India's largest SME Consulting Platform

Connect with India’s Top SME Consultants

8000+

Expert Consultants

1,00,000+

Consulting Hours

60,000

MSMEs Mentored

Talk to Our Our SME Consultants

View

Leaders In SME Consulting

Awards & Media

SME Consulting
SME Consultants
MSME Consulting
MSME Consultings
MSME Consulting
SME Consulting

SME Sector in India

MSMEs play an important role in the economic growth and employment generation of any country. The MSME sector is considered the backbone of the Indian economy.

The number of MSMEs in India has grown rapidly over the past few years. In India, there around 63 million micro, small and medium scale enterprises, as per the government. These industries contribute to over 45% of the country’s manufacturing output, 40% of exports, and 30% of GDP. The government aims to increase the contribution of the sector to GDP to 50% in the next five years.

These industries provide employment to more than 110 million people in the country. The micro-enterprises comparatively provide more employment opportunities than the small and medium scale enterprises.

Government Schemes for MSMEs

Like every other sector, the MSME sector was hit badly by the Covid-19 pandemic. The impact of the pandemic on the MSME sector is huge due to the unorganized nature of the sector.

The Government of India has taken a lot of initiatives to help the sector recover from the pandemic. The government has revised the definition of MSMEs in the country by increasing the investment and annual turnover limits. This helps them avail more benefits from the government schemes directed at the MSME sector.

Under the Atmanirbhar Bharat scheme, the government has announced several measures for the MSMEs, including Rs. 20,000 Cr. Subordinate Debt for Stressed MSMEs, Rs. 50,000 Cr. Equity Infusion for MSMEs through Fund of Funds, Disallowing of Global Tenders Up-to Rs. 200 Cr. Projects, Rs. 3 Lakh Crore Collateral-free Automatic Loans, etc.

Companies Availed SME Consulting Services

SME Consulting
SME Consultants
MSME Consulting
MSME Consultings
MSME Consulting

Challenges Faced by MSMEs

Despite their vital in the economy and the support from the government, the SMEs in the country continues to face several challenges. Some of the major challenges faced by micro, small and medium industries include low awareness about the technology, poor infrastructure facilities, availability of skilled workforce, availability of raw materials, funds, etc.

The government is implementing numerous schemes to provide financial assistance to MSMEs in the country. However, most of the MSMEs have little awareness about how to get financial assistance from the government. There exists a huge gap between the MSMEs and the government, which is eventually impacting the reach of government schemes.

Read More

Services

Market Research
Market Research
Product Development
Product Development
Plant Setup
Plant Setup
Funding
Funding
Machinery Installation
Machinery Installation
Technology Adoption
Technology Adoption
License & Certifications
License & Certifications
Packaging & Distribution
Packaging & Distribution

How SolutionBuggy Can Help ?

SolutionBuggy is India’s largest MSME consulting platform with a network of more than 8,000 consultants. We help businesses who are looking for MSME consulting by connecting with professional consultants. Our SME consultants, by providing the required expertise, help businesses address their challenges.

We provide a wide range of SME consulting services, right from market research and product identification to marketing and sales.

Why Contract Manufacturing from SolutionBuggy?

If you are an MSME looking for consulting services, then kindly register with SolutionBuggy. We provide you access to trusted and verified MSME consulting experts who can you overcome your business and technical challenges.

Trusted & Verified FSSAI License Consultants

Trusted & Verified FSSAI License Consultants

End-to-end Assistance

End-to-end Assistance

Confidentiality

Confidentiality

Time & Cost Savings

Time & Cost Savings

Great team, I appreciate the follow-up they keep up with their customers about each and every detail. Kudos to your initiatives and thanks solution buggy for the regular update.

Chandrashekhar Pathak

Across India : Delhi | Pune | Mumbai | Chennai | Ahmedabad | Hyderabad | Kolkata, and 30+ major cities across India

Copyright © 2024 SolBuggy. All Rights Reserved

  1. Sitemap |
  2. Terms & Conditions |
  3. Privacy Policy
Consult NowCall UsWhatsApp(24/7)