadvantages of large-scale industries Role of large vs small scale industries Businesses can range...
Table of Contents What are small scale industries? Small scale businesses vs industries Characteristics of small scale industries Objectives of small scale industries Ideas for small scale businesses Role of small businesses in rural India How many small scale...
Table of contents: Introduction to NIC code What is a 4-digit NIC? NIC code list: Sections under NIC code 2008 How do I find my NIC code for Udyam Registration? NIC Code for MSME Registration NIC Code list for the Services Sector NIC Code list for the Manufacturing...
A strong business is one that can overcome any crisis and economic shock. While big businesses find it relatively easy to steer their operations through economic meltdowns, MSMEs often struggle to survive the crisis. Challenges faced by MSMEs in India are many....
If you are running a business, then you know that there is no fixed formula for success. There are different strategies that can be put into practice. So, what are the growth strategies of a company? There are several factors that can define growth for MSMEs. Having a...
Micro, Small and Medium Enterprises (MSME) sector in India is a crucial contributor to the economy providing employment to millions of people across the country. Small-scale industries of India witnessed a massive growth in the early 2000s and started growing to...
