E-Commerce Platform: E-commerce's key role in increasing the profit of MSMEs


Posted on 28th Jun 2022 12:59 pm by rohit kumar

E-commerce platforms have helped the Micro, Small, and Medium Enterprises (MSME) industry to increase profits, reduce marketing expenses, and access new markets. Union Minister of State Bhanupratap Singh Verma said at the Confederation of Indian Industry (CII) conference that MSMEs play an important role in expanding manufacturing in the country and generating employment.

 

The MSME industry needs more attention to make India a $5 trillion economy, he said. Simultaneously, small businesses need to improve their management skills and make technology smart. He said that the Emergency Credit Facility Guarantee Scheme (ECLGS) started to revive this industry during the Corona epidemic. After facing many waves of corona with the help of this, now this industry is standing firmly. A total loan of Rs 3.47 lakh crore was guaranteed under the scheme. Out of this, Rs 2.31 lakh crore was given to the MSME sector.

 

The government is working for easy borrowing

 

BB Swain, Secretary, Ministry of MSME said that the government is working on providing easy credit to the MSME industry. In the program organized on MSME day, he said that access to affordable credit remains a challenge for all. Therefore, efforts are being made to solve this problem.

 

ICICI Lombard to settle the claim in 10 days

 

ICICI Lombard General Insurance has said that it will settle claims of MSME customers up to Rs 5 lakh in 10 days. For this, with the help of artificial intelligence and other data analysis, this work will be completed. In a statement, the company said this would include assets and marine claims.

 

Also Read: Rice Price Rise: Effect of rice shortage in Bangladesh on India, prices increased by 10% in five days

1 Like 0 Dislike
Previous news Next news
Other news

Road Transport Minister Gadkari told in the Lok Sabha – the construction of 4760-kilometer highway so far, the target is still far away

It is becoming difficult for the Union Ministry of Road Transport and Highways to achieve the tar

India exposed Pakistan's lies in front of Muslim countries, Shrikant Shinde said- we exposed it with evidence.

Pakistani propaganda has been exposed among the member countries of OIC. After Operation Sindoor,

Tunisha Sharma: 'Tunisha was like my sister...', Sheezan's sister claims - the actress did not have good relations with her family

After the murder of Tunisha Sharma, many twists and turns have come to the fore in this case. Rec

Sunny Deol did not like Animal! Said- 'I don't like some things', said this big thing about brother Bobby Deol

Sunny Deol On Animal Movie: The action-packed film Animal, directed by Sandeep Reddy Vanga, is in

Delhi Elections 2025: After meeting Shah, 360 Khaps supported BJP, the battle for power is in its final phase

Palam 360 Khap met Union Home Minister Amit Shah on Sunday and announced support for BJP in the a

Students and police clashed during Sonam Wangchuk's protest in Leh; the BJP office and a CRPF vehicle were set on fire.

A protest is underway in Leh, demanding full statehood for the Union Territory of Ladakh. Violent

Hate Speech Case: Punishment, fine and bail in Hate Speech case, Azam Khan said – 'I am convinced of justice'

Azam Khan: Samajwadi Party's big leader Azam Khan has been sentenced to 3 years in jail by the Ra

IND vs SA: Will the Indian team be successful in drawing the series? Know the weather in Cape Town

The second test match between India and South Africa will start today on the grounds of Cape Town

PAK Minister of State for Foreign Affairs reached Kabul without hijab: Video of Hina Rabbani with Taliban leaders goes viral

There has been tremendous tension on the border between Pakistan and Afghanistan for almost 6 mon

Russia-Ukraine War: Loud explosions were heard in Kyiv and surrounding areas, know the latest situation

Loud explosions were heard in Ukraine's capital Kyiv and surrounding areas in the early hours of

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash