#msme cluster

[stevetough]

Understanding the MSME Cluster Development Programme

The Micro, Small and Medium Enterprises (MSME) sector plays a vital role in the growth and development of the Indian economy. It contributes significantly to employment generation, exports, and industrialisation, particularly in rural areas. However, MSMEs face various challenges, such as limited access to finance, inadequate technology and infrastructure, and lack of market linkages, among others. To address these challenges, the government of India has launched several schemes and programs, including the MSME Cluster Development Programme (CDP).

The MSME CDP is an initiative of the Ministry of Micro, Small and Medium Enterprises, Government of India. The program aims to enhance the productivity and competitiveness of MSMEs by promoting the development of clusters. Clusters are groups of interconnected firms and related institutions in a particular geographical area that produce similar products or services. The MSME CDP provides support to clusters through the formation of cluster-level Special Purpose Vehicles (SPVs) and the implementation of various interventions aimed at improving their performance.

Objectives of the MSME CDP

The MSME CDP has several objectives aimed at improving the performance of MSMEs in clusters. These objectives include:

Improving the competitiveness of MSMEs: The program aims to enhance the competitiveness of MSMEs by improving their product quality, reducing costs, and increasing their access to markets.

Encouraging the development of innovative technologies: The MSME CDP encourages the development and adoption of innovative technologies to improve the productivity and competitiveness of MSMEs.

Promoting the creation of employment opportunities: The program aims to promote the creation of employment opportunities by supporting the growth of MSMEs in clusters.

Strengthening the backward and forward linkages of MSMEs: The MSME CDP aims to strengthen the backward and forward linkages of MSMEs by promoting the development of local supply chains, increasing the participation of MSMEs in global value chains, and enhancing their access to finance.

Implementation of the MSME CDP

The implementation of the MSME CDP involves the following steps:

Identification of potential clusters: The first step in the implementation of the MSME CDP is the identification of potential clusters. Clusters are identified based on various criteria, including the presence of a critical mass of MSMEs producing similar products or services, the presence of supporting infrastructure and institutions, and the potential for growth and development.

Formation of cluster-level special purpose vehicles (SPVs): Once potential clusters have been identified, cluster-level Special Purpose Vehicles (SPVs) are formed. These SPVs are responsible for implementing the various interventions under the MSME CDP, including conducting diagnostic studies, preparing action plans, and implementing the action plans.

Conduct of diagnostic studies and preparation of action plans: The next step in the implementation of the MSME CDP is the conduct of diagnostic studies to identify the strengths, weaknesses, opportunities, and threats of the clusters. Based on the findings of the diagnostic studies, action plans are prepared to address the identified issues and improve the performance of the clusters.

Implementation of the action plans: The final step in the implementation of the MSME CDP is the implementation of the action plans. The interventions under the action plans are designed to improve the competitiveness of MSMEs in the clusters, enhance their access to markets and finance, and promote the adoption of innovative technologies.

Benefits of the MSME CDP

The MSME CDP has several benefits for MSMEs in clusters. These benefits include:

Improved productivity and competitiveness of MSMEs: The MSME CDP interventions aimed at improving the productivity and competitiveness of MSMEs have resulted in improved product quality, reduced costs, and increased market share.

Creation of employment opportunities: The MSME CDP has led to the creation of employment opportunities by supporting the growth and development of MSMEs in clusters.

Strengthening of backward and forward linkages: The MSME CDP interventions aimed at strengthening the backward and forward linkages of MSMEs have resulted in the development of local supply chains, increased participation of MSMEs in global value chains, and enhanced access to finance.

Encouragement of innovation and technology upgradation: The MSME CDP encourages the adoption of innovative technologies to improve the productivity and competitiveness of MSMEs.

Challenges and the way forward

The MSME CDP faces several challenges, including:

Limited awareness and participation of MSMEs: Despite the benefits of the MSME CDP, many MSMEs are not aware of the program, and participation rates are low. There is a need to increase awareness among MSMEs about the program and its benefits.

Lack of adequate infrastructure and resources: Many MSME clusters lack adequate infrastructure and resources, which limit their growth and development. The government and other stakeholders need to provide adequate infrastructure and resources to MSME clusters to support their growth.

Need for sustained support from the government and other stakeholders: The MSME CDP requires sustained support from the government and other stakeholders to ensure its effectiveness and impact. There is a need to ensure that adequate resources are allocated to the program and that it is implemented effectively.

Importance of regular monitoring and evaluation: Regular monitoring and evaluation of the MSME CDP are essential to assess its impact and effectiveness. There is a need to establish a robust monitoring and evaluation framework to track the progress of the program and make necessary adjustments.

Disclaimer: Please note that the information provided in this article is intended for general informational purposes only and should not be construed as professional advice or relied upon as a substitute for consultation with qualified experts. The accuracy, completeness, and timeliness of the information presented in this article may vary and are based on the knowledge and resources available at the time of writing, which may not be comprehensive or up-to-date.

[steelindustryman]

GI Flanges Manufacture in Andhra Pradesh

Andhra Pradesh is emerging as a significant player in the manufacturing sector, especially in the production of Galvanized Iron (GI) flanges. The state's strategic location and robust industrial infrastructure have positioned it as a hub for various manufacturing activities, including the fabrication of GI flanges used in plumbing, piping, and structural applications.

The process of manufacturing GI flanges involves several critical steps, starting with the selection of high-quality raw materials. Local manufacturers often source steel from prominent steel producers to ensure the durability and strength of the flanges. The raw steel is then subjected to various processes, including cutting, shaping, and welding, to achieve the desired flange design and specifications.

Andhra Pradesh boasts several industrial estates and clusters that are specifically designed to promote manufacturing. These zones provide manufacturers with the necessary facilities and incentives to set up production units. The presence of skilled labor, along with technological advancements, plays a crucial role in enhancing the efficiency and quality of production. Manufacturers in the region utilize state-of-the-art machinery and techniques to produce GI flanges that meet national and international standards.

Furthermore, the government of Andhra Pradesh has been proactive in promoting the MSME (Micro, Small, and Medium Enterprises) sector, which includes companies engaged in the manufacture of GI flanges. Various schemes and financial incentives are available to assist small manufacturers in acquiring machinery, technology, and skilled labor. This support has contributed to the growth of the GI flange manufacturing sector in the state.

The demand for GI flanges has surged in recent years due to increased infrastructure development, including projects in construction, water supply, and irrigation. Andhra Pradesh's ongoing initiatives to enhance its industrial base and attract investments are likely to further stimulate the growth of GI flange manufacturing in the state. With a focus on quality, efficiency, and innovation, manufacturers in Andhra Pradesh are poised to meet the rising demand for GI flanges in domestic and international markets.

[news365timesindia]

[ad_1] A high-level delegation led by Mr. Frank Muller-Rosentritt (Member of Parliament, Free Democratic Party, Germany) and Dr. Carsten Klein (Head, Regional Office, FNF South Asia), along with Mr. Frank Hoffmann (Regional Project Manager) and Mr. Himanshu Chawla (Regional Communication and Program Manager), visited MSMEs in Delhi to gain insights into the functioning of Indias Micro, Small, and Medium Enterprises (MSMEs). The team, representing the Friedrich Naumann Foundation (FNF) South Asia, appreciated the contributions of Indian MSMEs to the nations economy and explored their potential for future growth.During the visit, the FNF team interacted with MSME owners and operators, acquiring a deeper understanding of the challenges these enterprises face and the opportunities that exist within the sector. The delegation acknowledged the critical role MSMEs play in driving economic growth and creating employment in India. Discussions focused on how these businesses could continue to develop, ensuring sustainable growth in the years to come.The Foundation for MSME Clusters (FMC), a public trust established in 2005, facilitated the visit. FMC has been working for nearly two decades to enhance resource efficiency and promote the use of sustainable materials across various MSME clusters in India. Some of FMCs key achievements include:Reducing 41,000 tonnes of CO2 emissions annually in foundry clusters.Establishing paving block enterprises that consumed 163,000 tonnes of foundry slag.Replacing 1,800 tonnes of unsustainable materials with bamboo in bamboo clusters.These projects have received support from national and international donors, including the European Union, SIDBI (Small Industries Development Bank of India), and the Yes Foundation. FMC is currently working on multiple projects in the Panipat recycled textile cluster, focusing on resource efficiency and traceability, supported by HSBC, DANIDA, SIDBI, and the European Union.Friedrich Neumann Foundation (FNF) has been a long-standing partner of FMC, supporting its work in promoting sustainability and resource efficiency within MSME clusters. The recent visit allowed the FNF delegation to witness firsthand the operations of Indian MSMEs and gain valuable insights into the sectors vital role in Indias industrial landscape.About FNFThe Friedrich Naumann Foundation for Freedom operates in over 60 countries worldwide, with offices in India, Pakistan, and Sri Lanka. FNF promotes civic education, training, and the exchange of ideas in the areas of economic freedom, human rights, urban governance, and digital transformation. In South Asia, FNF collaborates with partners in Bangladesh, Bhutan, and Nepal, supporting both country-specific and regional programs.For more information, please visit website www.fmc.org.in. [ad_2] Source link

[news365times]

[ad_1] A high-level delegation led by Mr. Frank Muller-Rosentritt (Member of Parliament, Free Democratic Party, Germany) and Dr. Carsten Klein (Head, Regional Office, FNF South Asia), along with Mr. Frank Hoffmann (Regional Project Manager) and Mr. Himanshu Chawla (Regional Communication and Program Manager), visited MSMEs in Delhi to gain insights into the functioning of Indias Micro, Small, and Medium Enterprises (MSMEs). The team, representing the Friedrich Naumann Foundation (FNF) South Asia, appreciated the contributions of Indian MSMEs to the nations economy and explored their potential for future growth.During the visit, the FNF team interacted with MSME owners and operators, acquiring a deeper understanding of the challenges these enterprises face and the opportunities that exist within the sector. The delegation acknowledged the critical role MSMEs play in driving economic growth and creating employment in India. Discussions focused on how these businesses could continue to develop, ensuring sustainable growth in the years to come.The Foundation for MSME Clusters (FMC), a public trust established in 2005, facilitated the visit. FMC has been working for nearly two decades to enhance resource efficiency and promote the use of sustainable materials across various MSME clusters in India. Some of FMCs key achievements include:Reducing 41,000 tonnes of CO2 emissions annually in foundry clusters.Establishing paving block enterprises that consumed 163,000 tonnes of foundry slag.Replacing 1,800 tonnes of unsustainable materials with bamboo in bamboo clusters.These projects have received support from national and international donors, including the European Union, SIDBI (Small Industries Development Bank of India), and the Yes Foundation. FMC is currently working on multiple projects in the Panipat recycled textile cluster, focusing on resource efficiency and traceability, supported by HSBC, DANIDA, SIDBI, and the European Union.Friedrich Neumann Foundation (FNF) has been a long-standing partner of FMC, supporting its work in promoting sustainability and resource efficiency within MSME clusters. The recent visit allowed the FNF delegation to witness firsthand the operations of Indian MSMEs and gain valuable insights into the sectors vital role in Indias industrial landscape.About FNFThe Friedrich Naumann Foundation for Freedom operates in over 60 countries worldwide, with offices in India, Pakistan, and Sri Lanka. FNF promotes civic education, training, and the exchange of ideas in the areas of economic freedom, human rights, urban governance, and digital transformation. In South Asia, FNF collaborates with partners in Bangladesh, Bhutan, and Nepal, supporting both country-specific and regional programs.For more information, please visit website www.fmc.org.in. [ad_2] Source link

[chaitanya]

Government Schemes Linked with Udyog Aadhar

We're living in a landscape of Indian entrepreneurship where government schemes linked with Udyog Aadhar are more like pillars for MSMEs. Such schemes come with benefits to foster their growth. 

Whether it's technological upgrades or financial assistance, the schemes can pave the way for the MSME sector. If you're a registered enterprise, then get ready to turn your business aspirations into reality. 

What is Udyog Aadhar?

Udyog Aadhar, which is replaced by Udyam Registration, can be described as a unique identification number introduced by the Ministry of MSMEs. With this, the registration process for small businesses gets simplified to let them avail of government subsidies and benefits. However, the primary objective is to promote ease of doing business. Also, provide MSMEs with a robust support system. 

Government Schemes Linked with Udyog Aadhar

There are a range of government schemes linked with Udyog Aadhar that provide comprehensive support to MSMEs. Below, we've mentioned some of the key schemes: 

1) Micro and Small Enterprises Cluster Development Programme (MSE-CDP)

The aim of MSE-CDP is to enhance the competitiveness and productivity of enterprises with the aid of cluster development. If you're a Udyog Aadhar holder, then you can benefit from such schemes by being a part of cluster development activities. 

Key Features:

Support in terms of infrastructure development.

Financial assistance to set up common facility centres.

Boost in business networking and market access. 

2) Technology Upgradation Fund Scheme (TUFS)

When it comes to the textile sector, there is a need for technological upgradation and modernization, which is possible with TUFS. If you're in the textile industry, you can benefit from the scheme by improving your competitiveness and adopting advanced technologies. 

Key Features:

Interest reimbursement on technological upgrade loans.

Financial assistance to upgrade technology.

Support for the purchase of modern equipment and machinery. 

3) Scheme for Promoting Innovation, Rural Industry, and Entrepreneurship (ASPIRE)

For rural and agro-based industries, the scheme aims to promote entrepreneurship and innovation. As a Udyog Aadhar holder, you can leverage ASPIRE to access financial assistance to promote innovation and set up business incubators. 

 Key Features:

In rural areas, promotion of entrepreneurship. 

Financial support to set up incubation centres.

Support innovative ideas related to business. 

4) ZED Certification Scheme 

ZED, or Zero Defect The Zero Effect Certification Scheme aims to boost the efficiency and quality of MSMEs. With this, you can adopt zero-defect manufacturing practices. So, you have to obtain ZED certification to benefit and improve your market competitiveness. 

Key Features:

Improved efficiency and quality in terms of manufacturing processes. 

Financial support to obtain ZED certification.

Enhanced market reputation and access. 

5) Prime Minister’s Employment Generation Programme (PMEGP)

PMEGP can be described as a credit-linked subsidy scheme that aims to generate employment opportunities. It can be possible when there will be micro-enterprises in urban and rural areas. Thus, you can avail yourselves of subsidies to set up new projects. 

 Key Features:

Access to credit along with reduced interest rates.

Subsidy (15–35%) of the project cost.

Promotion of entrepreneurship and self-employment. 

6) Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE)

CGTMSE comes with a credit guarantee for financial institutions providing loans to MSMEs without any kind of collateral. So, you can leverage this scheme to secure your loans without needing to provide collateral security. 

Key Features:

Reduced risk for lenders to encourage them to lend more to MSMEs.

Collateral-free credit is approximately Rs. 2 crore. 

Boost credit flow in the MSME sector. 

7) National Manufacturing Competitiveness Programme (NMCP)

NMCP is chiefly designed to enhance the competitiveness of the manufacturing sector. If you're from the manufacturing industry, use your Udyog Aadhar to benefit from components of this program like lean manufacturing techniques and quality management standards. 

Key Features:

Support to adopt lean manufacturing practices.

Financial assistance to implement a quality management system. 

Enhanced competitiveness and productivity. 

8) Stand-Up India Scheme

The aim of the Stand-Up India Scheme is to promote entrepreneurship among SC/ST communities and women. If you're in one of these categories, then you can avail of loans for setting up greenfield enterprises.  

Key Features:

Promote entrepreneurship among SC/ST communities and women.

Loans range from Rs. 10 lakh to Rs. 1 crore.

Support to set up new enterprises.

Impact of Udyog Aadhar and Linked Schemes on MSMEs

The introduction of Udyog Aadhar and government schemes linked with it resulted in a positive impact on the MSME sector. We've mentioned some of the key impacts below: 

1) Enhanced competitiveness

There are various schemes linked with Udyog Aadhar, such as NMCP and TUFS, which aid MSMEs in adopting advanced technologies and improving their competitiveness. 

2) Improved Infrastructure and Facilities

MSE-CDP and similar schemes have supported the establishment of common facility centres and infrastructure development. As a result, MSMEs enjoy better resources and facilities. 

3) Increased Access to Finance

With Udyog Aadhar, it's possible to easily access finance and credit for MSMEs. Thus, they can secure the necessary funds for business growth and expansion. 

4) Promotion of Entrepreneurship

There are schemes such as PMEGP that promote self-employment and entrepreneurship, which leads to the establishment of jobs and new businesses. 

5) Support for Innovation

Schemes like ASPIRE are successful in promoting innovation and encouraging MSMEs to develop innovative and new services and products. 

Conclusion

Now, MSMEs have comprehensive support provided by the mentioned schemes. It's your time to thrive in the market by using government initiatives and contributing to the country's economic growth. 

[udyamregister]

The Benefits of Having Udyam Registration

In recent years, the Indian government has taken significant steps to support and promote the growth of Micro, Small, and Medium Enterprises (MSMEs) through various initiatives. One of the most impactful of these initiatives is the introduction of the Udyam Registration, a simplified process that provides MSMEs with a host of benefits and opportunities.

 This registration, introduced on July 1, 2020, has replaced the previous system of Udyog Aadhaar and aims to streamline the registration process, making it more efficient and accessible. In this article, we will explore the myriad benefits of having Udyam Registration and why it is a crucial step for MSME registration aiming to thrive in the competitive business environment.

1. Simplified Registration Process

One of the primary benefits of Udyam Registration is its simplicity. The registration process is entirely online and can be completed through the official Udyam Registration portal.

 It requires minimal documentation, with only the Aadhaar number of the proprietor or the managing partner or director being necessary. This ease of registration removes significant bureaucratic hurdles, allowing businesses to register quickly and start availing the benefits without unnecessary delays.

2. Access to Government Schemes

MSMEs with Udyam Registration are eligible for a variety of government schemes and subsidies. These include schemes like the Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS), the Prime Minister's Employment Generation Programme (PMEGP), and the Micro and Small Enterprises Cluster Development Programme (MSE-CDP). 

These schemes provide financial assistance, grants, and subsidies that can significantly reduce operational costs and support business expansion and development.

3. Easier Access to Credit

Financial institutions and banks often require Udyam Registration for MSMEs to qualify for various loans and credit facilities. 

The registration helps in establishing the legitimacy of the business, making it easier for MSMEs to secure loans at lower interest rates under schemes like the Credit Linked Capital Subsidy Scheme (CLCSS). Additionally, the government has mandated a collateral-free automatic loan facility for MSMEs, further easing access to credit.

4. Protection Against Delayed Payments

One of the significant challenges faced by MSMEs is the delay in payments from buyers, which can severely impact cash flow. Udyam Registration provides a safeguard against this issue. According to the MSME Development Act, registered MSMEs are entitled to receive interest on delayed payments from buyers.

 This act mandates that buyers make payments within 45 days of accepting goods or services, failing which the buyer is liable to pay compound interest with monthly rests to the MSME.

5. Exemption from Direct Taxation

Registered MSMEs can benefit from several tax exemptions and rebates. For instance, under the Income Tax Act, businesses with Udyam Registration can avail themselves of a presumptive taxation scheme under section 44AD, which allows for a simplified method of calculating taxable income. This reduces the burden of compliance and makes tax planning more efficient.

6. Benefits in Tenders and Procurement

The Indian government and various public sector undertakings (PSUs) give preference to Udyam-registered MSMEs in procurement and tenders. This is part of the government’s Public Procurement Policy which mandates that a minimum of 25% of the total annual purchases of goods or services by central ministries, departments, and PSUs must be from MSMEs. 

Additionally, 4% is reserved for MSMEs owned by Scheduled Castes or Scheduled Tribes entrepreneurs. This preferential treatment in government procurement can provide a significant boost to business growth.

7. Reduction in Cost of Intellectual Property Rights

The Udyam Registration also entitles MSMEs to various subsidies and incentives related to the protection of their intellectual property. 

MSMEs can get financial support for patent registration, trademark registration, and other IP-related activities, thereby encouraging innovation and protecting their inventions and brands at a lower cost.

8. Concession in Electricity Bills

Many state governments provide concessions on electricity bills to Udyam-registered MSMEs. This concession helps in reducing the operational costs of businesses, making them more competitive and financially sustainable.

 The specifics of these concessions vary from state to state, but they generally involve reduced tariffs or rebates on the electricity consumption of registered MSMEs.

9. ISO Certification Charges Reimbursement

To promote quality and standardization among MSMEs, the government offers reimbursement for the expenses incurred in obtaining ISO certifications. 

This reimbursement is available to Udyam-registered businesses, encouraging them to improve their processes and product quality, which in turn enhances their competitiveness both in domestic and international markets.

10. Market Access and Export Promotion

Update Udyam-registered MSMEs can benefit from various programs aimed at enhancing market access and promoting exports. The government organizes trade fairs, exhibitions, and buyer-seller meets where registered MSMEs can showcase their products and services. 

Additionally, financial assistance is provided for participation in international trade fairs and exhibitions, which helps MSMEs to explore and penetrate new markets globally.

[msmereg]

Why MSME Registration is Crucial for Your Business Growth

In the dynamic and competitive world of business, staying ahead and ensuring sustainable growth is imperative for any enterprise. For Micro, Small, and Medium Enterprises (MSMEs), one of the key strategies to achieve this is through MSME registration. MSME registration is more than just a formality; it is a gateway to a plethora of benefits that can significantly enhance the growth trajectory of a business. In this blog, we will delve into why MSME registration is crucial for your business growth.

Understanding MSME Registration

MSME registration, also known as Udyam Registration in India, is a government initiative aimed at providing support to small businesses. The registration process classifies businesses based on their investment in plant and machinery or equipment and turnover. The categories are:

Micro Enterprises: Investing up to ₹1 crore and turnover up to ₹5 crore.

Small Enterprises: Investing up to ₹10 crore and turnover up to ₹50 crore.

Medium Enterprises: Investing up to ₹50 crore and turnover up to ₹250 crore.

By registering under the MSME category, businesses can access various benefits and schemes designed to support their growth and sustainability.

Access to Financial Support

One of the most significant advantages of MSME registration is access to financial support. Registered MSMEs can avail themselves of various schemes and incentives offered by the government, including:

Collateral-Free Loans: The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) provides collateral-free loans to MSMEs, ensuring that lack of security does not hinder their growth prospects.

Subsidized Interest Rates: MSMEs often get loans at subsidized interest rates, making borrowing more affordable and reducing the financial burden on the business.

Priority Sector Lending: Banks and financial institutions prioritize lending to MSMEs as part of their mandated priority sector lending targets, ensuring easier access to credit.

These financial aids can significantly boost the capital flow within the business, allowing for expansion, innovation, and overall growth.

Eligibility for Government Schemes and Subsidies

The government has launched numerous schemes aimed at promoting the growth and development of MSMEs. Some notable schemes include:

Prime Minister’s Employment Generation Programme (PMEGP): Provides financial assistance for setting up new ventures.

Micro and Small Enterprises Cluster Development Programme (MSE-CDP): Aims to enhance the productivity and competitiveness of MSMEs through cluster-based development.

Technology Upgradation Fund Scheme (TUFS): Offers capital subsidies for upgrading technology and modernizing equipment.

MSME registration makes a business eligible for these and other schemes, providing substantial support in various aspects such as funding, technology, and infrastructure.

Technological and Skill Development Support

In today’s fast-paced business environment, keeping up with technological advancements is crucial for growth. MSME registration provides access to various programs and schemes aimed at technological and skill development. Some initiatives include:

Lean Manufacturing Competitiveness Scheme: Helps MSMEs to adopt lean manufacturing techniques, enhancing productivity and competitiveness.

Digital MSME Scheme: Encourages MSMEs to adopt information and communication technology (ICT) tools to become digitally empowered.

Entrepreneurship and Skill Development Programme (ESDP): Focuses on enhancing the skills of existing entrepreneurs and nurturing new ones.

These programs help MSMEs stay updated with the latest technological trends and improve the skill set of their workforce, leading to increased efficiency and growth.

Credit Rating and Financial Transparency

MSME registration can also aid in obtaining a better credit rating from agencies like CRISIL, ICRA, and others. A good credit rating improves the credibility of the business, making it easier to secure loans and attract investors. It also reflects financial transparency and sound business practices, which are crucial for long-term growth.

Enhanced Business Credibility and Brand Recognition

Being a registered MSME adds to the credibility of the business. It signifies that the business adheres to regulatory standards and is recognized by the government. This recognition can enhance the reputation of the business among customers, suppliers, and potential investors.

Moreover, MSME registration often involves various certifications and compliance checks, ensuring that the business maintains high standards of quality and service. This not only helps in building a strong brand but also increases customer trust and loyalty, contributing to sustained growth.

Export Promotion and Market Development

For MSMEs looking to expand their reach beyond domestic markets, MSME registration can be a game-changer. The government offers various incentives and support schemes for exporting MSMEs, such as:

Export Promotion Capital Goods Scheme (EPCG): Allows import of capital goods at zero customs duty.

Market Development Assistance (MDA): Provides financial assistance for participating in international trade fairs and exhibitions.

Export Credit Guarantee Corporation (ECGC): Offers export credit insurance to protect against risks of non-payment.

These schemes and incentives can help MSMEs tap into international markets, boosting their growth potential significantly.

Note :- To Update your Udyam Registration Certificate, Click :- Update Udyam Certificate  

Conclusion

In conclusion, MSME registration is not just a legal requirement; it is a strategic tool that can propel your business towards sustainable growth. From financial support and government schemes to market opportunities and technological advancements, the benefits of MSME registration are manifold. By registering as an MSME, businesses can ensure better financial management, increased market presence, and enhanced credibility, all of which are crucial for long-term success. For any business owner looking to take their enterprise to the next level, MSME registration should be a top priority. It opens up a world of opportunities and support mechanisms that can significantly contribute to the growth and development of the business. Therefore, understanding the importance of MSME registration and leveraging its benefits can be a pivotal step in achieving business excellence and growth.

[currenthunt]

UP emerged as the top state as a significant contributor to India's MSME sector

- UP emerged as the top state as a significant contributor to India's MSME sector. - As per the CBRE report, UP is among the top three states in contribution to India’s MSME sector. - CBRE South Asia Private Limited released a report titled ‘MSMEs: Unleashing the Engines of Economic Prosperity’. - MSME activities are mainly concentrated in Maharashtra, Tamil Nadu, and Uttar Pradesh. - Three states account for around 40% of the total MSMEs registered in India. - This report was released at the two-day event at Deen Dayal Upadhyaya Trade Facilitation Centre in Varanasi. - Women entrepreneurs and MSME industrial park developers have supported the MSME ecosystem in Uttar Pradesh. - Agra, Kanpur, Varanasi, Lucknow, Meerut and Ghaziabad emerged as MSME clusters in Uttar Pradesh. - The report highlighted the key role played by the Udyam scheme. Read the full article

[eudyam1]

What is Udyam Registration? 

"Udyam Registration" is associated with the Indian government's initiative for the registration of micro, small, and medium-sized enterprises (MSMEs) under the new definition introduced in 2020. The Ministry of Micro, Small, and Medium Enterprises (MSME) in India launched the Udyam Registration portal to simplify the registration process for businesses falling under the MSME category.

Key points about Udyam Registration:

MSME Definition Update (2020): 

The Government of India revised the criteria for classifying businesses as micro, small, or medium enterprises in 2020. The classification is based on investment in plant and machinery or equipment, along with turnover.

Online Registration Portal: 

The Udyam Registration portal provides a simplified and online registration process for businesses to register themselves as MSMEs. It aims to ease the bureaucratic procedures and encourage more enterprises to avail themselves of the benefits associated with MSME status.

Benefits of Registration: 

MSME registration offers various benefits, including easier access to credit, subsidies, and schemes provided by the government. It also enhances the credibility of the business, making it eligible for various government tenders and support programs.

Self-Declaration: 

The registration process involves self-declaration by the business owner regarding the details of their enterprise, such as investment, turnover, and other relevant information.

No Fee for Registration: 

As of my last update, there was no fee for registering under Udyam. However, businesses should verify the latest information as policies may change over time.

Udyam Aadhaar: 

The Udyam Registration is linked with the Aadhaar number of the business owner. It simplifies the identification process and speeds up the registration.

Updation and Monitoring: 

The Udyam Registration portal allows registered businesses to update their information, ensuring that the data remains accurate and up-to-date. This feature helps in maintaining the relevance of the registration over time.

Ease of Access to Government Schemes: 

MSMEs that have completed the Udyam Registration process gain easier access to various government schemes and initiatives aimed at supporting small and medium-sized enterprises. This includes financial assistance programs, subsidies, and technology upgrade schemes.

Credit Facilitation: 

Registered MSMEs often find it easier to access credit from financial institutions. The government has taken steps to enhance the credit availability for MSMEs, and Udyam Registration plays a role in facilitating this process.

Facilitation of International Trade: 

Udyam Registration also aids MSMEs in participating in global trade. Many international buyers and organizations consider the MSME status while engaging in trade partnerships, and registration enhances the credibility of the business on the global stage.

Cluster Development: 

The government, through various schemes, promotes the development of industrial clusters. MSMEs registered under Udyam may benefit from these initiatives, which aim to create a conducive ecosystem for the growth of businesses in specific regions or industries.

Technology Adoption: 

Udyam Registration encourages MSMEs to adopt modern technologies and best practices. The government often introduces schemes to promote technology upgradation, and registered businesses may be eligible for such support.

Note: now you can update udyam certificate

Conclusion:

Businesses need to stay informed about any updates or changes in the Udyam Registration process, eligibility criteria, and associated benefits. Checking the official Udyam Registration portal or consulting with relevant authorities will provide the most accurate and current information. As policies and initiatives evolve, MSMEs should leverage the available resources to enhance their competitiveness and contribute to overall economic development.

[juteproductartisans]

Jute for Life: Empowering Women and Promoting Eco-Friendly Living

In the heartland of India, an extraordinary initiative is taking root, aimed at empowering women and promoting eco-friendly living. Jute for Life: The Jute Artisans Guild Association, a voluntary non-profit organization, is weaving a tapestry of hope and sustainability in the rural districts of Barabanki and Lucknow in Uttar Pradesh. This remarkable endeavor has garnered support from the National Jute Board, Ministry of Textiles, Government of India, and is nurtured under the SFURTI scheme with guidance from NMIMS Mumbai as its technical mentor.

Let’s delve into the key aspects of this transformative association through the following subheadings.

1. Introduction: Weaving Hope and Sustainability

A Glimpse into Jute for Life: The Jute Artisans Guild Association’s Mission

At its core, Jute for Life: The Jute Artisans Guild Association is committed to uplifting the lives of rural women. It offers them not just a source of livelihood but also a path to sustainable and eco-conscious living. By harnessing the potential of jute, often referred to as the “golden fiber,” the association aims to reduce plastic hazards and contribute to environmental conservation.

Government Support and Key Initiatives

This noble endeavor has received significant backing from the government. The National Jute Board, Ministry of Textiles, Government of India, supports the association under the Jute Technology Mission IV. Additionally, the Ministry of MSME and the Khadi & Village Industries Commission serve as the Nodal Agency through the SFURTI scheme, providing a strong foundation for its activities.

2. SFURTI and the Lucknow Multi Products Cluster

Leveraging the SFURTI Scheme for Women Empowerment

The association’s heart and soul lie in the Lucknow Multi Products Cluster, established under the SFURTI scheme. This cluster is a vibrant platform where more than 740 women jute artisans showcase their talents and craft an array of stunning jute products. It’s a testament to the dedication and vision of the association, providing a space for these women to thrive.

NMIMS Mumbai: The Association’s Technical Mentor

To enhance the skills and creativity of these artisans, the association has sought guidance from NMIMS Mumbai, serving as its technical agency. This mentorship enables the artisans to innovate and continuously improve their craft, ensuring the quality and marketability of their products.

3. Training and Artisan Engagement

Empowering Women through Jute Bag-Making

Diversified Jute Products: From Seminars to Industry

Beyond jute bags, over 900 women jute artisans are actively engaged in producing a range of diversified jute products. These products cater to various needs, from stylish jute bags ideal for seminars and conferences to eco-friendly packaging solutions for industrial purposes. It’s noteworthy that these artisans are not just impacting the local economy but have also gained a foothold in markets across the country.

4. Going Global: Exporting Eco-Friendly Solutions

Spreading Eco-Conscious Creations Nationwide

With its own import-export code, the association facilitates exports effortlessly, enabling the reach of these sustainable products to extend globally. The commitment to eco-friendly living knows no borders, and the association is making its presence felt far and wide.

Navigating International Markets with an Import-Export Code

This import-export code streamlines the process, allowing the association to export its products without any hassle. It’s a testament to their dedication to promoting eco-friendly solutions on a global scale.

5. Jute as a Golden Fiber: Crafting a Sustainable Future

Harnessing the Potential of Jute

At the heart of Jute for Life: The Jute Artisans Guild Association’s mission is the golden fiber itself – jute. This natural, recyclable material is at the core of their creations, transforming into an array of designs that serve both official and industrial needs.

Market Insights and Trendspotting at Fairs and Exhibitions

The association ensures that the artisans remain updated with market trends and preferred product designs by actively participating in fairs and industrial exhibitions. This firsthand exposure provides them with invaluable insights into what customers seek, enabling them to craft products that are not only eco-friendly but also appealing to a broad audience.

6. Rising Demand for Eco-Friendly Utility Products

Plastic Hazards and the Growing Demand for Sustainable Alternatives

Jute for Life: The Jute Artisans Guild Association as a Beacon of Change

In conclusion, Jute for Life: The Jute Artisans Guild Association is not just an organization; it’s a beacon of hope, empowerment, and sustainability. Through their dedicated efforts, they are transforming the lives of rural women in Uttar Pradesh, offering them a path towards economic independence, while simultaneously championing the cause of environmental preservation. Their work serves as a reminder that small steps can lead to significant changes and that by choosing eco-friendly alternatives, we can collectively work towards a brighter, more sustainable future. This association is not just crafting jute products; it’s weaving a sustainable future for generations to come.

[ramkirankavadi]

I'm thrilled to share with you an incredible #opportunity for aspiring #entrepreneurs and professionals in the #food#processing#industry! Join us for the Entrepreneurship Development Programme on Food Processing, a collaborative initiative between the prestigious National Institute for Micro, Small and Medium Enterprises (ni-msme) and the renowned #MANAGEMANAGE - National Institute of Agricultural Extension ManagementMANAGE CIA#agriculture#extension#management (MANAGE).

This comprehensive program, designed to equip participants with the knowledge and skills needed to thrive in the field of food processing, is set to ignite your entrepreneurial spirit and pave the way for successful ventures in this exciting domain 1️⃣ Identification of Food Processing Opportunities: Uncover untapped potential and discover lucrative avenues within the food processing sector. 2️⃣ MSME Schemes and Government Initiatives: Learn about the various support programs and initiatives available to empower your food processing enterprise. 3️⃣ Food Safety & Standards: Understand the importance of maintaining high-quality standards and compliance in the food processing industry. 4️⃣ Legal Compliances for Food Processing Industry: Gain insights into the legal aspects and regulations governing food processing ventures. 5️⃣ Marketing and Branding for Food Processing MSMEs: Master the art of effectively marketing and branding your food processing products to reach a wider audience. 6️⃣ Development of Food Processing Clusters: Explore the benefits of clustering and collaboration within the food processing sector for mutual growth. 7️⃣ Protecting Innovative Food Products through IPR: Discover strategies to safeguard your innovative food products through intellectual property rights. Why Attend? ✅ Gain in-depth knowledge about various aspects of food processing. ✅ Receive expert guidance, insights, and practical experiences from industry professionals. ✅ Expand your network by connecting with like-minded individuals and fellow entrepreneurs. ✅ Receive a prestigious Certificate of Participation, showcasing your commitment to professional growth.

👥 Who Can Attend? 🌱 Individuals who wish to start their own food processing business. 🍽️ Food processing entrepreneurs seeking to enhance their skills and knowledge. 👨‍💼 Professionals working in the food processing industry, eager to stay ahead of the curve. 🎓 Individuals involved in food processing research and academia, desiring practical insights. 🌍 Anyone interested in learning about the fascinating world of the food business.

Registration Link: https://lnkd.in/gyDSUgth

#msmes#foodprocessing#entrepreneurship#foodbusiness#nimsme#rural#agriculture#skills#FoodProcessingProgramme#development#professionalgrowth#onlinelearning#FoodProcessingIndustry#foodsafety#marketing#business#learning#opportunities#share#growth#collaboration#research#quality#network#branding#like#intellectualproperty

[stevetough]

Government RAMP scheme: Empowering MSMEs for sustainable growth

Micro, Small, and Medium Enterprises (MSMEs) play a pivotal role in fostering economic growth, generating employment opportunities, and promoting entrepreneurship. Recognising their significance, governments across the globe have introduced various loan schemes to support and empower these enterprises. In line with this, the Government RAMP Scheme has emerged as a game-changer for MSMEs, providing them with a comprehensive platform for growth and development.

The full form of the RAMP scheme is Raising and Accelerating MSME Performance. And this programme was launched to improve the performance of MSMEs by assisting them with the latest technology and knowledge. In this article, we will delve into the key features, benefits, and impacts of the Government RAMP Scheme, highlighting its significance in boosting the MSME sector.

Key features of the government RAMP scheme:

1. Financial support: The RAMP scheme focuses on providing financial assistance to MSMEs in the form of grants, subsidies, and low-interest loans. This support enables enterprises to enhance their production capabilities, invest in technology upgradation, and expand their market reach.

2. Skill development initiatives: Recognising the importance of skill development for MSMEs, the RAMP scheme incorporates programs to enhance the knowledge and capabilities of entrepreneurs and their employees. Training sessions, workshops, and mentoring programs are conducted to foster innovation, improve productivity, and ensure competitiveness in the global market.

3. Access to technology: The scheme emphasises the adoption and integration of technology by MSMEs. It provides financial aid for the acquisition of advanced machinery, equipment, and software, enabling enterprises to improve efficiency, reduce costs, and enhance product quality. Additionally, the RAMP scheme facilitates access to technical support and consultancy services, assisting MSMEs in their technological advancements.

4. Market linkages and export promotion: This scheme strives to connect MSMEs with domestic and international markets. It facilitates participation in trade fairs, exhibitions, and business summits, enabling enterprises to showcase their products and establish networking opportunities. Moreover, the scheme offers support for export promotion, including market research, export documentation, and financial assistance for international marketing initiatives.

5. Infrastructural development: Recognising the significance of robust infrastructure for MSME growth, the RAMP scheme focuses on improving industrial clusters and developing industrial parks. It aims to create a conducive ecosystem for MSMEs by providing them with access to shared facilities, common infrastructure, and a supportive business environment.

Benefits and impacts:

1. Enhanced competitiveness: The government RAMP scheme empowers MSMEs to enhance their competitiveness through financial support, skill development initiatives, and access to technology. By enabling enterprises to upgrade their processes, products, and services, the scheme facilitates their integration into global value chains, fostering sustainable growth and competitiveness.

2. Employment generation: MSMEs are significant contributors to employment generation, particularly in developing economies. The RAMP scheme's focus on skill development and capacity building translates into increased employment opportunities. As MSMEs grow and expand their operations, they create jobs, reducing unemployment and driving inclusive economic development.

3. Increased export potential: The scheme's emphasis on export promotion opens up new avenues for MSMEs to explore international markets. By providing assistance in market research, export documentation, and marketing initiatives, the RAMP scheme equips enterprises with the necessary tools to expand their export potential. This not only diversifies revenue streams but also strengthens the national economy.

4. Technological advancements: The integration of technology through the RAMP scheme enables MSMEs to improve their efficiency, productivity, and product quality. By adopting advanced machinery, software, and processes, enterprises can streamline operations, reduce costs, and meet global standards. This technological transformation leads to enhanced competitiveness and better market positioning.

Disclaimer: Please note that the information provided in this article is intended for general informational purposes only and should not be construed as professional advice or relied upon as a substitute for consultation with qualified experts. The accuracy, completeness, and timeliness of the information presented in this article may vary and are based on the knowledge and resources available at the time of writing, which may not be comprehensive or up-to-date.

[meghalayacareer]

MBMA Recruitment 2023: Project Manager & Assistant Manager Vacancy (11 Posts)

MBMA Recruitment 2023: The Meghalaya Basin Management Agency (MBMA) has released an employment notification for the recruitment of the Project Manager & Assistant Manager and Procurement Specialist positions on a contractual basis to be posted at the Cluster Development Project Management Unit, Shillong & Tura. The last date for submission of the application is 26th June 2023. 1. Post Name:- State Project Manager - No of posts:-1 (One) - Upper age limit:- 45 years. - Salary:- Rs. 78,000/- plus allowances as admissible - Essential Qualification:- Graduate or Post Graduate degree/Diploma in Agri-business or Food Business Management from National/International Premiere institutes - Experience Required:- Minimum 7 years of work experience in managing development project management preferably in Food Processing or Agri-Business Development or MSME out of which a minimum of 3 years in a leadership role 2. Post Name:- Manager (Marketing & Operation) - No of posts:-1 (One) - Upper age limit:- 45 years. - Salary:- Rs. 46,000/- plus allowances as admissible - Essential Qualification:- Graduate or Post Graduate Degree/MBA/Diploma in Marketing Management, Agri – Marketing, or Rural Management with specialization in Marketing - Experience Required:- Minimum 5 years of experience in sourcing /marketing agri/food products, linking MSME units with retail chains, branding, etc. Preference will be given to candidates having experience in pre-production/ production/ Post harvesting/ processing/ branding/ marketing of Agri products. 3. Post Name:- Procurement Specialist - No of posts:-1 (One) - Upper age limit:- 45 years. - Salary:- Rs. 78,000/- plus allowances as admissible - Essential Qualification:- Graduate or Post Graduate in Purchase/ Material Management/ Procurement & Supply Chain/ Inventory & Logistics/ Commerce/ Business and Financial Management. - Experience Required:- Minimum 8 years of experience in Purchase, Procurement & Supply Chain, Inventory, and Logistic Management related functions 4. Post Name:- Assistant Manager (Agronomist) - No of posts:- 2 (Two) - Upper age limit:- 45 years. - Salary:- Rs. 31,200/-plus allowances as may be admissible - Essential Qualification:- BSc/ MSc in Agriculture/ Horticulture - Experience Required: Minimum 3 years of experience in a related field Preference will be given to candidates having experience in pre-production/ production of Turmeric/ Ginger crops. 5. Post Name:- Assistant Manager (Tissue Culture Lab) - No of posts:- 2 (Two) - Upper age limit:- 45 years. - Salary:- Rs. 31,200/-plus allowances as may be admissible - Essential Qualification:- BSc/ MSc in Botany/ Biotechnology - Experience Required:- Minimum 3 years of experience in a related field Preference will be given to candidates having experience in pre-production/production of Turmeric/Ginger crops. 5. Post Name:- Assistant Manager (Tissue Culture Lab) - No of posts:- 2 (Two) - Upper age limit:- 45 years. - Salary:- Rs. 31,200/-plus allowances as may be admissible - Essential Qualification:- BSc/ MSc in Botany/ Biotechnology - Experience Required:- Minimum 3 years of experience in a related field Preference will be given to candidates having experience in pre-production/production of Turmeric/Ginger crops. 6. Post Name:- Assistant Manager (Bio Control Lab) - No of posts:- 2 (Two) - Upper age limit:- 45 years. - Salary:- Rs. 31,200/-plus allowances as may be admissible - Essential Qualification:- BSc/MSc in Botany/ Biotechnology/ Micro Biology - Experience Required:- Minimum 3 years of work experience Preference will be given to candidates having experience in pre-production/production of Turmeric/Ginger crop How to apply for MBMA Recruitment 2023: Project Manager & Assistant Manager Vacancy? To apply for the above positions; candidates have to fill out the ‘Application Form’ from the following link; https://tinyurl.com/cdpmbma The last date for receipt of applications is 26th June 2023 (5:00 PM) and applications received after the later date will not be considered. Selection Process - There will be written tests/ technical tests and personal interviews for all positions. Written test/Technical Test will comprise Subject Matter Knowledge, General Knowledge, Reasoning, and English. - The Written Test/ Personal Interview may be held in Shillong only Advertisement No:- MBDA/ MBMA -4 (Vol – VIII)/ 2013/ 1484 (Date: 07.06.2023) Those who wish to apply are advised to go through the below official notification in detail before submitting applications. Online Application Link Click Here Download Official Notification Click Here Job Updates on Telegram Click Here Read the full article

[thxnews]

President Marcos Jr. Pushes for Digital Transformation in the Country!

  President Ferdinand R. Marcos Jr. fully supports the Paleng-QR Ph Plus Initiative and wants government agencies to educate Filipinos on the use of e-wallet and other digital payment apps. He feels this will prop-up economic activities, particularly with the inclusion of micro, small and medium enterprises. The President expressed his view on Thursday during a meeting in Malacañang with the Private Sector Advisory Council Digital Infrastructure Cluster discussing recommendations to further improve the country’s digital infrastructure. Private Sector Advisory Council Member Ernest Cu, President and CEO of Globe Telecom, who met the President described the use of quick response (QR) codes and other digital payment apps as something like a “home run” for the government, saying that they are excited to start serving the public markets using QR codes. Private Sector Advisory Council Convenor Sabin Aboitiz, President of the Aboitiz Equity Ventures Inc., was also present during the meeting along with Union Digital President Henry Rhoel Aguda, Bank of the Philippines Islands COO Ramon Jocson, and PLDT Inc. President Alfredo Panlilio. The e-commerce platforms including the Bangko Sentral ng Pilipinas have teams going around the country conducting information and education campaigns on Paleng-QR Ph Plus, which was launched in 2022, in different cities and local government units.   Ernest Cu, President and CEO of Globe Telecom said: “We have to do it. It’s a grassroots level approach. There are also videos on YouTube and we also have Tiktok to get people to educate themselves. And if you use the app regularly, you will see it being offered to you on the app,”   The adoption of QR codes and use of digital payment apps will make savings and loan applications in banks a lot easier for the public, especially the farmers, fisherfolks and small businesses, according to PSAC members. At the same time, the government could eliminate the 5-6 lending and similar money lending businesses thus making the cost of running MSMEs, which are the main drivers of the economy, go down.   BSP Governor Felipe Medalla expressed support to the project saying, “Mr. President, this one has a big impact on financial inclusion because the problem is there’s no way for banks to assess their credit scores, but if we have a digital database with their payment habits, that will be a substitute and a good proxy for credit scoring.This actually helps in the financial inclusion advocacy of the BSP and the government.”   Aside from rallying support for Paleng-QR Ph Plus Initiative, PSAC made new recommendations for the President’s approval. Among the new recommendations are the adoption of the National Cybersecurity Plan 2023-2028 and the Connectivity Index Rating System.   Sources: THX News & PCO. Read the full article

[bhumiworld21]

Industrial Park Developer in Bhiwandi - Bhumi World

Welcome to India’s First Fully-Integrated

Self-Sustained Industrial Parks Cluster Development Chain

Providing End-to-end Business Solutions for Micro, Small & Medium Enterprises (MSMEs)

Being one of the leading developers of big industrial parks across the country, Bhumi World has become a renowned name for providing end-to-end solutions to MSME businesses with world-class facility management in the premises, unparalleled consultancy services and superior support services for their customers who have got the incredible business idea to make India leap towards a $5 Trillion Economy by the year 2024

Envisioning India on the Top of Global Achievements

Vision: To Create Integrated Industrial parks & Services across major Smart cities in order to facilitate the SMEs and MSMEs while contributing to the Make in India and Atmanirbhar Bharat initiatives of the country

Mission: To develop Industrial Parks PAN India based on our Plug n Play model in next 5 Years while being positioned among the premier Industrial parks of India. To create thousands of job opportunities and invite big investments from across the country and abroad, thus contributing to the economy and society at large.

Values:

● Integrity & Transparency

● Customer Driven

● Team Work

● Leadership

● Excellence

To know more: https://www.bhumiworld.in/