A Comprehensive Guide to Shop and Establishment Act Registration
The shops and commercial establishments Act is enforced in every state, and from time to time, amendments are made. This Act provides for the regulation of conditions of work and employment in these establishments. The Labour Department of every state guides it. This is one of the oldest departments of the government carrying out
Key Benefits of MSME Registration for Indian Businesses
Micro, small, and medium enterprises, more known as MSME, are an important sector globally. Minor businesses that do not cross a turnover of Rs. 200 crores at maximum comes under this category. A huge part of our growing population is benefitted from these enterprises as they promised employment options at low-cost investment. Export production
Understanding Secured and Unsecured Loans: A Guide
The availability of credit facilities enables us to turn our dreams into reality. However, everything comes with a cost, and so do our desires and needs. The cost of turning them into reality comes in the form of debt. People need debt for numerous reasons, such as to go abroad for higher studies, to
Understanding the PLI Scheme for Automobiles and Auto Components
What is a PLI Scheme? Production Linked Incentive schemes (PLI), was introduced in March 2020. It is the sum of the government incentives that are linked to the manufacturing performance of companies. This scheme will help India is aiming for a position as a global manufacturing hub by improvising its local supply chain, downstream
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
