Bad debts- 5 Warning signs to ponder upon! A debt owed in the name of any client does not go bad abruptly. There would have been pre-existing and persisting issues which made the account go bad. Keeping an eagle eye on the transactions entered with debtors can help you identify and foresee the account going […]
COMMERCIAL CONTRACTS IN INDIA AND THEIR NECESSITY IN RECOVERY OF LIABILITY A commercial contract forms an integral part of a venture, as such arrangements detail the rights and obligations, terms, discussed and agreed upon between the parties including recourse in case of any dispute. Therefore, it is extremely crucial to ensure that the terms mentioned in […]
International Cooperation Scheme (IC Scheme) for MSMEs In order to promote the growth of the MSMEs sectors, the government is initiating the International Cooperation (IC) Scheme. The program inspires eligible organizations to participate in international MSMEs exhibitions, trade shows, trade meetings, etc. In addition, through this program, the Ministry of MSMEs promotes conferences, seminars, workshops […]
Coir Vikas Yojana (CVY) Coir Vikas Yojana (CVY) focuses on the enhancement of the MSME sector hence encourages exploring domestic and international export markets with emphasis on women empowerment, entrepreneurship, skill and training, innovation as well as manufacturing. The activities under the Coir Vikas Yojana include raw material usage, trade services, and coir activities Coir […]
Revamped Scheme of Fund for Regeneration of Traditional Industries (SFURTI) In order to tackle the issues faced by the MSME sector, the government initiated a new Scheme of Fund for Regeneration of Traditional Industries (SFURTI) that would fund enterprises to regenerate traditional businesses. The implementation of the scheme to benefit the traditional industries by making […]
Coir Industry Technology Up-gradation Scheme (CITUS) The Coir Board is promoting the development of coir industry in the country. The Coir Board has introduced “Coir Industry Technology Up-gradation Scheme (CITUS)” which aims at giving away assistance to the entrepreneurs for upgrading and/or procurement of eligible Plant & Machinery for modernization and thereby establishing a new […]
Khadi and Village Industries Commission (KVIC) plans, promotes, organizes, and implements programs for the development of Khadi and other village industries in rural areas nationwide. KVIC also helps in building up the reserve of raw materials for supply to producers. The commission focuses on the creation of common service facilities for the processing of raw […]
How to save Patent Registration Expenses upto 20 Lakhs The MSME sector is one of the largest contributors to the Indian economy, however, awareness about Intellectual Property Rights (IPRs) is lacking in Indian MSMEs. IPRs are important instruments to foster a culture of innovation. IPRs include trademarks, copyrights, patents, and industrial designs and protecting them […]
Is your business facing any of the following challenges? Your organization is dealing with high employee turnover Major changes to the industry resulting in the need to acquire or retrain staff Low morale of employees Employee conflict You have changes in management Has there been a major shift in your company’s business strategic direction and […]
The Micro, Small and Medium Enterprises (MSMEs) Sector contributes significantly to the Indian Economy in terms of Gross Domestic Product (GDP), Exports and Employment generation. As per Central Statistics Office (CSO), Ministry of Statistics & Programme Implementation (MOSPI), the Share of MSME Gross Value Added (GVA) in total GVA during 2016-17 was 31.8%. The Share […]
