There’s no doubt that small and medium businesses are the backbone of the Indian economy. From Defense to Automobile to Services, MSMEs continue to be one of the largest employers in the country. But there’s a sense of backwardness at macro level that a lot needs to be done to encourage and motivate them to thrive and generate further employment and prosperity thereon.

The start-up boom has led and shown that there’s abundant capital availability, what could be missing is the formalisation of MSMEs in key three areas: Policy framework, access to finance and technology adoption.

TheSMEIndia, as a portal strives to focus on these three areas to create an environment at macro level to disseminate ecosystem challenges, perspectives and opportunities across industries.

Access to formal financial services from credit to insurance to investments the BFSI-FinTech ecosystem is fast evolving to serve the needs of MSMEs. On the Policy side, concerns around taxation, skill development, definitions, industry specific issues are important to be voiced and heard and similarly simplifying it for the ecosystem. Lastly, there’s no doubt the efficiencies of scale are enhanced and created using technology and smart processes, just how the industrial revolution during the colonial era revolutionised how goods were manufactured and consumed, the same is being seen at the cusp of Industry 4.0 by adopting emerging technologies.

In simple words, TheSMEIndia stands to keep MSMEs updated with insights on Policy, Finance & Technology.