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MSME 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…
Read moreHow to Open a Merchant Account?
Posted on Wednesday, June 8th, 2022 |
In the past few years, there has been a change in the way we carry on our financial transactions. The demonetisation, subsequent COVID-19 pandemic and the payments infrastructure that India has built supported by the Unified Payments Interface or UPI are reasons why digital modes of payments include debit/credit cards, mobile wallets, and internet banking….
Read moreUnderstanding the Merchant Services provided by Banks
Posted on Monday, May 2nd, 2022 |
With the ever increasing adoption of electronic payments, it has become really important for businesses to have the necessary infrastructure to accept and process electronic payments from their customers. The sheer convenience of making payments electronically has made it so that many customers prefer making electronic payments and businesses that don’t provide these services, risk…
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