MSME-Micro, Small and Medium Enterprises |
MSMEs are Growth Engine of India. |
India is transforming into a self-reliant economy. The support received and provided by the Atmanirbhar Bharat is being absorbed in the spirit of the nation. India’s GDP has grown at 8.7% in FY 2022. It is expected to grow at 7.2% in FY 2023 (RBI). |
The MSME sector contributes in a significant way to the growth of the Indian economy with a vast network of about 6.34 crore enterprises. This sector contributes to around 30% of India’s GDP, over 45% of India’s exports, while creating employment for about 11.1 crore people, which in terms of volume stands next to agriculture sector. |
Benefits available to MSME Enterprises: |
Credit prescription (Priority sector lending). |
Excise Exemption Scheme |
Exemption under Direct Tax Laws. – Statutory support |
Lower interest rates and availability and access to greater credit |
Capital and other grants for infrastructure development |
Reimbursement of ISO Certification |
Technology and quality up-gradation support to MSMEs |
Collateral free loans from banks |
Eligible for industrial promotion subsidy |
Concession in electricity bills |
Emergency Credit Line Guarantee Scheme (ECLGS) for MSMEs. |
Equity infusion through MSME Self-Reliant India Fund. |
No global tenders for procurement up to Rs. 200 crores. |
Inclusion of Retail and Wholesale trades as MSMEs |
Launch of Udyam Assist Platform (UAP) |
GST Composition Scheme available for MSMEs |
Our team of Professionals having wide experience in project consultancy, can deliver ultimate solutions to prospective visionary entrepreneurs willing to jump into MSME ventures. |
STARTUP |
Startup India is a flagship initiative of the Government of India, intended to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. |
Under the Startup India initiative, eligible companies can get recognised as Startups by DPIIT, in order to access a host of tax benefits, easier compliance, IPR fast-tracking & more. |
The Key Pillars of Support for Startups are Simplification & Handholding,Funding & Incentives and Incubation & Industry-Academia Partnerships. |
FUNDING : |
Startup India Seed Fund Scheme |
Financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization |
Startup India Investor Connect |
Startup India Investor Connect is a platform that connects startups with investors to facilitate investment opportunities through AI based matchmaking. Through this, entrepreneurs will be able to directly reach out to multiple investors using one single application and pitch their startup idea. |
The Credit Guarantee Scheme for Startups (CGSS) |
The CGSS is aimed at providing credit guarantee up to a specified limit against loans extended by Member Institutions (MIs) to finance eligible borrowers viz. Startups |
Central Govt. Schemes & Policies for Start Ups: |
Various ministries and departments have introduced schemes to provide financial, infrastructural, and regulatory support to startups. The listed schemes cover sectors like technology, manufacturing, agriculture, healthcare, and more. |
PPIPL extends support to start ups for various Compliances, Mentorship, Fund raising,Handholding, setting up,operation & maintenance and growth support . |