#Ownership structure of Micro Small and Medium Enterprises

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Ownership Structure of Micro, Small and Medium Enterprises (MSMEs)

In this article we will discuss about understanding the Ownership Structure of Micro, Small and Medium Enterprises (MSMEs) – Sole Proprietorship, Partnership, Limited Liability Company (LLC), Corporation, Cooperative Societies etc. Understanding the Ownership Structure of Micro, Small and Medium Enterprises (MSMEs) Ownership Structure of MSMEs – Understanding the ownership structure of Micro,…

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How to Cancel Udyam Registration Online: A Comprehensive Guide

Udyam Registration, formerly known as MSME (Micro, Small, and Medium Enterprises) Registration, is a crucial step for businesses in India to avail of various benefits provided by the government. However, circumstances may arise where you need to cancel Udyam Registration. This guide will walk you through the process of canceling Udyam Registration online, ensuring you understand each step clearly.

Understanding Udyam Registration

Before diving into the cancellation process, it’s important to understand what Udyam Registration is and why it might need to be canceled. Udyam Registration is a unique identification number given to businesses by the Ministry of Micro, Small, and Medium Enterprises (MSME). It offers numerous benefits, such as easier access to credit, subsidies, and government tenders.

However, there are scenarios where you might need to cancel this registration. These can include:

Business Closure: If your business is shutting down, you may need to cancel your Udyam Registration.

Change in Business Structure: If there’s a significant change in your business structure or ownership, the existing Udyam Registration might need to be canceled.

Duplicate Registrations: If you’ve accidentally registered more than once, you’ll need to cancel the duplicate entries.

Steps to Cancel Udyam Registration Online

1. Prepare Required Documents

Before starting the online cancellation process, gather the necessary documents. While the specific requirements might vary, generally you will need:

Udyam Registration Number: The unique ID assigned to your registration.

Business Details: Information such as the business name, address, and type of business.

Reason for Cancellation: A brief explanation for why you are requesting cancellation.

Email ID and Phone Number: The contact details associated with the  update Udyam Registration.

2. Access the Udyam Registration Portal

The Udyam Registration portal is the primary platform where you manage all aspects of your registration. Follow these steps to access it:

Visit the Udyam Registration Website: Go to the official Udyam Registration website.

Log In: Use your login credentials (such as the User ID and Password) to access your account. If you’ve forgotten your credentials, there is an option to recover them on the portal.

3. Locate the Cancellation Option

Once you’ve logged in:

Go to the Dashboard: After logging in, you’ll be directed to your account dashboard.

Find the Cancellation Option: Look for an option related to registration management or cancellation. This may be under sections like ‘My Profile,’ ‘Manage Registrations,’ or similar.

4. Initiate Cancellation Request

Click on the cancellation option and follow these steps:

Select the Registration: If you have multiple registrations, select the one you wish to cancel.

Provide Cancellation Details: Enter the reason for cancellation and any other required details.

Submit the Request: After filling in the necessary information, submit your cancellation request.

5. Confirm Cancellation

Once submitted, you will usually receive a confirmation email or message. This will include a reference number and details of the cancellation request.

Check Confirmation Email: Ensure you receive and verify the confirmation. If you do not receive it within a reasonable time, check your spam/junk folder or contact customer support.

Follow Up if Necessary: If there are any issues or delays, follow up with the Udyam Registration support team using the contact details provided on the portal.

6. Post-Cancellation Steps

After your cancellation request is processed:

Verify Cancellation: Check the portal or your email to confirm that your registration has been canceled.

Update Relevant Authorities: If needed, inform other relevant authorities or entities about the cancellation, especially if they rely on your Udyam Registration for business transactions or compliance.

Maintain Records: Keep records of the cancellation for future reference. This could be useful for auditing or legal purposes.

Common Issues and Troubleshooting

During the cancellation process, you may encounter some issues. Here are a few common ones and their solutions:

Forgotten Credentials: Use the recovery options on the Udyam portal to retrieve your User ID and Password.

No Cancellation Option Available: If you cannot find the cancellation option, check if your registration type or status allows for online cancellation. You may need to contact support.

Error in Submission: If there’s an error while submitting your cancellation request, ensure all required fields are correctly filled and try again.

Delayed Confirmation: If you haven’t received confirmation within the expected time frame, contact customer support for assistance.

Contact Information for Assistance

For issues or queries not resolved through the online portal, you can contact the Udyam Registration support team. Here’s how:

Customer Support Number: Call the dedicated helpline for Udyam Registration queries. The number is typically available on the Udyam portal.

Email Support: Send an email detailing your issue to the support address provided on the website.

Online Chat: Some portals offer live chat support for immediate assistance.

Conclusion

Canceling Udyam Registration online is a straightforward process if you follow the right steps. By preparing the necessary documents, navigating the Udyam portal, and correctly submitting your cancellation request, you can effectively manage the process. Always ensure to verify the cancellation and keep records for future reference. If any issues arise, utilize the support resources available to you.

[trueenewshub]

MSMECCII Concerts With Frost And Sullivan.

From Varanasi’s saris to Ludhiana’s hosiery to copper manufacturing in Yamunagar, Micro Small Medium Enterprises (MSMEs) is the backbone of the country yet they have not been able to match up to their potential.

Understanding the requirement of aid to this sector, Indrajit Ghosh-led MSMECCII has undertaken groundbreaking initiatives by organizing conferences and seminars on varied issues ranging from recycling of plastic, climate change, energy and sustainability.

It has conducted successful leadership conferences for MSME in Food and Beverage, Agriculture Jal Shakti and GST Education.

In July 2024, MSMECCII took a leap by collaborating with the American Transformational Growth Major, Frost & Sullivan laying down a unified agenda to leverage the MSME manufacturing units to compete with the global players.

Frost & Sullivan, the American Business Veterans will visit the MSME’s survey their structural activities and prepare an exhaustive report on the module by which the MSMEs can adopt specific global parameters to improve their manufacturing units in line with the global standards of operation.

International Business Startup and Entrepreneurs Association is also part of this association.

This training will aid the MSME owners to achieve an edge over other industries and enhance their work modules with pan-India customers particularly for their overseas customers.

Post completion of the training, the MSMEs will be provided with the Certificate of Achievement by MSMECCII and Frost & Sullivan.

Similar association and certification process will take place between World GREXPO Foundation & Frost & Sullivan for MSMEs in the Middle East to make their manufacturing units well-equipped as per global norms. MSMEs are corner stones for the Arab economy and contributes to about 90% of the economy hence this association comes as a major boost.

MSMECCII, GREXPO & Frost & Sullivan aims to place India’s most crucial sector on the world stage as equal players in knowledge, skillset, productivity and functionality.

India’s roughly 50 million MSMEs employ about 120 million people depicting the number of employees per firm. This gives an indicator of the size of the structural problem in the sector.

This robust network of MSMEs continue to face the most significant hurdle of access to finance, only 16% receiving funds.

Not only finance hurdle, MSMEs have faced tax issues, labour problems, poor infrastructure and technical hassles impacting their land ownership. An assimilation of factors led to reduced productivity of the most crucial sector of India, rather the backbone of the country.

The MSME sector is battling the 45-day payment rule quite hard and relaxation might not come easy.

On major lacuna of the industry pushing back the growth is absence of skillset. This was well identified by Frost and Sullivan as well as MSMECCII.

Indian MSMEs are far behind from skillset perspective compared to other counterparts in other countries. They are dependent on informal workers with limited technical know-how dampening the productivity forcing the small firms to hire low-skilled jobs rolling back long-term growth.

MSMECCII with the support of Frost & Sullivan will offer market research, data analytics growth strategy consulting and corporate training to the Indian MSMEs.

These MSMEs will range from varied industries like manufacturing FMCG plastic hardware and a whole range of manufacturing companies understanding the need of such structured training.

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Udyam Registration and Its Impact on Corporate Governance

Udyam Registration, an initiative by the Ministry of Micro, Small, and Medium Enterprises (MSME) in India, has revolutionized the landscape for small businesses by formalizing their operations. This digital registration system provides a unique identification number and a certificate to MSMEs, enabling them to access various government benefits and support schemes. Beyond these immediate benefits, Udyam Registration plays a significant role in enhancing corporate governance within the MSME sector. This article explores how Udyam Registration influences corporate governance practices, contributing to greater transparency, accountability, and overall business integrity.

Understanding Udyam Registration

Udyam Registration was introduced on July 1, 2020, replacing the earlier Udyog Aadhaar Memorandum (UAM). It simplifies the registration process for MSMEs, making it entirely online and paperless. The initiative aims to provide a unique identity to MSMEs, streamline access to government schemes, and ensure accurate data collection for better policy formulation. The registration process requires businesses to provide their Aadhaar, PAN, and GST details, facilitating a comprehensive digital database of registered enterprises.

Enhancing Transparency

One of the core principles of corporate governance is transparency. Udyam Registration promotes transparency by requiring MSMEs to disclose critical information about their business operations, financials, and ownership structures. This information is accessible to government agencies and financial institutions, fostering an environment where business practices are open and verifiable. Enhanced transparency builds trust among stakeholders, including investors, customers, and suppliers, as they can access reliable information about the registered MSMEs.

Promoting Accountability

Accountability is another fundamental aspect of corporate governance. Udyam Registration ensures that MSMEs are accountable for their business practices by formalizing their operations. Registered businesses are required to comply with various regulations and standards, making them more answerable to regulatory bodies and stakeholders. This accountability extends to financial reporting, where registered MSMEs must maintain accurate records and submit periodic financial statements. The formalization of businesses through Udyam Registration also means that they are subject to audits and inspections, further ensuring adherence to ethical business practices.

Facilitating Access to Financial Resources

Access to financial resources is critical for business growth and development. Udyam Registration plays a pivotal role in improving access to credit and financial services for MSMEs. Registered businesses are eligible for priority sector lending from banks, lower interest rates on loans, and collateral-free loans under schemes like the Credit Guarantee Fund Scheme. This access to financial resources enables MSMEs to invest in technology, infrastructure, and market expansion, fostering sustainable growth. Improved financial access also means that MSMEs can better manage their cash flows, reducing the risk of financial mismanagement and enhancing overall corporate governance.

Enabling Participation in Government Schemes

Government schemes and subsidies play a crucial role in supporting MSMEs. Udyam Registration makes businesses eligible for a range of government initiatives aimed at promoting innovation, technology adoption, and market competitiveness. These schemes include subsidies on patent registration, financial assistance for technology upgradation, and incentives for participating in trade fairs. Access to these schemes reduces operational costs for MSMEs and encourages them to adopt best practices and modern technologies. Participation in government schemes also requires compliance with specific criteria and standards, further promoting good corporate governance practices.

Strengthening Legal Compliance

Legal compliance is a cornerstone of corporate governance. Udyam Registration ensures that MSMEs comply with the regulatory requirements set forth by the MSMED Act and other relevant laws. Registered businesses are more likely to adhere to labor laws, environmental regulations, and tax obligations. Compliance with legal requirements not only protects MSMEs from legal penalties but also enhances their reputation and credibility. Moreover, the structured framework of Udyam Registration facilitates easier monitoring and enforcement of compliance, ensuring that MSMEs operate within the legal boundaries.

Encouraging Ethical Business Practices

Ethical business practices are integral to good corporate governance. Udyam Registration promotes ethical conduct by formalizing MSMEs and subjecting them to regulatory scrutiny. Registered businesses are expected to maintain high standards of integrity and fairness in their dealings with customers, employees, and other stakeholders. The formal registration process also discourages unethical practices such as underreporting income or avoiding taxes, as businesses are required to provide accurate financial and operational information. By fostering a culture of ethics and integrity, Udyam Registration helps MSMEs build a positive reputation and long-term trust with stakeholders.

Impact on Investor Confidence

Investor confidence is crucial for the growth and sustainability of businesses. Udyam Registration enhances investor confidence by providing a transparent and accountable framework for MSMEs. Investors are more likely to invest in businesses that are formally registered, as they can access reliable information about the company's financial health, ownership structure, and compliance status. The assurance of good corporate governance practices also reduces the perceived risk for investors, making MSMEs more attractive investment opportunities. Enhanced investor confidence translates into better access to capital, facilitating business expansion and innovation.

Improving Market Access

Market access is essential for business growth and competitiveness. Udyam Registration opens up new market opportunities for MSMEs by enabling them to participate in government procurement processes and international trade fairs. Registered businesses often receive preference in government tenders, providing them with opportunities to showcase their products and services to a broader audience. Improved market access not only boosts sales but also facilitates networking and collaboration with larger firms and global partners. By expanding their market reach, MSMEs can achieve sustainable growth and contribute significantly to economic development.

Conclusion

Udyam Registration has a profound impact on corporate governance within the MSME sector. By enhancing transparency, promoting accountability, facilitating access to financial resources, enabling participation in government schemes, strengthening legal compliance, and encouraging ethical business practices, Udyam Registration fosters a robust corporate governance framework. This framework not only supports the growth and development of MSMEs but also enhances their credibility, investor confidence, and market access. As MSMEs continue to navigate the challenges of the modern business landscape, Udyam Registration remains a critical tool in promoting good corporate governance and ensuring sustainable business success.

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Updating Udyam Registration Certificate Online in India

In the quick-paced international of enterprise, adaptability is prime to success. For businesses in India, the Udyam Registration Certificate serves as a testament to their legitimacy and recognition inside the Micro, Small, and Medium Enterprises (MSME) zone. However, as organizations evolve, so do their details. This article delves into the significance of updating Udyam Registration Certificate on-line in India, the stairs involved, and the benefits it brings to groups navigating the winds of alternate.

The Significance of Udyam Registration Certificate: A Symbol of Legitimacy

The Udyam Registration Certificate isn't simply a bit of paper; it's miles a symbol of legitimacy and acknowledgment from the Government of India. This report solidifies a enterprise's reputation as part of the MSME quarter, unlocking a myriad of advantages and guide mechanisms. However, as agencies grow, diversify, or undergo adjustments, it becomes essential to ensure that the information on the Udyam Registration Certificate appropriately displays the current scenario.

Why Update Udyam Registration Certificate?

1. Reflecting Changes in Business Operations:

Businesses are dynamic entities, and changes in operations, possession, or structure can also occur. Updating the Udyam Registration Certificate ensures that the information provided aligns with the current nation of the business, supplying accurate and updated info.

2. Compliance with Regulatory Requirements:

Regulatory landscapes may also evolve, and agencies want to live compliant with the ultra-modern requirements. Updating the Udyam Registration Certificate on line is a proactive step to make certain that the commercial enterprise adheres to the prevailing regulatory norms.

3. Facilitating Access to Benefits:

The Udyam Registration Certificate unlocks diverse blessings and guide mechanisms from the government. An up to date certificates guarantees that organizations can keep to access those advantages seamlessly, selling a conducive environment for increase.

The Online Updating Process: Streamlining the Journey

Updating the Udyam Registration Certificate on line is designed to be a straightforward system. Here are the important thing steps involved:

Visit the Udyam Registration Portal:

Begin through travelling the respectable Udyam Registration portal. This centralized platform serves because the gateway for all Udyam-related activities.

Login to the Portal:

Access the portal using the login credentials provided in the course of the preliminary registration method. This step guarantees secure get right of entry to, restricting adjustments to authorized individuals.

Navigate to the Update Section:

Within the portal, marketers can navigate to the phase particularly devoted to updating Udyam Registration details. This phase is designed to guide customers via the updating system.

Provide Updated Information:

Entrepreneurs will want to provide the updated data, which may additionally encompass changes in commercial enterprise operations, ownership info, or some other applicable changes. Accurate facts ensures that the Udyam Registration Certificate reflects the cutting-edge fame of the enterprise.

Verification and Confirmation:

Once the up to date information is submitted, the portal normally undergoes a verification procedure. This is to ensure the accuracy and authenticity of the provided details. Following a success verification, a affirmation is generated.

Access the Updated Certificate:

After the confirmation, marketers can get admission to the up to date Udyam Registration Certificate online. The certificate is commonly available in a digital format, making it convenient for printing or sharing as wanted.

Advantages of Online Updating: A Paradigm Shift

1. Real-Time Changes:

The online updating process allows for real-time adjustments to the Udyam Registration Certificate. This method that groups can directly replicate any adjustments, ensuring that the certificate is constantly contemporary.

2. Accessibility from Anywhere:

The online portal facilitates accessibility from anywhere with a web connection. This stage of convenience is especially useful for groups with diverse operational necessities and geographic locations.

3. Cost-Effective and Eco-Friendly:

Online updating eliminates the need for physical office work, postage, and guide processing. This not handiest makes the method greater value-powerful however also contributes to green practices, aligning with the global emphasis on sustainability.

Considerations After Updating: Navigating the Aftermath

1. Communication:

After updating the Udyam Registration Certificate, organizations ought to talk the changes internally and externally. This consists of informing personnel, providers, customers, and any regulatory bodies affected by the changes.

2. Record Keeping:

It's important for companies to maintain statistics of the updated Udyam Registration Certificate for destiny reference. Proper document-preserving guarantees easy retrieval when needed for compliance tests or different purposes.

3. Stay Informed:

Businesses have to live knowledgeable about any additional steps or necessities which could arise after updating the Udyam Registration Certificate. This consists of staying abreast of regulatory modifications and destiny updates from government government.

Conclusion: A Strategic Move for Business Growth

Updating the Udyam Registration Certificate online in India isn't always only a bureaucratic necessity; it's a strategic move for companies aiming for boom and adaptability. As India's commercial enterprise environment maintains to adapt, the flexibility supplied by using on line updating guarantees that corporations can seamlessly align their legit fame with their operational realities.

In essence, the capacity to update the Udyam Registration Certificate on-line reflects the government's commitment to facilitating ease of doing enterprise and supporting the dynamic nature of entrepreneurship. It's a device for companies to navigate alternate, stay compliant, and keep having access to the blessings that come with being a diagnosed part of the MSME zone. As businesses harness the benefits of on line updating, they position themselves for a future where adaptability is not only a necessity but a cornerstone of sustained success in the competitive panorama of Indian commercial enterprise.

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Start Small, Dream Big: MSME Registration In India With Companies Next

So, you’ve got a brilliant business idea, a burning entrepreneurial spirit, and a desire to make your mark in the Indian market. Congratulations! But before you dive headfirst into the exciting world of business ownership, there’s one crucial step: MSME registration.

Now, registering your business can seem like a daunting task, filled with paperwork and bureaucratic hurdles. But fear not, fellow entrepreneur! This is where Companies Next comes in, your one-stop shop for hassle-free MSME registration in India.

Why Register as an MSME?

The Micro, Small and Medium Enterprises (MSME) sector is the backbone of the Indian economy, contributing significantly to GDP and employment generation. Recognizing this, the government offers a plethora of benefits for registered MSMEs, including:

Tax benefits: Lower tax rates, exemptions, and subsidies.

Easy access to credit: Preferential loan rates and loan guarantees from banks and financial institutions.

Government tenders: Participation in government procurement programs.

Subsidies and grants: Financial assistance for technology upgradation, marketing, and skill development.

Companies Next: Your MSME Registration Partner

Companies Next is a leading online platform dedicated to simplifying business setup and compliance for entrepreneurs like you. They understand the challenges you face and offer a comprehensive range of services to make MSME registration a breeze:

Expert guidance: Their team of experienced professionals will guide you through the entire process, from choosing the right business structure to completing the required documentation.

Online platform: Their user-friendly platform allows you to register your MSME online, saving you time and effort.

Document assistance: They will help you prepare all the necessary documents, ensuring accuracy and completeness.

Post-registration support: They don’t abandon you after registration! They provide ongoing support for compliance, including GST registration, trademark registration, and annual filings.

The Companies Next Advantage

Affordability: Their services are competitively priced, making them accessible to entrepreneurs of all budgets.

Transparency: They maintain complete transparency throughout the process, keeping you informed at every step.

Convenience: Their online platform and expert support make the entire process convenient and hassle-free.

Reliability: They have a proven track record of successful MSME registrations, giving you peace of mind.

Ready to Take the Next Step?

With Companies Next by your side, registering your MSME in India doesn’t have to be a daunting task. So, stop waiting and start your entrepreneurial journey today! Head over to their website, www.companiesnext.com, or give them a call to discuss your business idea and get started on your path to success.

Remember, starting small doesn’t mean dreaming small. With the right support and the right registration, your MSME can be the next big thing in the Indian market. So, take the plunge, register with Companies Next, and watch your business dreams take flight!

Disclaimer: This blog post is for informational purposes only and does not constitute legal advice. Please consult with a qualified professional for your specific needs.

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MSME Registration Certificate: The Importance for Small Businesses

Small and medium-sized businesses (SMEs) are important for economic growth and employment creation in today's highly competitive business environment. The government of India has established various programs and benefits to provide them with the assistance and recognition they require. One of these essential documents is the MSME Registration Certificate. This recognition is vital for small enterprises. Let us discuss the significance of obtaining a Registration Certificate and its benefits.

Eligibility For The Udyog Aadhar Certificate

MSME is an acronym for Micro, Small, and Medium-Sized Enterprises. The Udyog Aadhar Certificate is a document issued by the government to identify and categorize a company as an MSME. The eligibility requirements for acquiring an Udyam Registration Certificate differ by country. However, small enterprises engaged in manufacturing, service, or trading activities with specific investment and turnover limits may apply. The certificate offers multiple benefits for MSMEs, allowing them to flourish in a competitive environment.

Required Documents for MSME Registration

Small businesses must submit various documents and details to apply for an MSME Registration Certificate. 

Aadhaar Card: The Aadhaar card, a unique identification number issued to Indian citizens, is frequently required of business owners and authorized signatories.

Permanent Account Number (PAN) Card: The Permanent Account Number (PAN) card issued by the tax authorities functions as identification and is required for business registration.

Address Proof: Typically, utility bills (electricity, water, or telephone) or rental/lease agreements are required to corroborate the registered address of a business.

Business Registration Certificate: If the business is registered as a partnership, LLP (Limited Liability Partnership), or corporation, the Partnership Deed, LLP Agreement, or Certificate of Incorporation is required.

Bank Account Details: Financial transactions and benefits necessitate providing bank account information, including the account number and IFSC code.

Evidence of Capital Investment: Proof of investment in plant and machinery or equipment may be required to ascertain the business's classification and eligibility for MSME registration.

GST Registration Certificate: If the company is enrolled under the Goods and Services Tax (GST) regime, it is typically required to submit the GST registration certificate.

Previous Financial Records: Some authorities may require the submission of audited financial statements, such as the Profit and Loss Statement and Balance Sheet from the previous fiscal year.

Ownership/Partnership Details: Documents establishing the business's ownership or partnership structure, such as the Memorandum of Association or Partnership Deed, may be required.

Additional Supporting Documents: Depending on the specific requirements, additional documents such as NOC (No Objection Certificate) from the proprietor, identity proofs of partners or directors, and any other pertinent licenses or registrations may be required.

The Significance Of The MSME Registration Certificate

Benefits and Programmes Availability

A valid registration certificate grants access to various government benefits and programs to MSMEs. These include financial support through loans, subsidies, tax exemptions, and reduced interest rates, which can substantially reduce operational costs and boost business profitability.

Funding for Priority Sectors

Financial institutions typically prioritize lending to registered MSMEs, making obtaining loans and working capital simpler. This favorable treatment permits small businesses to meet funding needs and expand their operations.

Support and Protection

The MSME Registration Certificate offers legal support and protection to small enterprises. It enables MSMEs to seek redress through platforms such as the Micro and Small Enterprises Facilitation Council if large corporations fail to make timely payments.

Contracts and Bids from the Government

Many government procurement policies mandate that a specific percentage of contracts be awarded to MSMEs. With the MSME Registration Certificate, small businesses can participate in government tenders and secure valuable contracts, opening up new avenues for development and stability.

Market Entry and Brand Management

The certificate imparts credibility to the company, instilling confidence in customers, suppliers, and business partners. Additionally, it facilitates participation in trade fairs, exhibitions, and buyer-seller meetings, thereby expanding market reach and fostering brand development.

Protection of Intellectual Property Rights

Intellectual property protection presents difficulties for these small and medium businesses. With an MSME Registration Certificate, businesses can use government support for IPR registration and enforcement, safeguarding their innovations and creative assets.

If you are looking to register yourself under this MSME scheme and get a MSME Registration Certificate, go to https://udyogaadhaaronline.com and get started now!

[mirzaexpert]

10 Easy Steps To Apply For An MSME Loan Online

 MSME Loans are otherwise called Micro-Small-and-Medium Enterprise loans. They are a gigantic assistance to independent ventures and business people. An MSME loan can be utilized for different business purposes like buying stock, updating hardware, extending the workplace space, paying compensation to staff and the sky's the limit from there.

 Today, applying for an MSME loan is simpler than at any other time. You should simply choose your favored moneylender, fill the internet based application structure, transfer supporting archives, and presto - the loan amount is credited to your bank account straightforwardly once the loan is approved. In this aid, we walk you through the means for applying for a MSME loan online.

How to apply for an MSME loan online? 

Step 1: Decide your lender. Before you apply for an MSME loan online, you have to finalize the lender. Make sure to compare the interest rates, eligibility criteria, features and other details of MSME loans offered by different lenders.

Step 2: Visit the official website of your chosen bank/NBFC. You can also start the loan application process online using Credit Mantri. 

Step 3: If you already have an account with the bank, use your login ID and password to log into your banking account. If you’re not an existing customer, you can still apply for an MSME loan, but you will have to first create an account with the bank/NBFC. 

Step 4: Navigate to the MSME loan section. Look for the online application form. Enter the required details. It includes your personal information, information about your business, income details, and other requirements. 

Step 5: Once you have filled in all the details, upload the supporting documentation online. Most lenders require you to provide KYC proof, proof of business ownership, ITR, profit-loss statements and business bank account details.

Step 6: Check if you have provided all the required information. Submit the application form online. 

Step 7: Once you submit the form, you will be provided with the application number. Make sure to note down this number for future communications with the lender. 

Step 8: The bank receives your loan application. Then, the loan officer will contact you to finalize the other details of the loan. 

Step 9: Depending upon the lender, you may be required to visit the nearest branch in-person to complete the loan formalities. However, most lenders today are 100% digital and do not require in-person visits for loan applications. 

Step 10: The bank verifies your documents and approves your loan, provided you meet the eligibility requirements. Once the loan is approved, the funds are disbursed to your bank account within the next few days. 

 Reference; 10 Easy Steps To Apply For An MSME Loan Online

[esglatestmarketnews]

Energy-as-a-service Market Procurement Intelligence, Best Practices, Engagement Model, Analysis Report, 2021-2027 | Grand View Research, Inc.

Due to growing complexities in energy technologies, customers from different sectors namely: Commercial, Institutional, and Industrial are moving towards outsourcing the service. Resilience, sustainability, and decarburization are also encouraging customers to move out from in-house development. Customers have cited their limited ability to focus on non-core capital expenditure and reluctance to engage in long-term contracts, though they are seeking quick ROI. Hence the suppliers are developing Energy-as-a-service (EaaS) solutions and offering unique financing options to meet client demand.

Energy-as-a-service is an appealing proposition for customers across large, medium, and small businesses. Across all customer segments, an EaaS deal enables customers to transfer risk, simplify operations, and focus on their core business while meeting their efficiency, sustainability, or resilience goals. Through EaaS, customers can also redirect CAPEX resources to critical areas of operation and realize potential immediate cash flow and off-balance-sheet treatment of the transaction.

Read report summary or request a free sample copy of the report “Energy-as-a-service Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2021 – 2027”

Demand Outlook

The global EaaS market was valued at USD 59.3 billion as of 2020 and is expected to grow at a CAGR of 8.9% over the forecasted period till 2027. An increase in Distributed Energy Resources (DER), tax benefits for energy efficiency projects, new revenue generation streams for utilities, and a decrease in the cost of renewable power generation and storage solutions are some of the factors driving the growth.

Europe is projected to remain as the largest regional segment for energy as a service, at a market share of 41.85% in 2028, owing to the presence of the intelligent building and building automation vendors in the utility and space. Key players in the region are inclined towards reducing costs for delivering services and enhancing the customer experience as per their needs. Asia Pacific is expected to witness the highest market growth due to the rise in large enterprises. For instance, in 2019, India had more than 300 proposed smart cities projects worth $2 billion.

Cost Drivers

The evolving energy landscape will become more complex as the cost to production comes down, the ability to generate makes a transition to micro levels, and products are serviced on digital platforms. End-users will opt for an aggregating agent to act as a single source point for all their energy-related needs. This will create opportunities for providers who can deliver a streamlined, cost-effective solution to clients, all for a fixed monthly payment.

Browse our other Reports:

Battery Cooling Plates Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2025 Biodiesel Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2021 – 2027

About us:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.

Our services include (not limited to):

· Market Intelligence involving - market size and forecast, growth factors, and driving trends

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Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions. Find More information @ https://www.grandviewresearch.com/pipeline

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[researchkenneth]

Global Yacht Market Size study, by Type (Super Yacht, Flybridge Yacht, Sport Yacht and Others), Length (Up to 20 Meters, 20-50 Meters and Above 50 Meters), Propulsion (Motor Yacht and Sailing Yacht) and Regional Forecasts 2020-2027

Global Yacht Market is valued approximately at USD 7.75 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.2% over the forecast period 2020-2027. Yacht is a large boat with sails i.e. tensile structure or a motor, used for pleasure, cruising, or racing. There has been increase in quality of life, leisure activities due to rise in per capita income. As people are earning better incomes globally, they tend to spend their part of money more in leisure and maintaining high living standards. Thus there is also rising preference of travelers for luxury tourism, personalized service, and exclusive traveling. For instance: According to ourworldindata.org data, in 2016 the average person in the world is 4.4-times richer than in 1950. According to International Monetary Fund (IMF), in 2019, average GDP per capita (PPP) of all of the countries of the world was $18,381Further, increasing investment in high-tech interiors and luxurious amenities by the manufacturers, Research & Development for onboard luxury accommodation along with maritime security systems, connectivity, and tracking are expected to drive Yacht market during the forecast period. For Instance: In October 2019, Sinot Yacht and architectural design unveiled world’s first hydrogen powered superyacht Aqua, at Monaco yacht show. However, high cost of ownership and increase in maintenance impedes the growth of the market over the forecast period of 2020-2027. Also, with the easy availability of a yacht on a rental basis, advancements in telematics and IoT platforms, the adoption & demand for Yacht is likely to increase.

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The regional analysis of global Yacht market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to increasing number of high net worth individuals (HNWI), the growing popularity of water sports & fishing activities and increasing number of trade shows. For instance: In July 2019, Rafael Nadal, the famous Spanish Tennis Player bought a custom 80-foot luxury yacht. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, improved standard of living and government initiatives to develop marine tourism such as the Swadesh Darshan Scheme and Incredible India would create lucrative growth prospects for the Yacht market across Asia-Pacific region.

Major market player included in this report are: Azimut Benetti S.p.A. Damen Shipyards Group Heesen Group The San Lorenzo S.p.a Sunseeker International Ferretti S.p.A. Alexander Marine International Co., Ltd. (AMI) Princess Yachts Limited Viking Yacht Company Horizon Yacht USA

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below: By Type: Super Yacht Flybridge Yacht Sport Yacht Others By Length: Up to 20 Meters 20-50 Meters Above 50 Meters By Propulsion: Motor Yacht Sailing Yacht By Region: North America U.S. Canada Europe UK Germany France Spain Italy ROE

Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018 Base year – 2019 Forecast period – 2020 to 2027

Target Audience of the Global Yacht Market in Market Study:

Key Consulting Companies & Advisors Large, medium-sized, and small enterprises Venture capitalists Value-Added Resellers (VARs) Third-party knowledge providers Investment bankers Investors

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook

Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook

Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook

Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Name: Kenneth research Email:sales@kennethresearch.com Phone: +1 313 462 0609

[udyamregister]

Updating Udyam Registration Using the Online Portal: A Comprehensive Guide

In the dynamic world of business, staying updated with relevant registrations and compliance is crucial. For micro, small, and medium enterprises (MSMEs) in India, the Udyam Registration is a key initiative that provides various benefits, including access to subsidies, loans, and other incentives. However, as your business evolves, you may need to update your Udyam Registration details to reflect changes accurately. This guide will walk you through the process of updating your Udyam Registration using the online portal, ensuring a smooth and hassle-free experience.

What is Udyam Registration?

Udyam re- Registration is an online system introduced by the Government of India to simplify the process for MSMEs to register themselves. It replaces the older Udyog Aadhaar system and aims to provide a single-window clearance for various MSME-related services. The registration process is free of charge and provides benefits like access to government subsidies, priority in government procurement, and easy access to credit from financial institutions.

Why Update Your Udyam Registration?

Updating your Udyam Registration is necessary when there are changes in the following aspects of your business:

Business Address: If you move to a new location.

Contact Details: Changes in phone numbers or email addresses.

Business Activities: Addition or modification of the products or services offered.

Ownership Details: Changes in the structure of the business or ownership.

Investment and Employment Details: Updates in the capital investment or number of employees.

Keeping your registration updated ensures that you continue to receive the benefits and subsidies that you are entitled to and helps avoid any compliance issues.

Steps to Update Udyam Registration Online

1. Access the Udyam Registration Portal

Visit the Official Website: Go to the Udyam Registration portal. This is the official platform for managing your Udyam Registration.

Login: Click on the "Login" button if you are already registered. You will need to enter your Udyam Registration Number and other required credentials to access your account.

2. Navigate to the Update Section

Dashboard Access: After logging in, you will be directed to your dashboard where you can see various options related to your registration.

Find the Update Option: Look for the "Update Registration" or similar option on the dashboard. This section allows you to make changes to your existing registration details.

3. Enter New Details

Business Information: Update any changes in your business name, address, or contact details. Ensure that the new details are accurate and match the supporting documents.

Ownership Details: Modify information regarding the ownership or structure of your business if there have been changes, such as a new partner or a change in the legal structure.

Business Activities: Add or remove business activities as necessary. For example, if you have expanded into new products or services, update this section to reflect those changes.

Investment and Employment: Update the information related to your capital investment and the number of employees. This is important for ensuring that you are classified correctly under the appropriate category of MSME.

4. Upload Supporting Documents

Document Upload: You may be required to upload supporting documents that verify the changes you have made. This could include a new lease agreement for a changed address, updated bank statements, or revised partnership agreements.

Document Formats: Ensure that the documents are in the required format and size as specified by the portal.

5. Review and Confirm

Review Details: Carefully review all the updated information to ensure its accuracy. Mistakes or incorrect information can lead to delays or issues with your registration.

Submit Changes: Once you are satisfied with the updates, submit the changes for review. The portal will process your request and update your registration details accordingly.

6. Acknowledgment and Verification

Acknowledgment Receipt: After submission, you will receive an acknowledgment receipt or reference number. Keep this for your records as it may be required for future reference.

Verification Process: The portal may conduct a verification process to ensure the accuracy of the updated information. This could involve cross-checking with the documents you have provided.

7. Follow-Up

Status Check: You can track the status of your update request through the portal. If there are any issues or additional information required, the portal will notify you.

Update Confirmation: Once the updates are processed and approved, you will receive a confirmation notification. Ensure that you download and keep the updated registration certificate for your records.

Additional Tips

Timeliness: Update your registration details promptly whenever there are changes to avoid any disruptions in accessing benefits.

Accuracy: Double-check all entries before submission to avoid errors that could delay the process.

Documentation: Ensure all supporting documents are up-to-date and correctly uploaded to avoid any verification issues.

Contact Support: If you encounter any difficulties during the process, contact the Udyam Registration support team for assistance.

Conclusion

Update  Udyam Registration through the online portal is a straightforward process if you follow the outlined steps carefully. By keeping your registration details current, you ensure that your business remains compliant and continues to enjoy the various benefits provided to MSMEs. Regular updates not only facilitate smoother operations but also enhance your business’s credibility and access to government schemes.

[prashanth123]

How to get MSME Registration in Bangalore?

MSME represents the Ministry of Micro, Small and Medium Enterprises. MSME Registration Certificate in Bangalore, MSME goes under miniature, little and medium estimated endeavors Therefore, with the assistance of different plans and sponsorships, The government of India advances MSME through the MSMED Act. Also, MSME enlistment is important to profit the advantages under the MSMED Act from the financial area, focal or state Government. MSME enlistment is basically a discretionary enrolment that gives Micro, Small and Medium estimated undertakings with different advantages like endowments and plans. MSME is ordered in two classes that are fabricating endeavors where the undertakings occupied with the creation or production of merchandise and administration ventures in which the endeavors occupied with the matter of giving or delivering of administrations or in basic words, it is characterized regarding interest in hardware. 

What are the advantages of enlisting your MSME? 

There are a few points of interest in enlisting your MSME. Best Consultant of MSME registration, here are the main 6 key advantages of MSME enlistment comes from the government side: 

·          First of all, when you do this you can get bank advances at much slower paces of revenue. Believe it or not, it can get to as low as 1 or 1.5 percent. As you would understand this is essentially not exactly the movement of interest material for repayment of ordinary business propels. 

·         You additionally get various expense refunds too. 

·         You additionally get credit offices for the least substitute expense (MAT). This can be taken up to a limit of 15 years rather than the ordinary furthest reaches of 10 years. 

·         As an MSME you likewise have the sole option to apply to various tenders gave by legislative organizations. 

·         You likewise have a very simpler admittance to credit. his way, you in like manner gets different concessions and limits that help you set up your industry or even perform business-related work, for instance, enrolling a patent. 

·       �� You would likewise improve inclination with regards to different endorsements and licenses given by the public authority. 

What are the records required for MSME enrollment? 

 1.     Aadhaar Card of business visionary is must require 

2.     Proprietorship PAN Card is must require, on the off chance that it is the sole ownership firm 

3.     Company PAN Card is must needed for Pvt Ltd/LLP/OPC/Partnership 

4.     Certificate of Incorporation (COI) of organization 

5.     Address evidence of business place 

6.     Bank subtleties (A/C Number, IFSC code) 

7.     Nature of the business 

8.     Investment of capital in the business 

9.     Number of representatives working in your association 

MSME enrollment measure 

Before     going to do enlistment of your undertaking, keep helpful the whole     above-said archives asides with you.

Make     an application online with the assistance of your Aadhaar number and Name     and produce OTP (recall that your portable number should be connected to     your Aadhaar).

Make     affirmation of OTP which has shipped off your versatile. It will be Direct     you to the Udyog Aadhaar Form.

Fill     the structure on the web, from 1 to 21 fields of MSME Registration Form,     and Snap-On Final Submit button. At that point, you will get the     enrollment declaration alongside your UAM (Udyog Aadhaar Memorandum)     number.

 How to Apply for MSME Registration in Bangalore?

Do you want to get an MSME registration service provider in Bangalore, Karnataka? then we are here to help you, we are the top company incorporation service provider in Bangalore. feel free to send your inquiry to info@consultry.in or feel free to contact: 7975187793 or visit https://www.consultry.in/

[phgq]

Enacting CREATE into law to help PH economy recover

#PHnews: Enacting CREATE into law to help PH economy recover

MANILA – Trade officials believe that the enactment of the CREATE bill into law will usher the country’s economic recovery next year.

Department of Trade and Industry (DTI) Secretary Ramon Lopez said that as the government will continue to implement its recovery plan next year, signing the CREATE bill into law is vital as this defines the country's future incentive regime.

On Wednesday, Lopez said the DTI believes that the CREATE law is a “big boost to attract foreign investors in the country”.

Many foreign investors have put their investment plans on hold as they are waiting for the final structure of incentives under the CREATE bill, he added.

“Our MSMEs will benefit the most from CREATE, as it provides for an immediate 10-percent reduction in the CIT (corporate income tax) rate, bringing it down to 20 percent from 30 percent at present,” Lopez said during the Manufacturing Summit 2020.

He added that the CREATE would also give income tax holiday of four to seven years to export and domestic enterprises in activities classified as critical industries and a 5-percent special corporate income tax rate (SCIT) based on gross income earned, in lieu of all national and local taxes for 10 years.

In the same virtual event, DTI Undersecretary Ceferino Rodolfo echoed that Senate Bill 1357 has removed the nationality and export bias of giving tax perks to investors.

Under Executive Order 226, the Board of Investments (BOI) is not allowed to provide incentives to foreign companies investing here to manufacture products to be sold to the domestic market.

“We should be able to incentivize those who are going to locate their facilities here regardless of ownership as long as (the) value add and the employment will be here in the Philippines,” Rodolfo said.

The CREATE, once enacted into law, will help in developing local supply chain networks, he added.

The CREATE will give incentives for companies that source their raw materials locally that would help to develop the local micro, small, and medium enterprises rather than importing the cheapest price of input components from any other place in the world.

Rodolfo added that coupled with Bayanihan to Recover as One or the Bayanihan 2, the administration’s tax reform program will help in the economic recovery amid the Covid-19 pandemic. (PNA)

***

References:

* Philippine News Agency. "Enacting CREATE into law to help PH economy recover." Philippine News Agency. https://www.pna.gov.ph/articles/1124311 (accessed December 10, 2020 at 04:31PM UTC+14).

* Philippine News Agency. "Enacting CREATE into law to help PH economy recover." Archive Today. https://archive.ph/?run=1&url=https://www.pna.gov.ph/articles/1124311 (archived).

[maximizegn1]

Global Document Case Management (DCM) Market

Global Document Case Management (DCM) Market was valued at USD xx Mn in 2019 and is expected to reach at USD xx Mn by 2027 at a CAGR of xx% over the forecast period 2020-2027.

Global Document Case Management (DCM) Market

The report covers an in-depth analysis of COVID-19 pandemic impact on Global Document Case Management (DCM) Market by region and on the key players revenue affected till July 2020 and expected short term and long-term impact on the market.

Global Document Case Management (DCM) Market Dynamics:

Document Case Management is also known as systematic or case management, which continuously aims to enhance the efficiency of the company. It is a blend of assessment, scheduling, facilitation, planning of treatment, evaluation and advocacy of resources and programmes to address the general health needs of individuals and families. The proper deployment of case management tools differs according to the various needs of end-users. The increasing demand for growing usage of speed internet, social media, smartphones for amongst businesses for accessing media and files from any system will play prominent role in the growth of Document Case Management (DCM) market. The driving factor in the market for document case management (DCM) is the growing need for connectivity of IT services and the rising number for virtual networking infrastructure solutions and services. DCM is also popularly used to improve collaboration and improve compliance processes. With the proliferation of Disease Management applications, organizations are in a need to monitor the version, protection, and data of the apps. DCM handles complex, unstructured processes and can be particularly effective in managing business processes that lack structure or added value. However, factors such as concerns pertaining to cost of Deployment, rising cyberattacks and high risk of data loss which in turn pose a restraint for the market growth over the forecast period.

Global Document Case Management (DCM) Market is segmented by Offering, by Deployment, industry vertical, and organization size, Application and by region. By Offering, Solution is anticipated to account for a major share during the forecast period in 2019 and is expected to keep its dominance over the forecast period owing to the increasing tablet and smartphone ownership along with enormous product growth. By Deployment, Cloud-based held the highest market share in 2019 due to the agile, smooth, scalable, and inexpensive characteristics, which was easily incorporated by different businesses in the corporate landscape. The growth of the Cloud-based applications is due to the penetration of internet-of-things applications. By industry vertical, IT and telecommunications segment held the highest market share in 2019 and is expected to keep its dominance over the forecast period due to the growing need for data centres used for transferring business functions from one to another. By organization size, large organization segment held the largest market share due to the large investments on requirements on the Document Case Management (DCM). By Application, Disease Management is the leading segment due to the growing management of applications, runtime, OSes, middleware, and data.

By geography, global Document Case Management (DCM) market is segmented into North America, APAC, Europe, MEA & Africa, and South Africa. Among these, North America held the highest market share of xx% in 2019 and is expected to keep its dominance over the forecast period owing to the growing demand across various end-user industries for advanced technology in this region. The service in the market in APAC is forecasted to expand a significant pace on account of the growing penetration of internet as well as digitization in countries such as India, China, Korea, etc.

Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger & acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.

The objective of the report is to present a comprehensive analysis of the Global Document Case Management (DCM) Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Document Case Management (DCM) Market dynamics, structure by analyzing the market segments and project Global Document Case Management (DCM) Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Document Case Management (DCM) Market the report investor’s guide.

For More Information Visit :https://www.maximizemarketresearch.com/market-report/global-document-case-management-dcm-market/74830/

Scope of Global Document Case Management (DCM) Market

Global Document Case Management (DCM) Market Segmentation by Offering

• Solution • Services Global Document Case Management (DCM) Market Segmentation by Deployment

• On-Premises • Cloud-based Global Document Case Management (DCM) Market Segmentation by Industry Vertical

• Education • Gaming • IT & Telecommunications • Government • Aerospace & Defense • Media & Entertainment • Automotive & Manufacturing • Energy & Utilities • Others Global Document Case Management (DCM) Market Segmentation by Organization Size

• Large Enterprises • Small Medium Enterprises Global Document Case Management (DCM) Market Segmentation by Application

• Disease Management • Case Management • Utilization Management • Others Global Document Case Management (DCM) Market Segmentation by Region

• North America • APAC • Europe • MEA& Africa • South Africa Global Document Case Management (DCM) Market Major Players

• Appian • Column Technologies • DST Systems • Eccentex • IBM Corporation • Isis Papyrus • Lexmark International, Inc. • Open Text Corporation • Creatio(formerly bpm’online) • Pegasystems • Dell • Newgen Software Technologies Limited • KOFAX INC • AINS • Pulpstream • MicroPact • Hyland Software, Inc.

This Report Is Submitted By : Maximize Market Research Company

Customization of the report:

Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

Contact info:

Name: Lumawant Godage

Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.

Email: sales@maximizemarketresearch.com

Address : Pune, Maharashtra 411051, India.

Contact: +919607195908      

[rdagade]

Global Human Resource Professional Services Market

Global Human Resource Professional Services Market was valued US$ 3.37 Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during the forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. Increasing demand for flexibility in accessing data about leaves, attendance, work schedule, and training modules is expected to boost global human resource professional services market growth. Furthermore, the opportunities of the global human resource professional services market are leading market players who are constantly engaged in updating and modifying their services to maintain competitiveness. Because of the lack of expertise in advanced technologies, while implementing the latest solutions and offerings, are expected to hinder the global human resource professional services market growth.

In terms of deployment, On-premise deployment is expected to remain the most broadly adopted method of deploying human resource professional services. The on-premise deployment method allows large-scale customization of products and services while increasing flexibility. Furthermore, on-premise helps in improving cost-efficiency in terms of the total cost of ownership and setting up a control center in an organization for coordinating and managing various tasks of human resource management. According to enterprise size, Small and medium enterprises are expected to emerge as the fastest-growing segment during the forecast period.

The number of small and medium enterprises operating in developing economies such as China, India, and Japan is increasing at a rapid pace and are increasingly implementing robust solutions to optimize their business capabilities. Region-wise, North America dominated the global market in terms of revenue. Growth of North America is attributed to the concentration of multiple providers of human resource professional services and solutions. Increasing the complexities of business operations because of the increasing workforce is encouraging companies to automate basic human resource operations.

The objective of the report is to present a comprehensive analysis of the Global Human Resource Professional Services Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Region.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Human Resource Professional Services Market dynamics, structure by analyzing the market segments and project the Global Human Resource Professional Services Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Human Resource Professional Services Market make the report investor’s guide.

For more information visit@ https://www.maximizemarketresearch.com/market-report/global-human-resource-professional-services-market/19880/

Scope

by Type:

• Core HR • Employee Collaboration & Engagement • Recruiting • Talent Management • Workforce Planning & Analytics • Others

by Deployment:

• Hosted • On-premise

by Enterprise Size:

• Large Enterprises • Small & Medium Enterprises

by End-user:

• Academia • BFSI • Government • Healthcare • IT & Telecom • Manufacturing • Retail • Others

by Region:

• North America • Europe • Middle East & Africa • Asia Pacific • Latin America

Key player’s

• ADP, Inc. • Oracle Corporation • SAP SE • Ultimate Software • Workday, Inc. • IBM Corporation • Kronos, Inc. • Skillsoft • Cornerstone on Demand, Inc

This report submitted by Maximize market Research Company

Customization of the report:

Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

Contact info:

Name: Lumawant Godage

Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.

Email: sales@maximizemarketresearch.com

Address: Omkar Heights, Sinhagad Road, Manik Baug, Vadgaon Bk,Pune, Maharashtra 411051, India.

Contact: +919607195908

[abujaihs-blog]

Revisiting FMBN’s informal sector and co-operative housing scheme

As access to mortgage continues to be an exclusive preserve of the privileged few in Nigeria, good initiatives that could ease access to the facility by low income earners and those in the informal sector of the economy should be encouraged by the government and its agencies. This is why there is need for the Federal Mortgage Bank of Nigeria (FMBN) to go back to its very inspiring and commendable ‘Informal Sector Co-operative Housing Scheme’ which was launched in Lagos a few years ago with the primary aim of bringing more people into the mortgage net. The scheme, also tagged ‘Affordable Home Ownership Through Co-operative Financing’, was launched as part of  the apex mortgage bank’s efforts at bridging the housing demand-supply gap  and giving the vast majority of  this economically-disadvantaged Nigerians, who constitute this sector, the opportunity to have decent and affordable housing. The informal sector in Nigeria comprises low income earners struggling to earn their daily living such as artisans, the road-side mechanics, the market traders, farmers and so on. Basically, these are individuals who do not wear suits, ties or polished shoes to work in air-conditioned offices, yet they contribute immensely to the national economy.  The National Housing Fund (NHF) scheme, whose operations are supervised by the FMBN, is accessible only to those in the formal sector, but by the launching of this new scheme, FMBN assured that Nigerians in the informal sector would be registered as bona fide contributors to NHF and become eligible for affordable loan to build, purchase or renovate residential accommodation. The bank explained  that the loan facility under the scheme could be accessed in one of two ways, namely Cooperative Housing Development Loan (CHDL) and the Cooperative Housing Funds Loans (CNL).

The CHDL enables a cooperative society that has acquired a plot of land to develop houses for allocation to its members. The parcel of land should have title in the name of the society which would act as the facilitator on behalf of its members and in the loan transaction and would also facilitate construction of the housing units. To qualify for this loan, the cooperative society must have been in existence for a minimum 12 months; the proposed estate must have good title that can be sub-leased to individual allottees/ purchasers of the housing units therein, and  the tenor for the loan shall be 24 months with a moratorium period of 12 months at an interest rate of 10 percent. CNL, on the other hand, offers individual cooperative members a mortgage loan to buy a house developed through the cooperative housing development loan or to renovate an existing one. Individual cooperator shall enjoy the housing loan at 6 percent interest rate repayable over a maximum period of 25years. Cooperators shall make a down payment of 15 percent of the approved selling price/value or improvement as their personal stake in the loan.” But like many things Nigerian, nothing is being said about the scheme at the moment after all the funfare at its launching. The federal government, at various times, has adopted strategic policies aimed at integrating the informal sector into mainstream national economy. Such policies include the promotion of small and medium scale enterprises (SMEs), directive to commercial banks to engage in rural banking , encouragement of micro- finance banking  among others. These policies are usually aimed at enhancing the contribution of the informal sector to the growth of Nigeria economy. Unconfirmed report indicates that the informal sector in Nigeria constitutes about  85 percent of the country’s total workforce. In terms of economic output and employment, the informal sector accounts for as high as 60 percent of  gross domestic product and about 70 percent  of total employment across all economic sectors. In other jurisdictions, the informal sector generates about 6.2 percent of aggregate employment in the United States, 22.3 percent in China, about 50 percent in Israel and 80 percent in India which means that given the needed support and regulatory frame work, the informal sector should be a major facilitator in fighting unemployment and poverty in Nigeria. But all these do not make any meaning to the government and that is why it is every man, mind your business. No structured policy that is targeted at growing this important component of the economy.

Amal Pepple,  the minister of housing at the time of the launch of the scheme described it as a significant step towards improving access to affordable housing to a good number of people who may not have the opportunity of owning a home, in their life time, unless they are assisted to do so. “It is important to resolve the housing challenges of this important segment of the population  who constitute about 60 percent of the productive labour force in urban areas; housing finance in Nigeria is encumbered; there is scarcity of long term funds for housing/mortgage finance; there is also unsatisfactory state of housing delivery which is accentuated by other factors such as high cost of land acquisition, difficulty  in obtaining land title, high cost of perfecting  legal processes and of building materials”, she noted. The minister noted further that the new product was remarkably different from the existing NHF; Estate Development Loans (EDL) for estate developers and the Cooperative Housing Development Loan (CHDL) which were for formal and private sector operators, adding that the new product had been designed  specifically with the informal sector operators in  mind to enable them to have access to cheap, reliable and affordable funds, with more relaxed condition for  access. As Nigeria settles in with the President Muhammadu Buhari administration and its next level agenda coupled with the good strides which FMBN is making in recent times, consideration should be given to moving the country’s mortgage system to a new level by improving both access and affordability. From all indications, this good scheme may have ended its journey at the launch, but Nigerians are still hoping that,in the spirit of economic diversification, the mortgage industry will be given attention. By Chuka Uroko Read the full article