News, updates, developments and information about Professional Micro and Small Enterprises in India
According to the survey conducted by Google India, about 57% of Indian SMEs have been using Internet for sales and for generating business leads. It was found that the absolute number of SMEs with an online presence is very low, when compared to the actual number of businesses in India. However, it was observed...
Micro Businesses play a very important role in ensuring the processes of economic growth. They are employment-friendly, generating more and more employment especially rural and urban areas and they contribute to greater regional balance in levels of development. According to Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, an organization will be called...
In our country, more than 24 crore people are living below poverty line. The reason may be low income, lack of investment capability, and lack of commercial approach. To change their lives Micro-credit is being provided to them to become self-employed and to start a small business. However, this is not sufficient; there must...
According to the MSME Report 2011 from ISED (Institute of Small Enterprises and Development) on the growth of MSME sector in India, the MSME sector needs a more practical long-term policy framework within the 12th Five Year Plan. The report says that, the present situation is very challenging; hence 12th Plan should concentrate on...
Internet search giant Google has revealed it will offer free websites to small and medium scale businesses across India. This move is expected to increase Internet usage in the country. It has also set a target of making five Lakh businesses online by 2014. India is home to about 870 million mobile phone users,...