#India MSME Market

[blueweave8]

India MSME Market Analysis, Demand, Forecast 2023-2030

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India MSME Market size by value at USD 17.98 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India MSME Market size to expand at a CAGR of 8.54% reaching a value of USD 22.54 billion by 2030. The MSME market in India is propelled by the increasing government's initiatives and policies aimed at boosting the MSME sector, the growing adoption of digitalization, and the sector's significant contribution to employment and GDP. Notably, the export potential of Indian products, the availability of funding and subsidies, and the rising domestic demand are crucial factors supporting this growth. Also, the lower capital requirements and extensive job opportunities in both urban and rural areas further propel the market expansion. Despite challenges like insufficient financing and organizational development, the government's support and various schemes, such as MSME Samadhaan, Udyog Aadhaar, and Mudra, provide a strong foundation for the sector's continued growth.

Opportunity – Rapid adoption of innovations and modern technologies

The Government of India aims to double the economy to USD 5 trillion within five years, with MSMEs playing a crucial role in achieving this target. To enhance MSME contributions to exports and GDP, the government is promoting the sector to create new job opportunities. However, the sector faces challenges such as inadequate technology-based production activities and low investment in R&D. To address these issues, the government should invest in back-end services and subsidize globally available technology to improve product quality. Collaborations with academic institutions are also essential to provide R&D services for product innovation, ensuring MSMEs become more competitive and technologically advanced.

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Growing Rural Markets

Micro-, Small-, and Medium-sized Enterprises (MSMEs) are instrumental in catalyzing economic growth in rural areas of India. These enterprises serve as engines of development, generating employment opportunities and driving entrepreneurship in rural communities. By establishing local businesses and production units, MSMEs contribute to the industrialization of rural regions, thereby reducing regional disparities. Moreover, MSMEs play a crucial role in catering to the unique demands of rural markets, offering products and services tailored to local needs. Through their presence and activities, MSMEs stimulate economic activity, empower local populations, and foster sustainable development in rural India.

Impact of Escalating Geopolitical Tensions on India MSME Market

Geopolitical tensions can have a multifaceted impact on the India MSME Market. Uncertainties and instability can disrupt supply chains, hamper export opportunities, and increase operational costs for MSMEs. Furthermore, strained international relations may affect market access and foreign investments, impacting the growth prospects of MSMEs. Heightened geopolitical risks may also deter investors and lenders, limiting access to capital for small and medium enterprises. To navigate these challenges, MSMEs need to diversify their markets, enhance resilience in their operations, and closely monitor geopolitical developments. Government support through policy interventions and diplomatic efforts is crucial to mitigate the adverse effects and sustain the growth momentum of India's MSME sector.

India MSME Market

Segmental Coverage

India MSME Market – By Industry

Based on industry, the India MSME Market is divided into Manufacturing (including Textiles, Food Processing, Chemicals); Services (IT, Tourism, Education, and Healthcare); and Trading (Wholesale and Retail Trade Business) segments. The services segment holds the highest share in the India MSME Market by industry. The services segment has witnessed significant growth due to the increasing demand for IT services, fueled by India's emergence as a global IT hub. Notably, the emphasis on quality education and healthcare services has led to substantial investments in these areas, further boosting the Services segment. Moreover, the Services sector is less capital-intensive compared to Manufacturing and Trading, making it more accessible for entrepreneurs and startups. Also, government policies and initiatives have focused on promoting the Services sector, contributing to its dominance in the MSME landscape. Overall, the Services segment's pivotal role in driving economic growth, innovation, and employment generation has solidified its position as the dominant force in the India MSME Market.

India MSME Market – By Region

Geographically, the India MSME Market is divided into North India, South India, East India, and West India regions. North India region holds the highest share in the India MSME Market. The National Capital Region (NCR), encompassing the entire National Capital Territory of Delhi (NCT Delhi) and parts of the States of Uttar Pradesh, Haryana, and Rajasthan, emerges as a dominant region in terms of MSMEs (Micro, Small, and Medium-sized Enterprises) in India. The NCR boasts approximately 85,648 micro and small-scale enterprises, with a total investment of INR 94,929 crore and employing over 900,000 people. The region's rich resource base, industrial development, large population, and vast consumer market have contributed to the significant growth of MSMEs. Additionally, the NCR has been recognized for its presence of informal sector activities and enterprises, providing abundant opportunities for self-employment to a large section of the population. The growth of MSMEs in the NCR is supported by various policies and schemes formulated by both the central government and the participating states within the NCR. For example, the Government of Haryana has implemented the 'Enterprises Promotion Policy-2015' and formulated the 'Mini Cluster Development Scheme' to foster the development of MSME clusters and common facility centers. Similarly, other participating states have devised interventions to promote the growth and development of MSMEs, contributing to the dominance of the NCR in the MSME sector.

Competitive Landscape

The India MSME Market is fragmented, with numerous players serving the market. The key players dominating the India MSME Market include Varroc Engineering, Orient Craft, Assam Carbon Products Ltd, Elkay Chemicals Private Ltd, Line O Matic Graphics Industries, Mohindra Fasteners Limited, Olimax Systems, and Minimac Systems. The key marketing strategies the players adopt are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

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[insightreportsunivdatos]

India MSME Payment Risk Management Solutions Market Trends and Forecast 2024-2032

India MSME Payment Risk Management Solutions refers to the sharing of technology that provides ease of payment solutions and reduces the chances of deferred payments. Micro Small and Medium Enterprises hold a sizable share in the GDP of the country. These enterprises apart from their high relevance often face difficulty in receiving payments and identifying certain fraudulent customers due to which the requirement for the companies offering various security and payment tracking services has become crucial. In order to address these issues certain centralized systems, blacklist systems, blockchain-based smart contracts, etc., are being implemented which would alleviate the cases of fraudulent activities and help MSMEs to operate smoothly.

According to the UnivDatos Market Insights Analysis, growing investments in the MSME sector will drive the Indian scenario of the “India MSME Payment Risk Management Solutions Market” report; the market was valued at USD 253.46 million in 2023, growing at a CAGR of 12.21 % during the forecast period from 2024 - 2032.

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MSME Payment Risk Management Solutions Market Overview in North India:

North India region has held a sizable market share in India MSME Payment Risk Management Solution Market. With the increasing number of MSMEs present in the region as well as a high number of investments of the central as well as the state governments towards offering loans to establish micro, small, and medium enterprises in the region the demand for payment-related solutions has extensively grown. Additionally, the region has also experienced a higher demand for e-commerce and manufacturing-related MSME payment solutions. Many of the leading states as Uttar Pradesh, Delhi NCR region, Haryana, etc., have planned to double their GDP in the next five to six years of which the centre of focus is the expansion of MSME industries especially in the manufacturing, e-commerce, and apparel industry.

Considering these shifts the demand for India MSME Payment Risk Management Solutions in the North India region would notably grow. Other regions as West India and South India have also shown significant growth in recent years with the MSME expansion and requirement for payment-related services.

Growing Demand and Industry Trends:

The adoption of blockchain and smart contracts is emerging as a trend among payment risk management solution providers. These technological changes have helped industries such as finance, supply chain, etc., to optimize their payment-related issues. Blockchain technology offers increased efficiency, transparency, and upgraded security solutions. Various benefits such as transparency and trust, enhanced security, increased efficiency, cost reduction, real-time settlement, automation process, etc.

The adoption of blockchain and smart contracts also offers automated payments and settlements once the material/goods are being shipped to the client. The blockchain technology also helps in providing decentralized credit score to the MSMEs to help make them informed decisions. Additionally, these technologies also help to enhance the security of payments.

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Future Prospects and Opportunities:

As the number of MSMEs in the country is increasing the need for robust centralized systems to identify the defaulters and improve the credit repayments by the customers.

Additionally, the requirement for various types of services such as payment tracking solutions, credit risk assessment tools, fraud detection and prevention software, debt collection solutions, etc., by the MSMEs the demand for payment risk management solutions has increased.

Additionally, with the rising government support in terms of regulatory and monetary assistance, the MSMEs in the country would exponentially grow in the coming years further promoting the need for payment risk management solutions. Furthermore, with the increasing number of MSMEs in the country as well as the increase in the sheer number of payments in the country through MSMEs the demand for reducing delayed payments both intentional and unintentional category would require robust solutions to reduce the payment-related issues.

Considering the changes the demand for MSME payment risk management solutions would further increase during the forecasted year i.e., 2024-2032.

For more information about this report visit- https://univdatos.com/report/india-msme-payment-risk-management-solution-market/

Conclusion:

In conclusion, the North India MSME Payment Risk Management Solutions market reflects a dynamic and evolving landscape supported by government investment, industry collaboration, and technological innovation. As the region continues strengthening its GDP growth through the development of MSMEs through extensive investment, regulatory support, and strategic partnerships, it is well-positioned to navigate challenges and capitalize on emerging opportunities in the debt collection industry. 

[townpostin]

Union Budget 2024 Is A Blueprint for Inclusive Growth: Bharat Vasani

Former SCCI official lauds focus on rural development and MSMEs Finance Minister’s proposals aim to boost eastern states and formalize labor market. JAMSHEDPUR – Local business leaders, including, Bharat Vasani, have generally lauded the union budged and have offered insights on the latest fiscal roadmap for India. The Union Budget 2024 has received a positive assessment from Bharat Vasani, a…

[thetaxguyin]

The Benefits of Registering Under MSME

Small and Medium Enterprises (SMEs) are the backbone of any economy. They contribute significantly to economic growth, job creation, and innovation. In recognition of their importance, governments around the world have introduced various measures to support and promote the growth of SMEs. One such measure is the registration under the Micro, Small, and Medium Enterprises (MSME) Act. In this blog…

[aifyit]

Unlocking the Potential of Corporate Lending in India: Trends and Challenges

Hey everyone! I'm excited to share my latest blog post on "Corporate Lending in India". Check it out on my website now and let me know your thoughts in the comments. #corporatelending #fintech

Corporate lending is an essential aspect of the Indian financial system, facilitating business growth and development. The Indian corporate lending market has witnessed significant changes in recent years, driven by factors such as increasing government spending on infrastructure, rising demand for credit from MSMEs, and the adoption of digital technologies. In this article, we will explore the…

[rajasthan-political-leader]

The Story of a Prosperous Rajasthan: Col Rajyavardhan Rathore’s Vision

Rajasthan, the land of majestic palaces, golden deserts, and vibrant culture, is scripting a new chapter in its history — a story of prosperity and growth. With strong leadership and a vision for the future, Col Rajyavardhan Rathore has been at the forefront of this transformation. His dedication to development, innovation, and inclusivity has laid the foundation for a thriving and self-reliant Rajasthan.

A Legacy of Resilience and Valor

Rajasthan’s journey toward prosperity is rooted in its rich history of courage and resilience. From the valor of Maharana Pratap to the sacrifices of its brave soldiers, the state has always stood tall in the face of challenges. Today, the same indomitable spirit is driving its march toward progress.

The Foundation of Prosperity

Cultural Wealth: Rajasthan’s heritage is not just a source of pride but also a driver of tourism and global recognition.

Natural Resources: With its vast solar potential and mineral reserves, Rajasthan is poised to become a leader in renewable energy and industry.

Col Rajyavardhan Rathore: A Leader Shaping Rajasthan’s Future

Col Rathore’s leadership embodies a unique blend of vision, strategy, and commitment. As an Olympian and Member of Parliament, he understands the importance of discipline and teamwork in achieving goals. His initiatives reflect a comprehensive approach to development, ensuring that every citizen benefits from the state’s growth.

Key Pillars of a Prosperous Rajasthan

1. Infrastructure Development

Rajasthan’s transformation begins with its backbone: infrastructure.

Roadways and Highways: Improved connectivity has opened up opportunities for trade and tourism.

Smart Cities: Urban areas like Jaipur, Udaipur, and Jodhpur are becoming hubs of modern living and economic activity.

Rural Development: Focus on electrification, water supply, and healthcare has improved the quality of life in villages.

2. Economic Empowerment

Col Rathore’s efforts have been instrumental in boosting Rajasthan’s economy.

MSME Growth: Policies aimed at empowering small and medium enterprises have created jobs and strengthened local industries.

Investment Attraction: Events like the Rising Rajasthan Global Investment Summit have brought in significant investments from global players.

3. Renewable Energy Revolution

Solar Power: With projects like the Bhadla Solar Park, Rajasthan is leading India’s renewable energy drive.

Green Jobs: Renewable energy projects are creating employment while ensuring sustainable growth.

4. Tourism as an Economic Driver

Rajasthan’s rich cultural heritage and natural beauty have been harnessed to boost tourism.

Eco-Tourism and Desert Safaris: Promoting sustainable tourism in regions like Jaisalmer and Ranthambore.

Infrastructure for Visitors: Improved facilities have enhanced the state’s global appeal.

5. Education and Skill Development

Quality Education: Initiatives to establish schools and colleges ensure access to quality education.

Skill Training: Programs to equip the youth with skills for emerging industries like IT, manufacturing, and tourism.

A Vision for Inclusive Growth

Col Rathore’s vision of prosperity is inclusive, ensuring that no region or community is left behind.

Women Empowerment: Schemes to provide education, healthcare, and financial independence to women.

Support for Farmers: Modern irrigation techniques, subsidies, and market access are transforming agriculture in the state.

Focus on Tribal and Rural Communities: Targeted programs are uplifting marginalized groups.

Challenges on the Path to Prosperity

Rajasthan’s transformation is not without challenges, including water scarcity, climate change, and rural poverty. However, proactive leadership and innovative solutions have ensured steady progress:

Water Management: Projects like the Eastern Rajasthan Canal Project aim to address water shortages.

Sustainability Initiatives: Emphasis on green energy and eco-friendly policies mitigates environmental concerns.

A Prosperous Future Awaits

The story of Rajasthan’s prosperity is one of courage, vision, and relentless effort. Under the leadership of Col Rajyavardhan Rathore, the state is embracing modernity while staying rooted in its heritage. With continued focus on infrastructure, education, and sustainable development, Rajasthan is not just a symbol of bravery but also a beacon of progress in India.

[reducersupply]

MS Eccentric Reducer Manufacturer in Delhi, India: Udhhyog

In industrial piping systems, proper flow control is essential for efficient operations. An MS eccentric reducer plays a critical role in this, ensuring smooth transitions between different pipe sizes while preventing fluid buildup. If you're looking for a reliable MS eccentric reducer manufacturer in Delhi, India, Udhhyog is the trusted name you can count on. We specialize in manufacturing high-quality MS eccentric reducers at competitive prices, making us the go-to supplier for businesses across various industries.

What is an MS Eccentric Reducer?

An MS eccentric reducer is a pipe fitting used to connect pipes of different diameters while maintaining an offset alignment. Unlike concentric reducers, where the centerlines of both pipes are aligned, an eccentric reducer has one side flat, which helps avoid fluid accumulation at the lower part of the pipe. This feature is especially useful in applications where liquid buildup could create blockages or inefficiencies.

Key Features and Benefits of MS Eccentric Reducers

Optimized Fluid Flow: By maintaining an offset alignment, MS eccentric reducers ensure smooth transitions between pipes while preventing fluid or gas pooling at the bottom of the pipeline.

Cost-Efficient Solution: Made from mild steel, these reducers offer a budget-friendly solution for industries that need reliable and durable pipe fittings.

Durability: MS eccentric reducers are highly durable, capable of withstanding high pressure, extreme temperatures, and corrosion when coated properly.

Ideal for Horizontal Piping Systems: The eccentric design is particularly beneficial in horizontal piping systems, as it prevents liquid from settling at the pipe's lowest point.

Versatile Applications: MS eccentric reducers are widely used across several industries, including oil and gas, water treatment, chemical processing, and HVAC systems.

Applications of MS Eccentric Reducers

Oil and Gas Pipelines: In industries where fluid buildup can cause issues, MS eccentric reducers are essential for maintaining efficient fluid flow.

Water Treatment Systems: These reducers ensure that water flows smoothly without pooling in pipelines, reducing the chances of blockages.

Chemical Processing: In chemical industries, MS eccentric reducers are crucial for preventing unwanted fluid accumulation in pipelines.

HVAC Systems: MS eccentric reducers play a vital role in balancing airflow in heating, ventilation, and air conditioning systems by ensuring a steady flow in ducts of different sizes.

Why Choose Udhhyog as Your MS Eccentric Reducer Manufacturer?

At Udhhyog, we take pride in being one of the leading MS eccentric reducer manufacturers in Delhi, India. Here’s why businesses trust us for their industrial steel product needs:

Top-Notch Manufacturing Process: We use advanced manufacturing techniques to ensure that all our products, including MS eccentric reducers, meet industry standards for durability and performance.

Competitive Pricing: As a leading manufacturer, we provide high-quality products at the lowest prices in the market, helping businesses reduce their procurement costs.

Customized Solutions: At Udhhyog, we offer customized solutions tailored to meet the specific needs of our clients, ensuring the perfect fit for your piping system.

Extensive Product Range: Apart from MS eccentric reducers, we offer a wide range of other pipe fittings, flanges, and valves, making Udhhyog a one-stop shop for all your industrial steel needs.

Timely Delivery Across India: Based in Delhi, we cater to businesses all over India, ensuring quick and reliable delivery of products to industrial hubs and MSMEs alike.

Buy MS Eccentric Reducers from Udhhyog

Whether you're in need of MS eccentric reducers for oil and gas, water treatment, or HVAC applications, Udhhyog offers the best quality at the lowest prices. Our dedication to quality manufacturing, combined with our customer-first approach, ensures that you get the best value for your investment. Contact Udhhyog today for more information on our MS eccentric reducers and other pipe fittings.

[udhhyog2]

Top 10 Suppliers of GI ERW Pipes in India

When it comes to sourcing GI ERW pipes (Galvanized Iron Electric Resistance Welded pipes), finding a reliable supplier is essential for ensuring quality and durability. Here are the top 10 suppliers of GI ERW pipes in India, known for their commitment to quality and customer satisfaction.

1. Udhhyog

Udhhyog is a leading supplier of GI ERW pipes in India, specializing in high-quality products from renowned manufacturers like Jindal. With a focus on competitive pricing and excellent customer service, Udhhyog caters to a diverse range of industrial needs.

Key Features:

Wide range of sizes and specifications.

Flexible credit terms for MSMEs.

Quick delivery and reliable service.

Website: Udhhyog

2. Jindal Steel and Power Ltd.

As one of India’s largest manufacturers, Jindal Steel and Power Ltd. produces high-quality GI ERW pipes that are widely used in various applications. Their strong market presence ensures a reliable supply chain.

Key Features:

Extensive product range.

Commitment to quality and sustainability.

Advanced manufacturing facilities.

3. Tata Steel

Tata Steel is a trusted name in the steel industry, offering high-quality GI ERW pipes known for their durability and strength. Their extensive network makes them a preferred supplier for many industries.

Key Features:

Strong emphasis on research and development.

Wide distribution network.

Customizable products.

4. Essar Steel

Essar Steel is recognized for its premium quality GI ERW pipes that meet international standards. Their focus on innovation and technology sets them apart in the competitive market.

Key Features:

High tensile strength pipes.

Advanced manufacturing processes.

Strong customer support.

5. ISMT Ltd.

ISMT Ltd. is a prominent supplier of GI ERW pipes, specializing in various industrial applications. Their commitment to quality and customer service has earned them a solid reputation.

Key Features:

Comprehensive product range.

Focus on customer-centric solutions.

Strong after-sales support.

6. Shree Steel India

Shree Steel India is known for its wide range of GI ERW pipes and fittings. Their competitive pricing and commitment to quality make them a popular choice among buyers.

Key Features:

Robust supply chain.

Customized solutions based on customer needs.

Quick delivery and logistics support.

7. Aparna Enterprises

Aparna Enterprises is a well-known supplier of GI ERW pipes, especially in the southern region of India. Their quality products and strong customer base make them a trusted partner.

Key Features:

Focus on quality control.

Diverse product offerings.

Excellent customer service.

8. Ranjit Pipes

Ranjit Pipes is recognized for providing high-quality GI ERW pipes at competitive prices. Their commitment to customer satisfaction has helped them build a loyal client base.

Key Features:

Wide variety of pipe sizes.

Strong distribution network.

Customer-friendly policies.

9. Ganga Enterprises

Ganga Enterprises specializes in GI ERW pipes and has a strong market presence. Their dedication to quality and reliability makes them a preferred choice for many industries.

Key Features:

Comprehensive inventory.

Focus on timely delivery.

Strong technical support.

10. Bansal Group

Bansal Group is a reputed supplier of GI ERW pipes with a focus on high-quality products. They cater to a variety of sectors, ensuring customer satisfaction through their service.

Key Features:

Experienced workforce.

Quality assurance processes.

Commitment to innovation.

[steelindustryman]

GI Flanges Manufacture in Chhattisgarh

Chhattisgarh, known for its mineral wealth and industrial potential, is making significant strides in the manufacturing of Galvanized Iron (GI) flanges. The state's industrial landscape is evolving, with a focus on enhancing its manufacturing capabilities to support the growing demand for GI flanges across various sectors, including construction, agriculture, and infrastructure development.

The process of manufacturing GI flanges in Chhattisgarh begins with the selection of high-quality steel, often sourced from local steel plants. The raw material undergoes various processes, including cutting, shaping, and galvanizing, to produce flanges that are durable and resistant to corrosion. Manufacturers employ advanced techniques and equipment to ensure that the flanges meet stringent quality standards required for industrial applications.

Chhattisgarh’s strategic location provides easy access to essential raw materials, which is a significant advantage for manufacturers. The presence of a well-developed transportation network further facilitates the efficient movement of goods, making it easier for manufacturers to distribute their products to markets across India. This logistical advantage is crucial in maintaining competitiveness and responding to market demands promptly.

The state government is actively promoting the growth of the MSME sector, offering incentives and support to local manufacturers. Various schemes aimed at enhancing infrastructure, providing financial assistance, and facilitating technology transfer are in place to help small and medium enterprises thrive. This supportive environment encourages entrepreneurs to invest in the manufacturing of GI flanges and expand their operations.

In recent years, the demand for GI flanges has surged due to increased infrastructure projects in Chhattisgarh. The state is witnessing significant investments in sectors such as construction, water supply,

[beardedgardenbluebird]

Understanding the Importance of Credit Ratings for SMEs, MSMEs, and Startups in India

In the ever-evolving landscape of the Indian economy, Small and Medium Enterprises (SMEs), Micro, Small and Medium Enterprises (MSMEs), and startups play a pivotal role. These entities not only drive innovation but also create significant employment opportunities and contribute extensively to the GDP. However, one of the fundamental challenges they face is access to capital. This is where the importance of a robust credit rating comes into play.

Why is Credit Rating Crucial?

1. Access to Finance: Credit ratings determine the creditworthiness of a business. A high credit rating reassures lenders of the lower risk involved in extending credit to the business. This can lead to easier access to loans, lower interest rates, and more favorable repayment terms. For SMEs, MSMEs, and startups, which typically face higher scrutiny from financial institutions, a good credit rating can open doors to essential funding.

2. Credibility with Suppliers: A strong credit rating not only helps in securing finance but also enhances the business's credibility in the eyes of suppliers. Companies with better credit ratings can negotiate better credit terms such as longer payment durations and bulk order discounts, which can significantly improve cash flow management.

3. Competitive Advantage: In a market teeming with competition, a good credit rating can serve as a badge of reliability and sound financial health. This can be particularly beneficial in tendering processes where the financial stability of a business is a key consideration.

4. Lower Borrowing Costs: Businesses with higher credit ratings can secure loans at lower interest rates. Lower borrowing costs mean that the business can invest more in its growth and development, improving profitability and sustainability over time. This is especially critical for SMEs, MSMEs, and startups, where financial leverage can determine market positioning and long-term success.

How to Improve Your Credit Rating?

Improving and maintaining a good credit rating requires a strategic approach, including timely repayment of loans, prudent financial management, maintaining a balanced debt-to-income ratio, and regular monitoring of credit reports for any discrepancies.

Need Expert Guidance?

Understanding the nuances of credit ratings and effectively managing them can be complex. This is where expert financial advisory services, such as those offered by Finnova Advisory, come into play. Finnova Advisory specializes in providing tailored financial solutions that cater specifically to the unique needs of SMEs, MSMEs, and startups in India. 

Whether you are looking to improve your credit score, secure funding, or streamline your financial strategies, connecting with the experts at Finnova Advisory can provide you with the insights and support you need to thrive in a competitive marketplace.

To learn more about how Finnova Advisory can assist your business in achieving financial excellence, visit their website or reach out directly for a personalized consultation. Remember, a robust credit rating is your gateway to not only securing finance but also establishing a strong foundation for your business's future growth and success.

[financemaster1]

Making Financial Transactions Effortless and Smart

From seeking quick loans to making international money transfers or even paying utility bills, these transactions have become an integral part of our routine. But what if there was a way to simplify these processes, making them not just effortless but also smart? Enter Muthoot FinCorp ONE, an all-in-one digital financial platform designed to revolutionize the way you handle your finances.

The Convenience You Deserve

At Muthoot FinCorp ONE, convenience isn’t just a promise; it's a commitment we live by. Muthoot FinCorp ONE gives you the ability to secure a Gold Loan swiftly, without any hassle, and from anywhere you prefer, be it the comfort of your home or at any of our 3600+ branches across India. With our quick doorstep service, you can have your Gold Loan sanctioned in as little as 30 minutes*. Plus, we offer competitive interest rates as low as 0.83%* per month and, as a cherry on top, a zero* processing fee. You can avail the Gold Loan at offered gold rates up to ₹4200/gm, making it a lucrative and hassle-free option for your financial needs.

Digital Gold and Beyond

We understand the importance of diversifying your portfolio, which is why we offer the opportunity to invest in Digital Gold. With an entry point as low as Re. 1, you can start your journey into gold investment, secured at 99.99% purity, and trade it at market prices, all stored safely and securely.

NCDs for a Secure Investment Future

For those seeking stability and high returns, our Non-Convertible Debentures (NCDs) present an excellent opportunity to build a robust investment portfolio. Starting with just Rs. 10,000, enjoy returns of up to 9.43%* with fast-tracked investments, high-yield, low-risk opportunities, and flexible tenure durations to suit your needs.

Simplified Forex Transactions

Navigating the complexities of foreign exchange transactions can be daunting, but not with Muthoot FinCorp ONE. Enjoy secure and reliable forex services with competitive exchange rates and guaranteed 24-hour* transfers. We also provide a buy-back guarantee, ensuring your peace of mind throughout the process.

Seamlessly Handle Payments and Recharges

From bill payments to recharges, Muthoot FinCorp ONE simplifies it all. Recharge your DTH or prepaid mobile, pay electricity, internet, or LPG gas cylinder bills instantly, or manage your financial services and taxes hassle-free—all with a few taps on our app. Moreover, pay your rent or vendors effortlessly, making the entire process quick, secure, and available 24x7.

Our commitment to making your financial life easier continues with the Muthoot FinCorp ONE app. It’s your gateway to effortless Gold Loans, Digital Gold investments, Forex transactions, and more, available whenever and wherever you need it. Expect regular updates, enhanced services, and an unwavering dedication to simplifying your financial journey.

Muthoot FinCorp ONE is not just about transactions; it's about transforming the way you interact with your finances. Experience ease, convenience, and reliability—all in one place.

At Muthoot FinCorp ONE, we're not just simplifying financial transactions; we are empowering you to make smarter choices, effortlessly. Join us and witness a new era of financial convenience and intelligence.

About Muthoot FinCorp ONE

Muthoot FinCorp ONE is an all-in-one digital financial platform that makes getting an MSME & a Gold Loan, investing in Digital gold & NCDs, making payments & remittances, buying insurance & exchanging forex, simple and convenient.

As an SBU of Muthoot FinCorp Limited, Muthoot FinCorp ONE is backed by a legacy stretching back over 135 years, and the trust of more than 1 crore customers and is building a holistic financial ecosystem using the latest digital products for lending, investing, protection and payments.

Muthoot FinCorp ONE continues to uphold the values of the parent, the Muthoot Pappachan Group (Muthoot Blue) by providing its customers with easily accessible services, replete with unmistakable quality. The Muthoot Pappachan Group is among India’s most reputed names in the financial services industry, with customers in diverse segments like Automotive industry, Financial Services, Hospitality, Alternate Energy, Real Estate, and Precious Metals.

So what are you waiting for? Head to the Play Store and download the Muthoot FinCorp ONE app. You can also visit the website today to know more.

Alternatively, you can also follow us on Facebook, Instagram, Twitter or LinkedIn to stay tuned to our latest offerings.

Chat on Whatsapp | Branch Locator | Email us - customercare@muthoot.com | Download App

[udyam-registration]

Unlock the Secrets of Udyam Registration for Partnership Firms

The Udyam Registration, previously known as Udyog Aadhaar Memorandum (UAM), has been a transformative initiative by the Indian government to support and empower micro, small, and medium-sized enterprises (MSMEs). For partnership firms, this registration offers a host of benefits and opportunities.

Update Udyam Certificate: One of the key advantages of Udyam Registration is the ability to Update Udyam Registration online. Business details may change over time, and this feature allows you to keep your registration accurate and up-to-date, reflecting the current state of your partnership firm.

Apply Online for Udyam Partnership Firm: The online application process for partnership firms is user-friendly and efficient. You can easily submit the necessary documents and information online, reducing the time and effort required for registration.

Online Enquiry for Udyam: The digital platform has simplified the process of making inquiries related to Udyam Registration. You can get information, clarification, and assistance regarding the registration process, making it easier to navigate.

Print UAM Registration Online: Once your partnership firm's Udyam Registration is approved, you can conveniently print your Udyam Certificate online. This certificate is not just a document; it's your ticket to a plethora of benefits and opportunities reserved for MSMEs.

Print Udyam Certificate: After successfully obtaining your Udyam Registration, you can print the Udyam Certificate, which serves as proof of your registration. Displaying this certificate can build trust among clients and partners, enhancing your firm's credibility.

Access to Government Schemes: Udyam Registration opens the door to various government schemes and incentives specifically designed for MSMEs. These schemes can provide financial assistance, subsidies, and priority in procurement, giving your partnership firm a competitive edge.

Financial Benefits: Banks and financial institutions often offer preferential treatment to Udyam-registered businesses. This includes easier access to credit facilities and lower interest rates, which can be advantageous for managing finances and expansion.

Global Opportunities: Udyam Registration can also pave the way for international collaborations and exports. Many foreign companies prefer to engage with Udyam-registered Indian businesses, offering the potential for global growth.

Simplified Compliance: Udyam Registration streamlines the compliance process by consolidating various government-related registrations into one. This reduces the administrative burden on your partnership firm.

Competitive Advantage: Displaying your Udyam Certificate on your website and marketing materials can enhance your firm's reputation and attract clients who prefer working with registered MSMEs.

Conclusion

Udyam Registration is a game-changer for partnership firms in India. It offers numerous benefits, ranging from financial advantages to global opportunities. By utilizing online services such as updating your Udyam Certificate, applying online, making online inquiries, and printing your Udyam Certificate, you can unlock the full potential of this registration and take your partnership firm to new heights of success. Don't miss out on the secrets of Udyam Registration; embrace them and witness the transformation in your business.

[everythingkashmir]

Escaping the Matrix

The reality is an illusion

By Faisul Yaseen

‘Khan News Agency’ just outside the Lambert Lane on the Residency Road in Srinagar, the summer capital of Jammu and Kashmir, used to employ seven persons. Today, Hilal Ahmad is the only one running the show.

“The customer flow used to be such that none of us could take a breather during the day,” Ahmad says. “Today, I sit idle, waiting all day for the customers to turn up.”

His business of selling newspapers, magazines, and other periodicals, has been hit with the growth of e-commerce in Kashmir.

“e-commerce is doing much more damage to small-time shopkeepers than the violence of three decades in Kashmir,” he says.

As the e-commerce industry is growing in Kashmir, it is eating away the business of Micro, Small and Medium Enterprises (MSME) like local departmental stores, bookshops, clothing and footwear stores, small traders, retailers, and hawkers while wholesale profit margins are getting squeezed.

In this new world order, how will the small businesses survive?

*****

Andrew Tate, a kickboxer-turned-online influencer was recently in the news when while being arrested he said, “The Matrix has attacked me.”

When Tate mentioned ‘The Matrix’, was he making a reference to the science fiction film franchise or was he talking about the new world order?

In one of his viral videos while referring to ‘The Matrix’, he says, “They want to control us. This is what people who are in charge ever wanted from the beginning, control. They want people to comply. And you have to put systems in place to ensure people comply.”

Are those systems the new business models? And are we the people complying with those systems?

Kashmir Chamber of Commerce and Industry (KCCI) President Javid Tenga says, “There is a need to support people who are losing their livelihood due to e-commerce.”

Tenga, who had shot a letter to the Union Civil Aviation Ministry and Director General of Civil Aviation (DGCA) to stop websites of various airlines from unilaterally raising airfares on Jammu and Kashmir route, says that the government needs to place restrictions on e-commerce of certain items to protect the interests of small traders.

Rescuing small businesses in a place like J&K assumes importance considering that at least 1.82 lakh youth who do not have any jobs are registered with the government.

*****

Chairman of PHD Chamber of Commerce and Industry (PHDCCI), Kashmir, Vicky Shaw says, “The dimensions of business are changing.”

He suggests small businesses to get associated with big companies and become their suppliers.

Shaw also recommends small traders to register their businesses on the Government of India’s Open Network Digital Commerce (ONDC) app for easy marketing of their products.

“People have to move on,” Shaw says.

Coordinator Directorate of Internal Quality Assurance (DIQA) of the University of Kashmir (KU), Aijaz Akbar Mir concurs with Shaw.

According to Mir, who specialises in Management and Organisational Behaviour, Human Resource Management, Human Resource Development and Industrial Relations, the small traders need to come up with “innovations” and “redesign” or “perish”.

“Change is important. What is relevant today may not be relevant tomorrow,” Mir says. “Small traders need to add more products and go for home delivery.”

Coordinator MBA Financial Management at KU’s School of Business Studies, Irshad Ahmad Malik questions whether small businesses were offering what customers want.

“They are not shifting to the alternate mechanism,” he says. “They also need to lure customers with discounts and go for hybrid mode of sales – both online and in store.”

*****

In a time of gloom at the shop fronts, is the government doing anything for helping the small businesses?

Director Industries and Commerce, Kashmir, Mahmood Ahmad Shah says, “There is nothing in the industrial policy. This comes under rehabilitation.”

However, Shah, who is also Director Handicrafts and Handloom, says that the government is incentivising e-commerce in the handicrafts sector.

When merchants, who usually fight with each other, feel an existential threat at the hands of the “common enemy” e-commerce, the role of the government and the quasi-government institutions like J&K Bank, which has for long been the lifeline of the local economy, becomes all the more important.

Editor of the J&K Bank and its Head of Internal Communication and Knowledge Management (IC&KM) Department, Sajjad Bazaz says, “It is all up to the business plan of the shopkeepers.”

He says that the loan limit given by the bank depends on the working capital.

“Many small traders have already started e-commerce but it only accounts for around 40 percent of the sales while 60 percent customers still visit the stores for a personal experience,” Bazaz says.

*****

In the 1999 Hollywood movie, ‘The Matrix’ that Tate makes references to, Morpheus, a rebel leader played by Laurence Fishburne tells the protagonist Neo, who is played by Keanu Reeves, “The Matrix is a system, Neo. That system is our enemy. But when you're inside, you look around, what do you see? Businessmen, teachers, lawyers, carpenters. The very minds of the people we are trying to save. But until we do, these people are still a part of that system and that makes them our enemy. You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it.”

Are we those hopelessly dependent people who are fighting to protect this world order?

In ‘The Matrix’ Morpheus gives Neo two options, “This is your last chance. After this, there is no turning back. You take the blue pill - the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill - you stay in Wonderland and I show you how deep the rabbit hole goes.”

Do we have options like Neo and what are those options?

Writer and speaker, Sofo Archon in ‘Escaping the Matrix: 8 Ways to Deprogram Yourself’ writes, “Think of the way most people live: They force themselves to wake up early in the morning, dress up, drive straight to some workplace, spend 8 hours or so doing work they hate, drive back home, surf the Internet or watch TV, and then go to sleep, only to repeat the same routine the next day for almost the rest of their lives.”

For escaping ‘The Matrix’, he suggests breaking the shackles of dogmas, stopping giving your power away to external authority, questioning the dominant economic system, detaching yourself from consumerism, being aware of the media, choosing food carefully, reading eye-opening books, and developing mindfulness.

Archon writes that habits, tradition, and dogmas have turned us into mindless automatons that follow a predetermined path that was forced upon us.

*****

Chairman J&K Hoteliers Club Mushtaq Chaya says that there is a need to change these habits and old traditions.

“Shopkeepers have to become smart,” he says. “The people who are making a fortune out of e-commerce are smart people who used to run small businesses like these shopkeepers.”

However, Chaya calls for extending all possible help to these small traders who are finding it difficult to jump the bandwagon of e-commerce.

Like Chaya, President of Chamber of Commerce and Industry, Kashmir (CCIK), Tariq Rashid Ghani also suggests extending a helping hand to the small businesses keeping in mind the past three decades of turmoil in J&K.

“The traditional shop-keeping has come to an end,” he says. “The government needs to promote local items.”

*****

Nikki Baird in her write up ‘Retail in the 2020s: The Death of Consumerism’ for the ‘Forbes’ writes that the consumers should become sensitive to environment footprints; repair and maintenance sector would grow; businesses should deliver experiences; and traders should rethink how their businesses are organised, rework brand strategies, and remodel stores.

On April 17 last year at the unveiling of a 108-foot tall statue of Hanuman in Morbi, Gujarat, Prime Minister Narendra Modi said: “At our homes, we should only use things made by our people. Imagine the number of people who will get employment due to this. We may like foreign-made goods but these things don’t have the feel of the hard work of our people. In the next 25 years, if we just use local products, there won’t be unemployment for our people.”

In times of brand junkies, in times when duds backed by rich parents go on to become entrepreneurs, extending an olive branch to the small traders would be a revolutionary act.

*****

Greek philosopher Plato in the ‘Allegory of the Cave’ in his work ‘Republic’ describes a group of people who have lived all their lives in a cave. Chained to pillars, they can only see shadows cast on the back wall by a fire burned behind them. These shadows are mere illusions. When one of these men breaks out, he discovers a new world. On returning to the cave, he tells the other men about the reality but they reject it and resent him because reality is an illusion for them and illusion a reality.

However, Friedrich Nietzsche in his book Twilight of the Idols argues that if this ‘reality’ was completely unknowable and beyond grasp, what use could it possibly be.

Sheikh Aijaz, who runs Gulshan Books store at the Residency Road in Srinagar, says that a new reality has already dawned as fewer people were turning up to purchase books at stores.

“Most people now order books from e-commerce sites,” says Aijaz who compensates for the loss of business at the store with ‘Gulshan Books Publishing House’, a vertical the family started years back.

The 17th century French philosopher Rene Descartes in his ‘Meditations on First Philosophy’ suggests that the entire human world is but a world of shadows orchestrated by a deceitful “evil genius”.

Not wanting to chase the shadows, millennials across the world may not be buying diamonds, ‘vocal for local’ may be the in thing in India, but are we ready for putting in an effort to make the change.

Do you want to take the blue pill, or do you want to take the red pill?

The choice is yours.

[techiesoft]

Technical Training

We Techiesoft Educational Services is a young, energetic company started in the year 2018 in the field of Sakill Development Training & Technical Training Education.

We provide training with Govt. of India Certificate. We got inspired from many entrepreneurs to start our business & thereby succeeded in inspiring our students to start their own venture. 

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All the courses available with us mostly focus on skill development & we induce our students to start their own business & thereby to provide better livelihood for all younsters.

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Currently, We focus on school dropped out, students, passed outs, people searching for job, people unhappy with current job & also those who shows interest towards starting their own business in our state and from different parts of our country. In long run, our vision is to contribute our services to the maximum level in achieving the vision of our nation.

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