Category: MSME
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Early Fruits of PLI Scheme
Introduction The Production Linked Incentive (PLI) scheme in India has emerged as a game-changer, promoting growth and innovation in various sectors of the economy. Aimed at boosting domestic manufacturing and reducing imports, the scheme provides financial incentives to eligible firms on incremental sales for a five-year period. With its emphasis…
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Time to have Centre for Excellence for Indian MSMEs
Introduction: Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the Indian economy, contributing significantly to employment generation and economic growth. However, these enterprises often face challenges such as limited access to finance, technology adoption, market access, and skill development. The existing dispensation like MSME-DI DICs failed to address…
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A long way to go to have Right Public Policy for MSMES in India
Introduction: Micro, Small, and Medium Enterprises (MSMEs) have always been an integral part of the Indian economy, contributing significantly to GDP, employment generation, and manufacturing output. Over the years, public policy towards MSMEs has evolved to address their unique needs and challenges. This article critically analyzes the evolution of public…
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The Potential of CBDC and Credit Card Innovations in Cross-border Transactions
Introduction As technology continues to advance, the payment industry constantly strives to enhance convenience and seamlessness for users. Credit cards have long been a popular payment method, and recent innovations have further propelled their capabilities. Additionally, the emergence of Central Bank Digital Currency (CBDC) has the potential to revolutionize cross-border…
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Delayed Payments to MSMEs in India
Introduction Micro, Small, and Medium Enterprises (MSMEs) are vital contributors to India’s economy, driving employment generation and economic growth. Unfortunately, delayed payments continue to plague MSMEs, posing significant challenges to their cash flow and operations. This article aims to explore the underlying issues causing delayed payments, discuss the steps taken…
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