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Press ReleaseReasons Why You Should Use Current Account for Investment
Posted on Thursday, September 14th, 2023 |
In today’s dynamic business landscape, a current account is a vital tool for individuals, traders, and businesses. Its versatility and ease of access make it a great option for everyday transactions. However, have you ever thought about using a current account for investments? In this article, we will delve into the reasons why you should…
Read moreBenefits of having a high-balance current account
Posted on Wednesday, September 13th, 2023 |
A current account is a checking account that offers a high volume of transactions and services, designed for businesses and individuals who conduct high number of financial transactions daily. Some notable features of a current account are as follows: It provides regular, rapid and unrestricted access to money. It works like a savings account but…
Read moreHow to choose the Ideal current Accounts For Freelancers and Small Scale Businesses?
Posted on Tuesday, September 12th, 2023 |
With the Indian economy rapidly expanding and evolving, more individuals are turning to freelancing and self-employment as viable income options. As the gig economy rises, it has become essential for such professionals to manage their finances efficiently, since their income fluctuates and depends on the scope of the project. If you are a freelancer or…
Read more5 steps guide for trademarking your MSME business
Posted on Friday, September 8th, 2023 |
Whether you’re taking your first steps into the entrepreneurial world or already steering a business ship, the concept of branding should be firmly etched in your strategy. No longer reserved for corporate giants, branding is the cornerstone of modern business success, even for solo entrepreneurs. In this comprehensive guide, we’ll navigate the critical journey of…
Read moreEligibility criteria for MSME business loan
Posted on Friday, September 1st, 2023 |
As Micro, Small, and Medium Enterprises (MSMEs) continue to play a vital role in the economic growth of a nation, providing them with the right financial support is crucial. MSME loans have emerged as a lifeline for these businesses, enabling them to expand operations, invest in technology, and boost productivity. To avail these loans, it…
Read moreWhat are Tax Benefits for MSME?
Posted on Wednesday, July 26th, 2023 |
Micro, Small, and Medium Enterprises (MSME) play a crucial role in the Indian economy, contributing significantly to manufacturing output and export earnings. To support and promote the growth of the MSME sector, the Indian government provides various tax benefits. These tax incentives aim to reduce the tax burden on MSME, encourage entrepreneurship, and foster economic…
Read moreWhat are GST eWay Bills? Format, Importance & Benefits for MSME.
Posted on Tuesday, July 25th, 2023 |
As a carrier, issuing a waybill to transport goods is a standard procedure. It’s a document that contains vital information about the consignment, including the consignor, origin point, transporter, consignee, and destination. To comply with the Central Board of Indirect Taxes & Customs, this information must be uploaded to the Goods and Services Tax (GST)…
Read moreUnderstanding GST Rates for MSMEs
Posted on Monday, July 24th, 2023 |
India’s entrepreneurial landscape has witnessed a remarkable surge in recent years, with young businesses emerging as powerful contributors to the nation’s economic growth. The government’s focus on promoting and supporting Micro, Small, and Medium Enterprises (MSME) has played a pivotal role in fostering this entrepreneurial spirit. One key aspect that affects the financial health of…
Read moreDo MSME have to pay GST?
Posted on Friday, July 21st, 2023 |
For small businesses in India, understanding the intricacies of taxation is crucial. The Goods and Services Tax (GST) has been a significant reform in the country’s tax system, streamlining the taxation process and replacing multiple indirect taxes. However, the question arises: Do Micro, Small, and Medium Enterprises (MSME) have to pay GST? In this blog,…
Read moreHow to Craft a Business Plan for Your MSME Loan Application
Posted on Monday, July 17th, 2023 |
As an aspiring entrepreneur or a small business owner looking to expand your operations, securing a Micro, Small, and Medium Enterprises (MSME) loan can be a crucial step in fulfilling your ambitions. A well-structured business plan is the key to increasing your chances of obtaining the funding you need. In this blog, we will guide…
Read moreHow do business loans work for SMEs?
Posted on Thursday, July 13th, 2023 |
Small and Medium Enterprises (SMEs) play a vital role in driving economic growth and innovation. However, like any other business, SMEs often face financial challenges that can hinder their expansion and growth plans. In such situations, a well-structured business loan can serve as a lifeline, offering the much-needed capital to fuel business growth. In this…
Read moreMSME: What is Pradhan Mantri MUDRA Yojana (PMMY) Scheme
Posted on Tuesday, May 30th, 2023 |
In the dynamic landscape of India’s cut-throat competition, MSME or small businesses play a significant role in driving economic growth and fostering entrepreneurship. However, the journey of these enterprises is not without challenges, especially when it comes to securing adequate funds for sustenance and growth. Recognizing this crucial need, the Indian government introduced the Pradhan…
Read moreHow to get a loan for MSME
Posted on Monday, May 29th, 2023 |
Starting and running a successful MSME (Micro, Small and Medium Enterprises) business requires more than just a great idea. A crucial component of long-term success is managing finances effectively. Adequate financing is essential for a MSME business to sustain operations, invest in growth and stay ahead of the competition. However, despite the best efforts, sometimes…
Read moreTop 10 problems faced by MSME in India
Posted on Wednesday, December 21st, 2022 |
The MSME, or the micro, small and medium enterprises are vital constituents of the Indian industrial sector. They contribute significantly to the GDP and export earnings besides meeting the social objectives of developing backward areas, reducing regional disparities, and providing employment opportunities to millions of people across the country. Despite this, MSMEs in India suffer…
Read moreDo MSMEs need a GST number for Udyam certificate?
Posted on Friday, December 16th, 2022 |
For any business to be legally recognized as a supplier of goods and services, registration in the tax system is the most fundamental requirement. Without registration, you can neither collect tax from your customers, nor claim any input tax credit of the tax paid by your enterprise. As the name suggests, GST Registration is the…
Read moreDifference between NSIC & MSME
Posted on Thursday, December 15th, 2022 |
The Ministry of MSME has set up several departments to look after specific needs of upcoming and growing dynamic business needs of the micro, small & medium enterprises. The NSIC, or the National Small Industries Corporation Limited of the MSME Ministry caters to small-scale business in raw material procurement, product marketing, credit rating improvement, technology upgradation…
Read moreMSME Udyam Registration process and benefits: Step-by-step guide
Posted on Friday, December 9th, 2022 |
The MSMEs, or the Micro, Small, and Medium Enterprises play a vital role in the economic growth of the developing nations. In the last five decades, MSMEs have helped India reduce economic disparity, rural-urban divide, and regional imbalances. The Indian MSME sector produces over 6,000 different products, which account for 45% of all industrial jobs,…
Read moreMSME Guide: Which businesses fall under MSME, and which don’t. See full list!
Posted on Tuesday, December 6th, 2022 |
The MSME, or the micro, small and medium enterprises are considered the backbone of the Indian economy. The contribution of MSMEs in accelerating the economic growth of the nation has increased manifold in the last 5 years. In 2019-2020, the contribution of Indian MSMEs in the India’s GDP stood at a whopping 30 per cent….
Read moreA Guide to the MSMED Act in India
Posted on Friday, December 2nd, 2022 |
The MSME or Micro, Small, Medium Enterprises for long had demanded for a single comprehensive law which will ease the challenges for small businesses by easing rules and regulations. In addition, groups like the Abid Hussain Committee (1997) and the Study Group led by Dr. S.P. Gupta (2000) recommended creating a proper legal framework for…
Read moreA Driving Force to India’s Economic Growth: What are MSMEs?
Posted on Wednesday, November 30th, 2022 |
MSME, you might have heard it in the news or in a discussion with your colleagues – but what really are MSMEs? MSMEs are micro, small, and medium-sized businesses that work in the service industry or the production, processing, manufacturing, and preservation of goods. According to the provisions of Micro, Small & Medium Enterprises Development…
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