Many Micro, Small, and Medium Enterprises (MSMEs) harbour the belief that the incentives and privileges available to them exist only on paper. They often have evidence and grievances to support this view. In this blog, we will explore the various benefits, incentives and privileges available to MSMEs, aiming to clarify the often misunderstood eligibility criteria. […]
The redefined role of MSME classification aims to boost business and entrepreneurship, recognizing them as the backbone of the economy. It is designed to promote entrepreneurship and self-employment in India. Here are the key features: 1. Promotion of local manufacturing: The government encourages local production and reduces dependence on imports through incentives and subsidies. This […]
Micro, Small, and Medium Enterprises (MSMEs) play a vital role in the growth and development of economies worldwide. In India, MSMEs are considered the backbone of the economy, contributing significantly to employment generation and industrial production. To promote and support these enterprises, the Indian government has implemented various policies and initiatives. Let’s explore the classification […]