#MSME development

[fandfnews]

Thailand's PM Paetongtarn Shinawatra Champions Regional Cooperation at Historic ASEAN-GCC Summit in Kuala Lumpur

[bidhelp]

Gem tenders start-up’s how gem consultant can streamline process

Government e-Marketplace (GeM) is a revolutionary effort by the Government of India to allow transparent and efficient procurement of goods and services. Start-up’s in India struggle to get involved in government projects because the rules are confusing, the requirements are difficult, and there's a lot of competition. GeM experts help Start-up’s register, make bids, and secure contracts more easily. This blog explains how GeM advisers can assist Start-up’s in taking advantage of government buying possibilities.

Understanding GeM and Its Importance for Start-up’s

 The GeM site lets businesses view government contracts without needing middlemen. This stops cheating and promotes fair play. The advantages of GeM for businesses are:

Easy Business Start: Start-ups can register and display their products or services to government buyers.

More Market Access—GeM links companies to government departments, public sector units, and other organizations.

Timely Payments—GeM helps businesses get paid faster, improving their cash flow.

Equal Opportunities - GeM provides everyone with an equal chance, unlike traditional buying methods.

Less Paperwork – Gem’s paperless approach cuts down on paperwork and saves time.

Even with these benefits, many Start-up’s find it hard to register, follow rules, and submit proposals. GeM pros can help you with that.

Challenges Start-up’s Face in GeM Tenders

Start-up’s often face these problems when they participate in GeM tenders:

New businesses may find it hard to complete the filing process due to the forms and rules they need to follow.

Figuring out legal needs like GST, PAN, Udyam Registration, and other certificates can be confusing.

Tender Identification – It takes a lot of time to find the right bids that match your business needs.

Affordable Pricing Strategy – Many companies struggle to set prices that are low enough for customers but high enough to make a profit.

You need to complete forms and detailed bids to qualify.

Start-up might not know how to place bids properly, causing their bids to get turned down.

Legal and Financial Risks - Mistakes in bidding can result in being disqualified or facing legal issues.

GeM managers provide expert support to simplify and improve the buying process.

How GeM Consultants Make Things Easier for Start-up’s

GeM experts help businesses understand how to use the GeM website. They help businesses solve problems and secure government contracts. Here’s what you need to do:

1. Helping with GeM Registration.

GeM counsellors help companies with registering. They make sure:

How to Submit Papers Correctly.

Checking passwords.

As per government rules.

Make sure to avoid errors that could delay or prevent your registration.

2. How to Pick the Right Bids

GeM experts assist companies in finding deals that suit their skills. They:

Look at the rules to see if you can submit a tender.

Choose deals that are likely to be successful.

Tell me about what buyers want and need.

3. Making Sure Rules are followed and Records are kept

New companies often have a hard time understanding and following rules and laws. Consultants assist companies in obtaining important papers, such as:

Udyam Registration

PAN Card

ISO Certifications (if needed)

Turnover Certificates

Financial Statements

4. How to Prepare and Submit Your Bid

A good plan is essential for success. Consultants assist businesses with:

How to make good technical bids.

Offering low prices.

Ensure that all bidding needs are fulfilled.

Tips to prevent mistakes that might lead to your bid being rejected.

5. Knowing the Market and Setting Fair Prices

Price is a key factor in government projects. GeM consultants do market studies to:

Suggest the best ways to set prices.

Check the bids from other rivals.

Boost your chances of finding work and making money.

6. Handling Complaints and Issues on GeM

Start-up’s may have technology issues, get their applications turned down, or face payment delays on the GeM site. Consultants help with:

Resolving issues with account bans.

Submitting comments to GeM support.

Ensuring that contracts with government buyers are handled easily.

7. Help with Legal and Contract Matters

Winning a bid means you have to complete the work outlined in the agreement. Consultants assist with:

Understanding the general rules of contracts.

Ensure that packages arrive on time.

Handling any legal issues that arise.

8. Digital Marketing and Branding on GeM

Consultants assist Start-up’s in gaining visibility on the site by:

Enhancing product lists.

Using online ads to reach government buyers.

Be careful about how you look online and what others say about you.

Success Stories: How GeM Consultants Helped Start-up’s

Many Start-ups have successfully obtained government contracts through GeM with assistance from experts. Here are some stories of success:

A small tech company won a ₹10 crore government contract with the help of a consultant who assisted them in preparing their plan and choosing the right price.

A business that makes homemade products grew by joining GeM and receiving large orders from government buyers.

A new medical supplies business has been awarded a contract to supply PPE kits. During the pandemic, a new business that sold PPE kits got several contracts with help from a GeM expert.

Tips for Start-up’s to succeed in GeM Tenders

Hiring an expert can be helpful, but companies should keep these tips in mind:

Regularly check tender lists to keep up with new chances.

Always keep your papers updated. Make sure your certifications and cash information are ready.

Focus on Quality and Competitive Prices - Government buyers want high-quality products at the best prices.

Sign up for the GeM Support and Training Programs. Join GeM classes to learn about the latest changes.

Create a strong online image. Good reviews and ratings can help others trust you.

Questions and Answers about GeM Tenders and Consultants.

 1. Simple Questions about GeM

 Q1: What is the Government e-Marketplace (GeM)?

GeM is a website set up by the Indian government to make it easier for government offices and public groups to buy goods and services.

Q2: Who can become a member of GeM?

Any business, large or small, can sign up on GeM to sell products and services to the government.

Q3: What are the advantages of signing up on GeM?

The benefits include quick access to government sellers, easy business processes, straightforward information, faster payments, and less paperwork.

Q4: How does GeM support start-up’s?

GeM helps companies win government contracts by offering fair prices, quick payments, and easy access for customers.

2. How to Sign Up for GeM and What You Need to Do

Q5: What key papers do I need to apply for GeM?

A: You need these documents: You need to provide your GST registration, PAN number, Udyam registration (if you have a small or midsize business), bank account information, and any business documents.

Q6: How long does it take to register on GeM?

A: Registering can take a few days to a couple of weeks, based on how long it takes to verify your documents and make sure everything is in order.

Q7: Is joining GeM free?

A: Yes, signing up on the GeM site is free, but businesses must meet certain requirements and follow the rules.

Q8: Can a business sign up on GeM without a GST number?

A: No, you must register for GST unless the government says you don’t have to.

3. What GeM Consultants Do and Why They Are Important

Q9: Who are GeM consultants?

A: GeM experts help companies register, place bids, and address their needs on the GeM website.

Q10: How can a GeM expert assist my startup?

Consultants help you sign up on GeM, find tenders, prepare bids, follow the rules, and provide support after the tender process.

Q11: What services do GeM experts provide?

They provide services like reviewing documents, checking plans, helping with entries, setting prices, giving legal advice, and resolving problems.

Q12: Do I need a professional to help me register for the GeM platform?

You can sign up on your own, but having an expert can make sure everything is done right and meets the rules, which could help you get more offers.

4. GeM Bidding and Tender Process

 Q13: How can I find the best deals on GeM?

To get the best deals on GeM

 1. Check Prices: Look at different deals for the same product to find the lowest price.

2. Check scores: Look at reviews and scores to find trustworthy companies.

3. Set up Alerts: Make alerts for price drops or new offers.

4. Join Discussions: Take part in online groups or sites to find tips on great deals.

5. Look for Discounts: Keep an eye out for sales or special deals.

Q14: How does the buying process work on GeM?       

A: The process includes finding good bids, creating technical and financial plans, sending needed papers, and joining open bidding.

Q15: Why are bids often rejected?

A: Common reasons are missing documents, wrong prices, not following purchasing rules, and late entries.

Q16: How can I increase my chances of getting a GeM tender?

A: Ensure prices are fair, papers are correct, bidding rules are followed, and bids are submitted on time.

5. Payment and Compliance Problems

Q17: How does payment work on GeM?

A: Buyers pay on the GeM site only after they receive and accept the goods or services.

Q18: What should I do if I have problems with payments on GeM?

Consultants can help with payment problems by using the GeM complaint settlement method.

Q19: What happens if you break the rules on GeM?

Yes, if you break the rules, your bid might get refused, you could get a fine, or you might be banned from buying in the future.

Q20: How can I fix issues with tenders?

You can report a problem to the GeM complaints team or ask GeM experts for help with legal issues.

Conclusion

The Government e-Marketplace (GeM) helps Start-up’s by allowing them to directly get government contracts without needing agents. Registering, following rules, placing bids, and setting competitive prices can be difficult. GeM consultants bridge this gap by providing expert assistance, helping Startup’s manage the portal quickly and raising their chances of getting government contracts. With help from GeM experts, Start-ups can make the bidding process easier, lower risks, and concentrate on growing their main business. If you're a start-up looking to sell to the government, having a good GeM consultant can help you win in the long run.

[techjour]

DO YOU USE #FAAS IN YOUR #APPLICATION?

FaaS stands for Function as a Service, Subset of Serverless architecture. It allows customers to run code in response to events without managing the complex infrastructure, associated with building and launching microservices applications. FaaS helps programmers solely focus on indivisual function in application.

e.g. AWS Lambda Function belongs to FaaS

Techjour assists to Customers to integrate high end technologies to scale their #business, product or application.

[socialenterprise23]

The Multiplier Effect: How MSMEs Contribute to Economic Prosperity

Micro, Small, and Medium Enterprises (MSMEs) form the backbone of economies worldwide, driving employment, fostering innovation, and generating wealth in a way that directly supports economic prosperity. Through what is known as the "multiplier effect," MSMEs boost economic activity beyond their individual operations, creating a ripple effect of benefits that extends through entire communities and regions. This article explores how MSMEs contribute to economic growth and resilience, shedding light on the profound impact of MSME market development assistance.

Understanding the Multiplier Effect

The multiplier effect refers to the increase in economic activity that results when MSMEs invest, operate, or expand. When an MSME grows or establishes itself within a community, it requires goods and services from other businesses, such as suppliers, manufacturers, and service providers. This demand stimulates business for these suppliers, leading them to hire more staff or increase production, further driving economic activity.

Moreover, employees of MSMEs, along with those employed by their suppliers, spend their income on goods and services in their local areas. This spending boosts demand across multiple industries, including retail, hospitality, and real estate. In effect, every pound or dollar generated by an MSME can multiply in value as it circulates through the economy, supporting growth across sectors.

How MSMEs Help in Economic Growth Through Employment Creation

One of the most tangible ways that MSMEs help in economic growth is through job creation. In most economies, MSMEs are the largest providers of employment, particularly in rural or underdeveloped regions. By offering opportunities for locals to work close to home, MSMEs help reduce unemployment rates and alleviate urban migration pressures. Each new job created by an MSME provides a source of income and livelihood, empowering families and contributing to overall economic stability.

MSMEs Foster Localised Supply Chains

MSMEs often rely on local suppliers, enabling them to establish robust and reliable supply chains within their regions. This reliance fosters local industry by creating demand for raw materials, intermediate goods, and complementary services. For instance, a small furniture manufacturing MSME might source its wood from nearby timber companies, which might, in turn, hire more workers, leading to an economic uplift in the region.

These localised supply chains reduce dependence on external suppliers, thereby reducing costs and increasing the overall resilience of the economy to external shocks. This interdependence benefits all businesses within the chain and ensures that more of the economic benefits remain within the local economy, further demonstrating how MSME helps in economic growth.

MSME Market Development Assistance: Fuel for Growth and Prosperity

To maximise the economic contributions of MSMEs, many governments and organisations provide MSME market development assistance. This assistance can take the form of financial support, access to credit, training programmes, and business advisory services. By helping MSMEs scale up and access new markets, these initiatives enable small enterprises to achieve greater market reach, enhancing their economic impact.

Market development assistance also allows MSMEs to improve their product offerings and adopt efficient business practices, strengthening their competitive edge. When MSMEs receive support to enter new markets, they contribute to economic diversification, making the overall economy less vulnerable to sector-specific downturns. Moreover, as MSMEs expand through such assistance, they create additional job opportunities and engage further with suppliers, amplifying the multiplier effect.

Innovation and Adaptability: Keys to MSME Success

MSMEs are known for their ability to innovate and adapt quickly to changing market dynamics, which is especially important in today’s fast-paced economy. Due to their smaller size and flexibility, MSMEs can rapidly adjust their business strategies, adopt new technologies, and respond to customer needs. This adaptability fosters a culture of innovation that drives competitive industries and supports sustained economic growth.

Innovation among MSMEs can be observed in various forms, from developing unique products to adopting eco-friendly processes that contribute to sustainable development. By embracing sustainable practices, MSMEs not only enhance their market appeal but also support environmental goals, aligning economic growth with social responsibility. The cumulative impact of these practices ultimately benefits society at large, as MSMEs lead by example in pursuing growth that is both profitable and responsible.

Contributing to Regional Development and Wealth Distribution

One of the most significant ways MSMEs contribute to economic prosperity is through their impact on regional development and wealth distribution. Unlike large corporations, which may centralise operations in major urban centres, MSMEs tend to be geographically diverse. By spreading out economic activity, MSMEs support balanced growth, bringing wealth to less developed areas and reducing regional disparities.

This regional growth has further economic implications. As income levels increase in rural or remote areas, demand for various goods and services rises, encouraging additional business ventures. This effect cascades as new businesses open to meet the growing demand, further driving economic activity and creating a self-sustaining cycle of growth. MSMEs thus play a vital role in distributing wealth more equitably across regions, which is essential for achieving sustainable, nationwide economic prosperity.

MSMEs Strengthen Economic Resilience

MSMEs also contribute to economic resilience by creating a diversified economic structure less dependent on a few large players. In times of economic downturn, when larger corporations might scale back operations, MSMEs can step in to maintain economic activity. Their smaller scale and flexibility make it easier for them to adapt to changing economic conditions, whether it’s adjusting their supply chains, pivoting to new markets, or adopting cost-effective business practices.

The impact of MSMEs extends far beyond their individual contributions; through the multiplier effect, they help build strong, resilient economies that benefit all citizens. From creating employment opportunities and fostering innovation to supporting local supply chains and regional development, MSMEs help in economic growth in ways that are both immediate and long-lasting.

MSME market development assistance further enhances this potential by providing the tools and resources needed for these enterprises to grow and succeed. When MSMEs thrive, they create a cascade of economic benefits that reach all levels of society, from individual employees to entire communities. The power of MSMEs lies in their ability to multiply economic value, transforming economies and driving prosperity for all. As we continue to support and invest in MSMEs, we are investing in a future of sustainable, inclusive economic growth that leaves no community behind.

[walmartivista]

Empowering MSME Growth: Thrive Globally with Walmart Vriddhi’s E-commerce Training

The Walmart Vriddhi program offers a transformative approach to nurturing the capabilities of Micro, Small, and Medium Enterprises (MSMEs), helping them flourish in both local and international markets. This initiative is deeply rooted in India's ambitious 'Make-in-India' campaign, designed to integrate MSMEs into national supply chains and enhance their growth trajectories. The program is uniquely structured around an MSME training course for e-commerce, which is pivotal for businesses aiming to extend their reach through online platforms.

Central Features of the Walmart Vriddhi Program

Tailored Business Enhancement Plans:

The heart of the Vriddhi program lies in its commitment to providing each MSME with a customized business marketing plan. This plan is crafted to align with individual business goals and market realities, ensuring relevant and actionable strategies that lead to measurable growth.

Advanced E-commerce Training:

Recognizing the critical role of digital presence in today’s market, the program includes a comprehensive MSME training course for e-commerce. This course covers essential topics such as digital marketing, online customer engagement, website management, and secure payment gateways. It empowers entrepreneurs to confidently navigate the complexities of online sales and leverage the vast reach of e-commerce.

Immersive Learning via a Mobile App:

Accessibility is key in the Vriddhi program. All training modules are accessible through a user-friendly mobile app, providing entrepreneurs the flexibility to learn at their own pace and convenience. This virtual learning experience is immersive and interactive, designed to simulate real-world challenges and solutions.

Integration into Domestic and Global Markets:

The program facilitates seamless entry into both local and global supply chains, offering MSMEs a golden opportunity to expand their business horizons. This strategic market integration supports both online and offline business models, fostering growth and sustainability.

Personalized Mentorship:

A standout feature of the Vriddhi program is the personalized mentoring offered to each participating MSME. Experienced business strategists provide one-on-one sessions, offering guidance tailored to the specific needs and growth stage of the business. This mentorship is invaluable as it helps entrepreneurs refine their strategies and overcome specific challenges.

Networking Opportunities:

Participants of the program gain access to an exclusive network of industry leaders, fellow entrepreneurs, and potential buyers. This network is a rich resource for collaboration, innovation, and expansion, providing MSMEs with new perspectives and opportunities for partnership.

Continuous Support and Resources:

Beyond the initial training and mentorship, the Walmart Vriddhi program continues to support MSMEs through additional resources and ongoing guidance. This includes advanced modules in the MSME training course for e-commerce, updates on market trends, and access to cutting-edge tools and technologies.

Impact and Success Stories

The success stories emerging from the Walmart Vriddhi program are a testament to its effectiveness. Numerous MSMEs have reported significant growth in revenue, expansion into new markets, and enhanced brand recognition. These successes highlight the program’s role in not just facilitating immediate business growth but also in building a sustainable model for the future.

In conclusion, the Walmart Vriddhi program stands as a beacon of support for MSMEs looking to elevate their market presence, particularly in the e-commerce sector. With its comprehensive training courses, personalized mentorship, and robust support system, it equips businesses with the tools they need to succeed on a global scale. The journey with Vriddhi is not just about business growth; it’s about building a resilient, forward-thinking enterprise ready to meet the demands of a dynamic global market.

[touchaheartnews]

Polaris Bank Inducted Premium Member of Nigeria-British Chamber of Commerce

Lagos, Nigeria: September 13, 2024 – Polaris Bank has been inducted a premium member of the prestigious Nigeria-British Chamber of Commerce (NBCC), marking another milestone in the Bank’s journey. Towards enhancing profitable trade between businesses in Nigeria and promoting global commercial partnerships with businesses in United Kingdom. The induction ceremony which took place recently in Lagos…

[townpostin]

XITE Gamharia Hosts Entrepreneurship Session by Ashish Singh

AICTE-guided event features interactive ideation game, covers key business topics XITE Gamharia conducted an engaging session on entrepreneurship, featuring insights from industry expert Ashish Singh. JAMSHEDPUR – An interesting and engaging entrepreneurship session was conducted by Ashish Singh at XITE Gamharia, with an emphasis on national development and employment and it was participated by…

[dhallblogs]

NITI Aayog announces revised composition.

New Delhi: The National Institution for Transforming India (NITI Aayog) has unveiled its revised composition, aimed at enhancing its strategic leadership and effectiveness. The Indian government has reconstituted the National Institution for Transforming India (NITI Aayog), with Prime Minister Narendra Modi remaining as the chairperson and economist Suman K Bery continuing as the vice-chairperson.

ALSO READ MORE- https://apacnewsnetwork.com/2024/07/niti-aayog-announces-revised-composition/

[easynotes4u]

Project Report Preparation - MSMEs | Feasibility Analysis | Entrepreneurship Development

In this article we will discuss about the feasibility analysis or process of project report preparation for MSMEs Micro Small and Medium Enterprises in Entrepreneurship Development. nd lending institutions. There are five types of feasibility study—separate areas that a feasibility study examines, described below. Technical feasibility, Managerial feasibility, Marketing feasibility, Legal…

[amikasoftwares]

https://amikasoftwares.com/maharashtra-msme-excellence-award-2024/

We are happy to announce that Amika Softwares has been chosen as one of the top 10 nominees for the Maharashtra MSME Excellence Award 2024 in the category of The Best IT Consulting Firm in Maharashtra. Out of an impressive 1500 entries we come under top 10! This recognition highlights our dedication to providing top-notch technology solutions and making a real difference in the MSME community.

The Maharashtra MSME Excellence Award 2024 is a prestigious platform that recognizes MSMEs for their outstanding performance, innovation, and growth. Furthermore, by showcasing the achievements of top contenders like Amika Softwares, the award ceremony aims to inspire excellence. It also fosters collaboration within the MSME community.

[imageclassified]

Best digital marketing course in Nangloi

[techminsolutions]

Micro-Business Empowerment: Unveiling 5 Key Insights into CGTMSE Loan Schemes for Sustainable Growth

Micro-Business Empowerment: Unveiling the Pros and Cons of CGTMSE Loan Schemes for Sustainable Growth: Key Insights into CGTMSE Loan Schemes for Sustainable Growth India’s vast network of Micro, Small, and Medium Enterprises (MSMEs) forms the backbone of the nation’s economy. However, securing funding for these small businesses often proves challenging due to their perceived higher risk profile.…

[walmartivista]

The MSME entrepreneurship development programme, commonly known as the Walmart Vriddhi programme, is an online business training course that strongly emphasises eCommerce and firm modernization. In order to support MSMEs in the fiercely competitive climate of today, it is specifically created to provide training and counselling suited to promote their growth and overall development. 

[ramkirankavadi]

I'm thrilled to share with you an incredible #opportunity for aspiring #entrepreneurs and professionals in the #food#processing#industry! Join us for the Entrepreneurship Development Programme on Food Processing, a collaborative initiative between the prestigious National Institute for Micro, Small and Medium Enterprises (ni-msme) and the renowned #MANAGEMANAGE - National Institute of Agricultural Extension ManagementMANAGE CIA#agriculture#extension#management (MANAGE).

This comprehensive program, designed to equip participants with the knowledge and skills needed to thrive in the field of food processing, is set to ignite your entrepreneurial spirit and pave the way for successful ventures in this exciting domain 1️⃣ Identification of Food Processing Opportunities: Uncover untapped potential and discover lucrative avenues within the food processing sector. 2️⃣ MSME Schemes and Government Initiatives: Learn about the various support programs and initiatives available to empower your food processing enterprise. 3️⃣ Food Safety & Standards: Understand the importance of maintaining high-quality standards and compliance in the food processing industry. 4️⃣ Legal Compliances for Food Processing Industry: Gain insights into the legal aspects and regulations governing food processing ventures. 5️⃣ Marketing and Branding for Food Processing MSMEs: Master the art of effectively marketing and branding your food processing products to reach a wider audience. 6️⃣ Development of Food Processing Clusters: Explore the benefits of clustering and collaboration within the food processing sector for mutual growth. 7️⃣ Protecting Innovative Food Products through IPR: Discover strategies to safeguard your innovative food products through intellectual property rights. Why Attend? ✅ Gain in-depth knowledge about various aspects of food processing. ✅ Receive expert guidance, insights, and practical experiences from industry professionals. ✅ Expand your network by connecting with like-minded individuals and fellow entrepreneurs. ✅ Receive a prestigious Certificate of Participation, showcasing your commitment to professional growth.

👥 Who Can Attend? 🌱 Individuals who wish to start their own food processing business. 🍽️ Food processing entrepreneurs seeking to enhance their skills and knowledge. 👨‍💼 Professionals working in the food processing industry, eager to stay ahead of the curve. 🎓 Individuals involved in food processing research and academia, desiring practical insights. 🌍 Anyone interested in learning about the fascinating world of the food business.

Registration Link: https://lnkd.in/gyDSUgth

#msmes#foodprocessing#entrepreneurship#foodbusiness#nimsme#rural#agriculture#skills#FoodProcessingProgramme#development#professionalgrowth#onlinelearning#FoodProcessingIndustry#foodsafety#marketing#business#learning#opportunities#share#growth#collaboration#research#quality#network#branding#like#intellectualproperty

[townpostin]

ICSI Jamshedpur Chapter Hosts Seminar on Empowering Professionals

ICSI Jamshedpur Chapter organizes seminar on "Let’s Empower the Professional," focusing on preparing professionals for the future. The Jamshedpur Chapter of the Institute of Company Secretaries of India (ICSI) hosted a seminar titled "Let’s Empower the Professional" at a hotel in Bistupur on Saturday, highlighting the importance of technology in the professional realm. JAMSHEDPUR – The Institute…