Articles by "MSME"
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“Almost 60% of MSMEs PlantoDigitize their Business Processes by 2025”, Reveals Vi Business ReadyforNext MSME Growth Insights Study Vol 2.0, 2024

Ludhiana, July 05, 2024 (News Team):
Medium, Small, and Micro Enterprises (MSMEs) are the backbone of India’s economy, currently contributing~30% to the country’s GDP. There are several studies that suggest MSMEs will boost their GDP contribution to 35-40% by 2027. Hence, it is crucial for MSMEs to adopt digital transformation to unleash their growth potential and play a pivotal role in making India a Viksit Bharat (a developed economy) by 2047. Recognizing the need for digital adoption, GoI has introduced several key initiatives and policies such as Make in India, Aatmanirbhar Bharat, Udyam Portal, Udyami Mitra and others to enhance productivity, streamline operations, and boost the overall competitiveness of the MSME sector.
Vi Business Launches ‘Ready for Next’
Ludhiana, June 29, 2022 (News Team)
: Post-pandemic business impact, excessive liquidity crunch and tectonic shift has made MSMEs vulnerable. Keeping these challenges in mind on the occasion of World MSME Day, Vi Business, the enterprise arm of India’s leading telecom operator
Pankaj Gadgil, Head - Self Employed Segment, SME and Merchant Ecosystem, ICICI Bank
Ludhiana, June 17, 2022 (News Team):
ICICI Bank today announced that InstaBIZ aims to help micro, small and medium (MSME) enterprises grow in Punjab and Haryana as the first-of-its-kind app for business banking offers a host of benefits for all, including customers of other banks. The host of benefits being offered by the new version of InstaBIZ can be put into three categories: i) enhanced banking services for existing customers, ii) a bouquet of banking services to MSMEs, who are customers of other banks, iii) a whole range of value-added services for all. With this, the new version of InstaBIZ, which was unveiled last month, brings forth a significant shift from the existing industry practice where banks offer services only to their customers.