msme

Nigerian banks are taking major steps to expand their operations, provide better services to customers and make more profit. Four of the banks – Polaris, Zenith, Access and Unity – announced some of their projects and programmes on PREMIUM TIMES last week. They were some of the firms that advertised their products on this platform. Others include players in the telecommunications, oil & gas, and mobile industries. See some of the announcements below. BANKING Polaris Bank has won Nigeria’s ‘Best Digital…

Very Short Answer QuestionsQuestion 1: Which year was the MSMED Act passed?Answer: The MSMED Act was passed in the year 2006.The Micro, Small and Medium Enterprises Development (MSMED) Act of 2006 was formed to facilitate promotion and development and enhance the competitiveness of micro, small, and medium enterprises and for matters connected therewith or incidental thereto.Question 2:  What is the micro-enterprise?Answer: According to the Micro, Small and Medium Enterprises Development (MSMED) Act of 2006, a…

In a webinar today, Prime Minister Narendra Modi spoke on length about the transformative capabilities of new-age technologies and how they were playing a role in reshaping various sectors and government's interactions with citizens. The webinar titled ‘Unleashing the Potential: Ease of Living Using Technology' took place earlier today, February 28, and the PM discussed a wide range of issues that could be tackled with the help of technology including reducing compliance cost for small businesses, making tax system…

Odisha, Punjab, Tamil Nadu, Puducherry and Himachal Pradesh have seen the highest increase in mobile gamers in 2022 compared to 2021. In terms of games, Ludo Dice, Snakes and Ladders, Carrom, Fruit Dart, Block Puzzle and Poker were some of the top games played by gamers across different Indian cities. In Uttar Pradesh, Lucknow, Kanpur, Varanasi, Ghaziabad and Allahabad have the highest share of gamers. "Thirty-six per cent of…

The Uttar Pradesh government has announced the New Electric Vehicle Manufacturing and Mobility Policy, 2022, to promote faster adoption of clean mobility solutions and create a conducive ecosystem for EVs in the state, an official release said. The policy provides for a three-pronged incentive regime that includes benefits to consumers for purchasing EVs; to manufacturers of EVs, batteries and related components; and to service providers developing charging/ swapping facilities, the release said. The main objective of…

Google on Monday said it has trained 8.5 million micro, small and medium-sized enterprises (MSMEs) to date across the Asia-Pacific region through its 'Grow with Google' programmes and partnerships.The company said that over the next year and beyond, it will be deepening existing programmes to support small businesses and launching new ones."We'll also be helping MSMEs find the skilled people they need by expanding access to Google Career Certificates, which develop in-demand skills like IT support, data analytics and user…

Let’s know about the need for cybersecurity in MSME & how will digitalisation transform the MSME? Need for Cybersecurity in Micro Small and Medium Enterprises Bridge the cybersecurity shortcomings observed at EU and federal levels for small and micro companiesOffer creative training to deliver new skills and competencies to MSMEs’ entrepreneurs and staffallow young people to become “cybersecurity experts” and discover new jobs in MSMEs.The cybersecurity specialist profile is in high demand:…

Flipkart on Monday announced that it has signed a memorandum of understanding with the West Bengal government to train and support local artisans, weavers and handicraft makers to leverage its e-commerce platform to scale up their businesses nationally. The agreement was signed with the state's micro, small and medium enterprises and textiles department.West Bengal's MSME department Principal Secretary Rajesh Pandey said, “We are focused on deepening our commitment towards MSMEs in the state and helping their growth. This…