According to the Ministry of Micro, Small and Medium Enterprises (MSMEs), Government of India plans to launch a toll-free helpline for SMBs (small and medium businesses), which would offer assistance on issues like finance, taxation, marketing, laws, and other relevant topics.
The toll free number is the part of measures taken by Ministry of Micro, Small and Medium Enterprises to assist SMEs in their day to day operations, marketing, legal, finance and banking and taxation domains. As a part of its resolve to help SMEs, the GOI, has also planned to run a National Skill and Development Center (NSDC) to create an aggressive entrepreneurial ecosystem in India.
According to the IndiaMart.com, the Indian government has to minimize the red tapism, encourage single window clearance mechanisms rationalize tax regimes and adopt a proactive strategy aimed at education and evangelism for SMEs. It also stated that SME’s should be provided timely help, or else they will be at risk of a fall in exports, leading to the fall in GDP.
As Indian Internet user base is increasing greatly, small businesses should be ready to face the upcoming challenges. In this process, the SMEs should make use of the technology related solutions and assistance, provided by major IT companies, which are tailor-made for SMEs to increase revenues, help in business operations and creating relationships with customers and partners.
Source: Financial Express