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...
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,...
In India, the size of MSME sector is estimated to be 15,63,974 units. Out of all the total working enterprises present in India, the Micro Enterprises accounted to about 94.94%, followed by Small enterprises (4.89%) and Medium sized enterprises (0.17%). Of the total working enterprises there are about 67.10% of manufacturing enterprises and 32.90%...