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MSMED Act in India was enacted to set up a policy environment for the promotion and development of the MSME sector. This act allows emerging businesses to enjoy the benefits of MSME centric government schemes and policies to boost growth and profitability. The MSMED Act was initially incorporated in 2006, but has undergone changes over the years, for better classification of MSMEs in India based on turnover and investments made.
Last updated on: Jul 23, 2024
How is the MSME sector faring in India? What are the key challenges faced by MSMEs? Here is an overview of the Indian MSME sector, how it is recovering post the pandemic, what are the opportunities present for them, government initiatives undertaken to enable their growth, and more.
Last updated on: Jun 11, 2024
Do you wish to be an entrepreneur? Starting a new business does not always require huge investments. Here are some low investment business ideas for you to help you start your own MSME and run a profitable business.
Last updated on: May 21, 2024
Whether you want to borrow a business loan for your MSME/start-up or take a personal loan, your credit score determines your creditworthiness and bank’s willingness to offer you a loan. Read on to understand what is a good credit/CIBIL score for availing business loans, how you can improve your business’s financial health and credit score, and more to ensure finance is never an obstacle to growth.
Last updated on: Jun 21, 2023
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