Post by: Renu Suresh in Business Startup
Micro and Small Enterprises Facilitation Council Micro and Small Enterprises Facilitation Council (MSEFC) was initiated by the respective state governments. It is commonly known as the ‘MSME Court.’ The MSEFC acts as an Arbitrator for settlement of any dispute regarding…
Post by: Arnold Thomas in Business Startup
District Industries Centres in Tamilnadu Micro Small and Medium Enterprises (MSME) in India plays a crucial role in providing mass employment opportunities to unemployed youth. Also helps in industrialising the rural and backward areas in the country by reducing the…
Post by: Arnold Thomas in Government Initiatives
Relief to Textile Sector & MSMEs To resolve the issues and challenges faced by the Textile sector and Micro, Small and Medium Enterprises (MSMEs), Union Minister for MSME, Shri. Nitin Gadkari pointed out the measures taken by the government to…
Post by: Sinduja Shankar in Business Startup
Trade Receivables Discounting System (TReDS) TReDS is a digital platform initiated by the Reserve Bank of India (RBI) for facilitating MSMEs by financing their trade receivables. It enables market making and discovery of competitive rates for invoice/exchange bills of MSME…
Post by: Bennisha in Business Startup
MSME Credit Facilitation Scheme The NSIC under the MSME Credit Facilitation Scheme has entered into a Memorandum of Understanding with several Nationalized and Private Sector Banks for credit support to MSMEs from banks without any cost to MSMEs. Moreover, the…
Post by: Bennisha in Business Startup
Procurement and Marketing Support Scheme Marketing is a strategic tool for the development of business as it is critical for the growth and survival of MSMEs. Due to insufficient information, scarcity of resources and unorganised ways of selling/ marketing, the…
Post by: Sinduja Shankar in MSME
MSME Samadhaan - Delayed Payment Monitoring System In India, the Ministry of Micro, Small, and Medium Enterprises (MSME) sector has been acknowledged as the backbone of the Indian economy and promotes equitable development for all. On 30th October 2017, the Ministry…
