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 ...

Business Valuation is a process and a set of procedures used to determine what a business is worth. Business value can be different for business owners and investors. Business valuation is the expected selling price of the Business, the actual value varying, depending on how the valuation is determined. There are 3 ways to determine the value of the Business: ·          Asset Approach ·          Market Approach ·          Income Approach Asset Approach: In this approach, Business valuation is done on the basis of Assets and Liabilities, based on the economic principle of substitution. The challenge in this approach is to decide which Assets and Liabilities to include in the valuation, choosing a standard of measuring the value and then determining the actual values. In determining the value using this method, a monetary value is given to the special p...