MSMEmitra  is utilising the power of technology and digital marketing for making business loans, funding, government promoted SME schemes for MSMEs and Start-up funding more accessible for entrepreneurs across India. India has a population in excess of 1.30 Billion (and growing!!!). The country is the 6th largest and the fastest-growing trillion dollar economy in the world, making India one of the centres for innovation and disruption, with multiple untapped segments ripe for aggressive growth. One such segment is the  FINANCIAL SERVICES  segment. While the market has been disrupted and stagnated over the last decade in the retail financial services (to be more precise, banking services for individuals), financial services for start-ups and small businesses have been deprived the same focus, until now. Providing financial consultancy and business advisory services —  MSMEmitra START-UPS AND MSMEs — THE DRIVING FORCE BEHIND THE INDIAN ECONOMY A staggering 9...

By Kaustubh Jadhav In the past six decades, MSMEs in India have grown at a rapid rate. The contribution of the sector to the economy has also increased significantly, year after year. In the last few years, the Government and the RBI have introduced structural reforms to make the sector a catalyst for the growth of the economy. Union Budget 2018-19 was another concrete step in that direction. Increased budgetary allocation under various schemes, multiple policy level reforms (helping the sector), revision in the corporate tax rate, and extension of tax exemption for start-ups are some of the key reforms that are aimed at benefiting the MSME sector. The MSME industries: MSME industries are divided into two sectors - manufacturing and service. It is important to know what industry falls under which sector to find the applicable Government schemes and subsidies. List of industries under Manufacturing and Service (detailed list available here ) MSMEs are eligible ...