MSMEs | Page 5

Presenting the Union Budget 2022, Finance Minister Nirmala Sitharaman, made a slew of announcements for the startups in the country

The wealth of data that fintech is garnering will form the foundation on which fintech would build intelligent, intuitive and sharper solutions that find resonance in the market place quicker.

A lady who became a D2C florist, a serial entrepreneur who created something different from his competitors in the Electric Vehicle segment, a man who changed the way we see nutritional supplements, a person who has integrated Artificial Intelligence into the personal care space, a person who made an app that knows exactly what is […]

Cybercrimes in fact, have spiked during the 2020 pandemic, with the National Security Advisor reporting a rise of ~500% in cases.

A new generation of founders is rewriting the rules of business, and a new breed of commerce is challenging the status quo.

With the push of technology, small and medium businesses can make a significant contribution to India's economic recovery post the pandemic

The government in various forums has communicated and demonstrated that MSMEs are the backbone of the Indian economy

While the task at hand is a sizeable one, there are some things the government can do to accelerate the process

The MSME segment is virtually untapped and continue to struggle with access to credit and financial inclusion

Preference for local manufacturing of products especially in categories such as retail and consumer electronics is taking precedence over international brands

This partnership aims to provide small business owners and enterprises digital tools to help them do business at ease

The technology itself has evolved over the past decade to cater to the processing of structured and unstructured data at scale by leveraging ML-driven technology

These steps might appear basic, but in the current situation where distress and panic have taken over, there are chances a lot of MSMEs might miss out on them.

With adverse outcomes looming large on the economy, government intervention and relief measures are the need of the hour to minimise the damage being caused to industry, economy and livelihood of many.

According to a March 2020 LocalCircle survey, 6 per cent businesses believe that there should not be any maternity leave allowance

The funding will be used to rapidly scale-up the business, lending partnerships and market expansion in the coming financial year.

Some SMEs already use automated accounting software however they spend hours to make their software automate processes

In the Union Budget 2020, finance minister Nirmala Sitharaman announced that the turnover threshold for auditing will be raised from INR 1 crore to INR 5 crore for MSMEs who carry less than 5 per cent of their business transactions in cash

Finance minister Nirmala Sitharaman said start-ups "have emerged as engines of growth for our economy" and announced some key policies benefiting the community

The company aims to digitize 10 million MSMEs with this investment, helping Indian businesses grow by selling online worldwide

The accounting software automates the core calculations and administrative procedures and take control of the revenue framework so that businesses will not be required to outsource finance management