Tenders are competitive bidding processes where organisations, including mostly governments and sometimes private companies, request proposals from vendors for specific goods or services.
Small Businesses lack information about availability of tenders, companies which float tenders, what’s required and expected out of them when participating in government tenders , how to be a successful bidder etc .
Blog 8- The first step in the process of manufacturing any product is acquiring the raw material and building inventories. The consistency in purchasing of raw material should not get hampered as this is going to impact the whole chain of operations of any industry.
In this blog of MSME TALK, we have talked about the Government’s “NSIC Raw Material Assistance Scheme” that will help to foster, promote, and aid the growth of the micro, small, and medium enterprises (MSME) in India by financing their raw material requirements.
Blog 7- What MSMEs have received from Budget 2023-24? MSMEs have played a key role in promoting entrepreneurship and fostering innovation in India. They have helped to create a culture of innovation and risk-taking, which has led to the emergence of new and innovative products and services in various sectors. Considering the same, Government has come up with various steps to promote MSMEs and startup in Budget 2023. MSMEs are critical to India’s economic growth and development, and the government has come up with various schemes for MSMEs from time to time to promote their growth and development. These…
Blog 6-Collateral Free Loans for Women Entrepreneurs Without access to financial resources, property or an adequate credit history, for many women entrepreneurs the bank used to be the edge of the road . And, there also, the loan used to get rejected because of lack of collateral. However, now the Government of India has devised various financial schemes to give our women the required financial push, that too without requiring any collateral. In this blog, we have discussed various loan options available for women entrepreneurs without mortgaging any collateral along with the age criteria, purpose of loans, and the banks…
Delayed payments are a direct detriment to the working capital cycles and cash flows of a businesses, which are key components of business profitability. In this blog, we have talked about various provisions of Micro, Small and Medium Enterprises Development Act, 2006’ and how these provisions protect the MSMEs from defaulting buyers, who clog up payments these enterprises.
In this blog we have talked about Jan Samarth Portal, a countrywide portal for government credit-linked programmes. This easily approachable one-stop digital portal connects several government credit initiatives. This MSME TALK blog provides you with an overview of what is Jan Samarth Portal, what are various schemes available under this portal, what is the eligibility to apply for these loans, Steps to Apply for Loan on Jan Samarth Portal, Process to Check Application Status on Jan Samarth Portal, documents Required for Applying on Jan Samarth Portal and how to Track your Business Loan Application
Blog 3- How to Sell your products and services to Government Organizations This MSME TALK blog provides you with an overview of what GOVERNMENT E-MARKETPLACE (GeM) is all about; the benefits it provides to buyers and sellers; how powerful it has proved to be for women led businesses to sell their products to government; how it has turned out to be a lucrative platform for the growth of startups and msmes; Who can be buyers and sellers on GeM; advantages of GeM as a buyer and seller; insights into relevant statistics such as number of buyers and sellers registered, procurement…
BLOG-2: Micro & Small Enterprises – Cluster Development Programme (MSE-CDP) In October 2007, the erstwhile cluster development scheme ‘Small Industries Cluster Development Programme (SICDP)’ was renamed as ‘Micro and Small Enterprises – Cluster Development Programme (MSE-CDP)’. The schemes comes under the Ministry of Micro, Small, and Medium Enterprises (MSME), Government of India (GoI). Also don’t miss msmetalk podcast for informative topics , on which we bring experts from the Industry to give value addition guidance to scaleup and build long lasting businesses. Micro & Small Enterprises – Cluster Development Programme (MSE-CDP) “Cluster” is the group of organizations or enterprises…
BLOG-1 Prime Minister’s Employment Generation Programme (PMEGP) Prime Minister’s Employment Generation Programme (PMEGP) is a credit-linked subsidy programme introduced by the government of India in 2008. PMEGP is a merger of two schemes, namely, Prime Minister’s Rojgar Yojna and Rural Employment Generation Programme. This program focuses on generating self-employment opportunities through micro-enterprise establishments in the non-farm sector by helping unemployed youth and traditional artisans. The Ministry of MSME administers the Prime Minister’s Employment Generation Programme (PMEGP). The PMEGP Scheme is being implemented by Khadi and Village Industries Commission (KVIC) at the national level. At the State level, the…
MSME Innovative Scheme was launched in 2022 by Ministry of MSME with an aim to promote and support untapped creativity of MSME sector by fostering innovation and providing vital support for concept development, design enhancement, and intellectual property protection.
With these three core components – Incubation, Design, and Intellectual Property Rights (IPR) – the scheme facilitates idea validation, product development, and legal assistance to bolster the competitiveness of MSMEs. To know more, read our blog.
Tenders are competitive bidding processes where organisations, including mostly governments and sometimes private companies, request proposals from vendors for specific goods or services.
Small Businesses lack information about availability of tenders, companies which float tenders, what’s required and expected out of them when participating in government tenders , how to be a successful bidder etc .
In this blog we have talked about Jan Samarth Portal, a countrywide portal for government credit-linked programmes. This easily approachable one-stop digital portal connects several government credit initiatives. This MSME TALK blog provides you with an overview of what is Jan Samarth Portal, what are various schemes available under this portal, what is the eligibility to apply for these loans, Steps to Apply for Loan on Jan Samarth Portal, Process to Check Application Status on Jan Samarth Portal, documents Required for Applying on Jan Samarth Portal and how to Track your Business Loan Application
