The Central government has launched a new portal called the Champions portal for Medium and Small Enterprises across the country. This scheme is an initiative of the Ministry of Micro, Small and Medium Enterprises to start a Grievance Management system. With this system in place, people running small and mediumRead More →
Ministry of micro, small, and medium enterprises (MSMEs), the Government of India, launched Scheme of Fund for Regeneration of Traditional Industries (SFURTI) in 2005 for promoting cluster development. The guidelines of SFURTI have been revised to merge the scheme with Scheme for Enhancing Productivity and Competitiveness of Khadi Industry andRead More →
For a developing economy to make it big in the international markets, trade is one of the largest avenues. In order to reduce the consumption of imported goods and rather encourage manufacturers across the nation to produce higher-quality goods that can be exported, the government initiated various schemes. One ofRead More →
The Government of India upscaled the Lean Manufacturing Competitiveness Scheme or the LMCS for Micro, Small and Medium Enterprises (MSMEs). This initiative saw the light of the day to reduce wastage in the manufacturing process and thereby enhance the global competitiveness in the MSME sector. What are the most possibleRead More →
During difficult times, smaller businesses end up facing a major brunt as their only means of income are damaged. Small and Medium Enterprises, during the whole lockdown crisis, have suffered exponentially. The government acknowledges that the Small and Medium Enterprises or the SMEs have endured massive financial losses lately andRead More →
An ISO certified Enterprise under the Ministry of Micro, Small and Medium Enterprises (MSME), the NSIC has been working closely with banks to develop small and medium businesses to achieve success in the market. How does the NSIC function? NSIC operates through various offices and technical centers peppered countrywide. ToRead More →