AI to transform financial management for Indian SMEs, MSMEs
Thes enterprises make up more than 60 million of them, contributing to over 30 per cent of the nation’s GDP and employ more than 110 million people.
Thes enterprises make up more than 60 million of them, contributing to over 30 per cent of the nation’s GDP and employ more than 110 million people.
While trying to understand how MSMEs can grow fast and create jobs – India’s foremost economic challenge we came across a remarkable example. Mr Jain, owner of an apparel firm from Mumbai turned a modest Rs 15 crore operation into a Rs 250-crore powerhouse in less than eight years.
In a significant step to give a boost to the startups, India and Australia collectively have invited applications from start-ups and MSMEs of both the countries.
This MoU will help MSMEs and emerging companies in the defence sector to scale-up their business operations, explore new markets and fund their R&D activities, it said.
He mentioned the importance of MSME related developments and their integration with the Global Value Chains.
Accusing Prime Minister Narendra Modi of systematic “bludgeoning” of micro, small and medium enterprises (MSMEs) and informal businesses, Congress leader Jairam Ramesh on Wednesday alleged the policies of his government proved an economic "catastrophe" for the country.
Khanna was addressing a two-day 'Uttar Pradesh MSME Conclave' organised by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) here on Wednesday.
The webinar was organised by the Ministry of Mines, and attended by more than 200 participants.
A total of 56 startups/MSME participated out of which 5 have been selected for funding a total of Rs 6 crore based on milestones.
Since its inception in 2000 till November 30, 2023, The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) has extended guarantees amounting to Rs 5,33,587 crore.
