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

Other news

Maha Kumbh: 13 thousand trains will run in 45 days... Tickets will be available without standing in line; trains will come from these long-distance cities

For the biggest gathering of faith Maha Kumbh, the railway will run 13 thousand trains in 45 days

President Vladimir Putin's health suddenly deteriorated, and an army of doctors ran

Ever since the war between Russia and Ukraine began, there have been reports of President Vladimi

Hamare Baarah: 'Humare Baarah' is ready for release as soon as it gets relief from the Bombay High Court, and will hit the theatres on this day

The Supreme Court stayed the release of Annu Kapoor's film 'Humare Barah'. The film, which was to

Rupee vs Dollar: Rupee strengthens by 67 paise against dollar, reaches 82.14 level

The rupee on Thursday strengthened by 67 paise to reach the level of 82.14 against the dollar. Th

Bro Movie Review: Pawan Kalyan's BRO released in theatres, do not miss these five films of Power Star

Pawan Kalyan BRO releases In Cinemas: The big name of the Telugu film industry 'Pawan Kalyan' nev

Samay Raina's fun update on the return of India Got Latent, also announced a comeback tour.

Famous comedian Samay Raina is once again in the headlines. Recently, a question from the paparaz

Abhinav Arora: How big a devotee of Krishna is Abhinav Arora, live test done, you will bang your head after hearing the answer

A video of content creator Abhinav Arora went viral on social media, and Jagadguru Swami Rambhadr

Ayodhya Ram Mandir: 392 pillars, 44 doors, and 161 feet height...built in Nagara style; Know the special features of Ram temple

Preparations are being finalized for the consecration of Ram Lalla to be held in Ayodhya on 22 Ja

Delhi Liquor Policy: Hearing today on the petition demanding regular testing of Kejriwal's sugar level, ED gave this answer

Delhi Chief Minister Arvind Kejriwal's plea to get his sugar level checked regularly and consult

Wrestlers: Wrestlers rallied after Sakshi-Vinesh's tears, again opening the front against the new WFI President and Brij Bhushan.

Wrestling Federation of India (WFI) and Brijbhushan Sharan Singh are once again in the news. The