Introduction: A digital escrow mechanism is a secure and trusted online arrangement used to facilitate transactions between two parties (Buyer and Seller), especially in situations where there might be concerns about trust or risk. It ensures that both parties fulfill their respective obligations before the transaction is completed and the
One of the best GDP growth stories in the world currently is that of India. Despite facing economic challenges, India's GDP has been growing steadily over the past few years, with a growth rate of over 6 % in 2023. One of the key contributors to this growth is the SME
Traits of a businessman to be successful one need to have passion and motivation, creativity and innovation, persistence and resilience, risk-taking ability, strong leadership skills and adaptability. For a Entrepreneur to be Successful and make the Company grow from Micro to Small to Medium, need to have a strong Execution
India has a vibrant MSME (Micro, Small and Medium Enterprises) sector that plays a significant role in the country's economic growth, MSMEs are contributing around 35% to Indian GDP. In recent years, the government has implemented various policies and schemes to leverage the potential of this sector and enhance its
The COVID-19 pandemic has caused unprecedented disruptions to businesses across the world, with micro, small, and medium enterprises (MSMEs) being one of the worst affected. In India, MSMEs contribute significantly to the economy and provide jobs to millions of people. To support them during these difficult times, the Indian government
Understanding Microfinance Microfinance services are provided to unemployed or low-income individuals because most of those trapped in poverty, or who have limited financial resources, do not have enough income to do business with traditional financial institutions. Despite being excluded from banking services or recently connected through PM’s Jan-Dhan Yojna
The Micro, Small, Medium Enterprises (MSME) is one of the most important sectors in the Indian economy, contributing almost 29% to the country’s GDP, and an employer to more than 11 crore people in its 6.3 crore enterprises[1]. Despite this, the sector has always faced ease of
As a small business grows, it is not surprising for the owners or managers to reach a stage where sales stagnate, or it is difficult to figure out the most effective marketing or business development strategies or where one is not able to find the requisite number of employees. The
India's micro, small, and medium-sized enterprise (MSME) sector is thriving. According to the Ministry of Micro, Small, and Medium Enterprises' MSME census, India has over 6.5 crore MSMEs. This figure is only expected to rise as the fifth generation of founders expand their enterprises. In many other countries, business
