Information Technology leading path of Indian MSMEs to march as Champions
Technology is very diverse in its forms; one of its branches is Information Technology (IT), which acts as a boon for MSMEs. IT has a great impact on all aspects of life and it is transforming the global economy in terms of ways of doing business. IT has a huge impact on most industries and usage of these technologies is reforming the rules of business, leading to the structural transformation of enterprises and businesses. Use of correct technology for businesses can lead enterprises touch sky-high successes, as accurately stated by Prime Minister Narendra Modi, “I see technology as a means to empower and as a tool that bridges the distance between hope and opportunity”. Information Technology plays an essential role in escalating the profitability of the organizations. It also gives rise to competitiveness among the Small and Medium Enterprises (SMEs) making them think about the research and development along with the availability of the latest technology. IT is a mechanism, which enables SMEs to respond to customers’ complaints and requirements efficiently by enabling information to be transmitted through various mediums including emails, telephonic, and social media channels. Enterprises can use various platforms of IT services for learning, marketing and advertising, selling their products and services, as well as trading, among various other uses of this technology.
MSMEs are Engines Our Economy Achieve Sustainable Development
The environment is an essential part of our existence, which further depends on the works that we do to earn a living. Industrialization or doing business and environment go hand in hand. To excel in both the fields- environment and industrialization, we need to adopt green technologies leading us on a path of sustainable development. The environmental sustainability revolves around making environmental friendly decisions and taking relevant actions that protect the nature, emphasizing on preserving the capability of the environment to further support our existence. At present, it is an important issue, as people are realizing the full impact that businesses and people can have on the environment and nature. It is not simply about reducing the amount of waste you produce or using less energy; however, it is concerned with developing processes that will lead to businesses becoming sustainable in the future and helping in saving our planet with better eco-friendly technologies.
Kerala targets Rs 1,000 crore from coir geotextiles
Kerala has targeted a business of Rs 1000 crore from coir geotetiles through its aggressive marketing across the country in the next few years. Kerala finanance minister Thomas Issac said he hopes to train around 100 engineering graduates in the dynamics of geo textiles and send them across the country as brand ambassadors to market the product. ``They will act as startups for geo textiles and the government will provide all support to them,’’ he said on the side lines of international coir meet called Coir Kerala being held in Alappuzha The government is banking on coir geo textiles to pull the aging coir industry in the state out of the woods and to regain its lost glory. `` We expect to get Rs 100 crore order for geo textiles from together from all the local panchayats under Mahatma Gandhi national rural employment guarantee scheme (MGNREGS),’’ he said.
Coir, coir product exports weather Covid disruptions
India’s coir and coir product exports seem to have weathered the Covid-19 crisis, even as several other sectors have taken a hit in the global markets. “Coir and coir products could fetch an export revenue of ₹2,400 crore till February and we will, in all probability, close the numbers (this year) almost similar to last year’s ₹2,800 crore. The final figures up to March 31 in FY20 are yet to be scrutinised,” said M Kumararaja, Secretary, Coir Board.
NCRMI Recruitment 2020
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Swachh Bharat Abhiyaan
Swachh Bharat Abhiyan (SBA) is an initiative by the Modi administration towards a cleaner India. The main aim of Swachh Bharat Abhiyan is to eliminate open defecation, which it plans to achieve by the end of 2019. For this, the government is deploying over 12 million toilets in rural India at a projected cost of Rs 1.96 lakh crore. The campaign was officially kickstarted on October 2, 2014 by PM Narendra Modi. SBA has been termed as the biggest cleanliness drive in India with over 3 million government employees, school and college students involved in the project. The program has also received funding and technical support from the World Bank. A total of $1.3 billion was allocated to them for the project in the 2016 Union budget of India. The government is in the process of deploying a nationwide real-time monitoring system for toilets under the program. As of November 30, 2016, Total Sanitation Coverage throughout India has risen to 57.56% up from 42.02% since the day Swachh Bharat Abhiyan was launched.
SFURTI Scheme update given in the Parliament-Rs 2.3 crores budget allocated
The Ministry of MSME (Micro, Small and Medium Enterprises) on February 3, 2020, provided an update on the SFURTI scheme being implemented. About the Scheme The scheme SFURTI-Scheme of Fund for Regeneration of Traditional industries was launched in 2005. It enhances production of Khadi industries and artisans. Also, under SFURTI, the scheme for rural industries Service Centre (RISC) is being implemented. The scheme for Product Development, Design Intervention and Packaging is also implemented under SFURTI. Highlights A total amount of Rs 2.3 crores has been sanctioned for the scheme in the budget 2020.The Ministry updated the house that currently the scheme is working towards the following Developing clusters of Traditional industries for a period of 5 years To strengthen active participation of local stakeholders To make the traditional industries more competitive To build market intelligence, advanced processes, traditional skills and cluster based regenerated traditional industries. The clusters will focus on silk, handicrafts, cane products and bamboo in the year 2020-21.