Posts formsmes


Importance and Role of MSMEs in the Indian Economy

Finance - devadmin - July 19, 2023

Small and medium-sized enterprises (MSMEs) are the backbone of the Indian economy. They account for over 90% of all businesses in India and employ over 80% of the workforce. MSMEs play a vital role in the Indian economy by generating employment, promoting innovation, and driving economic growth. Generating Employment One…

Continue Reading

MSME Registration – Eligibility, Process, and Requirements

Finance - devadmin - July 12, 2023

MSME registration is an essential step for any business to legally commence its operations in India. The registration process is free, paperless, and based on self-declaration. It is categorized into two main types: manufacturing enterprises and service enterprises. Recently, the Union Cabinet, led by Prime Minister Narendra Modi, officially revised…

Continue Reading