Major MSME Sector Problems, Solutions, and Their Impact
As per the year 2014, the MSME sector of India has been able to increase its GDP share by 2.6%, which includes 18.7% exports and 10.2% imports. It generated direct employment for 8 million people and contributed a total turnover of US $192 billion (Indian Rupees). While there are many challenges ahead for both
Kerala Startup Mission: Objectives, Eligibility & Schemes
Introduction The Government of Kerala has been proactive in taking several initiatives to create a dynamic environment for start-ups. All such efforts have contributed to the growth of technology entrepreneurship fostered by innovation. There are many startups in Kerala focusing on future technologies and finding solutions in novel ways. The Kerala Startup Mission is
Kickstart Your Solar Energy Business in India Today
With the fearsome increase in the consumption of electricity, worldwide, the importance of sustainable sources has also increased. Both the central and the state governments of India have planned and laid out various schemes, offers, and techniques that encourage more and more people to indulge in the adaptation of solar energy. Moreover, it is
Understanding SFURTI Scheme: MSME Support and Application Guide
What is SFURTI Scheme? Scheme of Fund for Regeneration of Traditional Industries (SFURTI) is a scheme launched by the Government of India under the aegis of Ministry of MSME in 2005 with the intention to promote cluster development. The main objective of the programme is to make traditional industries that spread across the country
Why Lenders Reject Business Loan Applications: Key Factors to Avoid
Finance management in a small business is a tremendous task. Availability of liquid funds is paramount from starting a new business to maintaining cash flow in an existing one. This is why there are numerous options for a business loan in the market, some of these are specially curated for MSMEs. Of course, this
Detailed Guide to PM Kusum Scheme: Subsidy, Components & More
What is PM-KUSUM Scheme? The PM-KUSUM or Pradhan Mantri Kisan Urja Suraksha Utthan Mahabhiyan scheme is an initiative launched by the Government of India under the aegis of the Ministry of New and Renewable energy (MNRE) in 2019. The scheme’s objective is to provide assistance installing off-grid solar pumps on village land (rural areas)
