We have been fighting the pandemic for the past one and a half years now. It has had a severe impact on all facets of our lives, the economy being the most severe of all.MSMEs were the most impacted by it. Due to the hardships of the pandemic, it became extremely difficult to manage them …
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Revitalizing MSMEs: Pandemic and Beyond
The COVID 19 pandemic has wreaked havoc on businesses across industries. While large organizations have all the resources to adapt to emerging technologies and internet tools to tackle some of the hardships due to the pandemic, Micro, Small and Medium Enterprises (MSMEs) find it difficult to keep up. Easy access to finance and its proper …
Digitalization Of MSMEs & SalaryBook’s Role
Micro, Small, and Medium Enterprises(MSMEs) are the backbone of India’s economy. The more they thrive, the better India’s economic condition becomes. But their growth is hindered by the gap created due to the lack of proper digitalization in an era where we spend almost one-third of a day in our lives in front of a …
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Job Crisis &The MSME Solution
According to the government data, the unemployment rate in India is slowly recovering back to the pre-Covid level. In February 2021, India’s unemployment rate was 6.9 percent, down from 7.8 percent in February 2020, indicating that the unemployment rate in the country had returned to pre-Covid levels. But this rate is still very high, in …
SalaryBook Features and How The App Helps Businesses
Getting started with a business is not easy in today’s world. There are several challenges regarding it. Starting a business requires money and innovative ideas and adaptability to the changes in the market scenario, which will help the business flourish. Several small business owners start a business and run it for a few days. But …
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Govt Include Retailers and Wholesale Traders Under MSME Sector
On Friday, the government reinstated retail and wholesale trade under the category of Micro, Small and Medium Enterprises(MSMEs) after 4 years, making such entities eligible for priority sector funding and special liquidity scheme from banks. According to MSME Minister Nitin Gadkari, this would benefit 2.5 crore enterprises across the nation. This is a move in …
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World MSME Day
The past week the world celebrated the Micro-, Small and Medium-sized Enterprises Day on June 27th. The UN General Assembly in its 74th Plenary held on the 6th April 2017 declared 27th June as Micro, Small and Medium-sized Enterprises Day, recognizing the importance of Micro, Small and Medium-sized Enterprises in achieving sustainable development goals and …
Uplifting The MSMEs In India
In accordance with the latest notifications released by the Ministry Of Micro, Small and Medium Enterprises, Government Of India(GOI), published in the Gazette Of India dated June 1st, 2020, the classification of micro, small and medium enterprises is as follows: a micro-enterprise is where the investment in Plant and Machinery or Equipment does not exceed …
The Challenging Tech
This is the millennium of technological marvels. While technology is supposed to make your life easier, sometimes, it makes our lives a wee bit more complicated. The world is divided into two groups- those who understand technological aspects and those who don’t. SalaryBook provides the MSMEs with a platform that is very easy to use …
Employee Recognition
In the state-of-the-art aggressive commercial climate, commercial enterprise proprietors are searching for improvements in quality while reducing costs. Meanwhile, a robust economy has resulted in a more demanding job market. So at the same time as small agencies want to get greater from their personnel, their personnel are seeking out greater out of them. Employee …