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Showing posts with the label MSME sector

Senco Gold & Diamonds Becomes First Indian Jewellery Brand on ONDC, Expanding Reach and Accessibility Nationwide

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Legacy meets Innovation: Senco's Hallmarked Collections Now Available on ONDC, Redefining the Jewelry Shopping Experience  Senco Gold and Diamonds, India’s leading jewellery retailer with eight decades of legacy and over 150+ showrooms nationwide announced that it has joined Open Network for Digital Commerce (ONDC) Network, marking a significant milestone as the first national jewellery brand to showcase hallmarked products on the ONDC platform. Through this maiden integration, Senco Gold & Diamonds extensive catalogue will be available across various shopping apps within the expanding ONDC Network, facilitating smooth and efficient transactions. This strategic move will have a catalytical impact on Senco Gold and Diamonds and will help the brand to expand its customer base, providing its exquisite and unique designed jewellery by famous karigars of Bengal, to potential buyers across all ONDC seller apps.  This collaboration will also align seamlessly with the company’s ...

Women MSMEs Entrepreneurs in India

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Women entrepreneurs registers under UAM and UR portal   The number of women entrepreneurs registered under Udyog Aadhaar Memorandum (UAM) and Udyam Registration (UR) portal of the Ministry of Micro, Small and Medium Enterprises, year-wise, during the period 01/04/2019 to 02/02/2022 is given in Annexure.   Udyam Sakhi portal ( http://udyamsakhi.msme.gov.in/ ) was launched in March 2018 to provide information regarding financial schemes, policies and programmes of the Ministry of Micro, Small and Medium Enterprises to existing/prospective women entrepreneurs in the MSME sector. The portal helps women to start, build and grow their businesses. A total of 3152 women have registered on the portal so far. Through an amendment to the Public Procurement Policy, the Government has mandated that all Central Ministries/ Departments and Public Sector Undertakings should procure at least 3% of their annual procurement from women owned micro and small enterprises.     Th...

A need for financial inclusion of MSMEs

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MSMEs to explore the 59 Minute Loan Sanction portal Ministry of Micro Small and Medium Enterprises (MSME) organized a Regional Conference on MSME Financing under National SC/ST Hub Scheme in New Delhi.   Minister of State (I/C) for MSME, Giriraj Singh said in his inaugural address stressed on the need for financial inclusion of small entrepreneurs, without whom the country cannot develop. While appreciating the banking sectors concerns about the Non-Performing Assets and bad debts, he pointed out that where there is need based financing from the banks the recoveries have been more than 99 per cent. He urged the banks to set their priorities in line with the policies and financial guarantees of the Government and provide loans to youth and small entrepreneurs. Talking about the 12 initiatives of the Government for the MSME sector announced by the Prime Minister on 2nd November 2108, Giriraj Singh urged MSMEs to take full advantage of the 59 Minute Loan Sanction po...