How Kirana Stores Can Maintain Stocks After Covid-19
Kirana stores in India have grown as much as any other business model in the past few years. Rising time restrictions in today’s frenetic life and the Covid-19 pandemic have given birth to the improved version of the Kirana store that people witness today. Gone are the times when the customers had to tour several stores to purchase their preferred essential items. Nowadays, everything is readily available under one roof. While it became convenient for the customers, Kirana business owners encountered countless challenges, especially during hard pandemic times. Managing assorted inventory stocks, equaling the business trends, dealing with a Kirana
Read more7 Ways MSMEs Can Apply for A Business Loan
MSME stands for Micro, Small, and Medium Enterprises, which are small businesses that offer a variety of services to the community. If you’re looking to start a small business, you will require getting MSME registration and GST registration done. You will also require some capital to start a small business. Opting for a loan can help you here! A loan for MSME can be obtained from a bank or other financial institution in order to raise capital to establish a new business or grow an existing one. The interest rate charged by the bank is decided by the amount borrowed
Read more7 Daily Struggles of a Kirana Shop Owner [How to Deal With It]
Every business, whether big or small, faces challenges at some point during its business survival phase. This is no different when it comes to Kirana stores. Almost every person in India depends on the Kirana stores for purchasing essential items. Kirana proprietors have a dedicated customer base and attend to the particular needs of a neighbourhood or community, even with a modest setup. However, as global retailers and e-commerce behemoths expand, Kirana owners are struggling to stay competitive. With traditional tactics, they can no longer rely on their consumer base. To succeed in their industry, they must have a competitive
Read moreHow Ziploan Helping MSMEs Rising Again After Covid 19 Crisis
India’s MSME (Micro, Small, and Medium Enterprise) sector plays a pivotal role in economic growth. It contributes to approximately 30 percent of the national GDP and is a requisite generator of employment, with roughly 6.33 crore Micro, Small and Medium Enterprises hiring more than 11 crore people. Moreover, this sector also occupies more than 40 percent of the country’s cumulative exports. MSME’s contribution to the GDP is likely to rise to almost $1 trillion by the year 2026. However, despite its vital economic contributions, MSME is one of the many business sectors hit hard by the COVID-19 pandemic early this
Read morePLI Scheme for Textile – Cabinet Approves ₹10,683 Crore PLI Scheme
The Union Cabinet today approved the PLI Scheme for Textiles which will boost domestic manufacturing and exports through MMI apparel, MMI fabrics, as well as 10 segments/products of technical fabrics with an outlay of around Rs 10,683 crore for the textile sector. For the textiles sector, on Wednesday, September 8, the government approved a program called production-linked incentives (PLIs). In addition to directly creating jobs, the scheme will support multiple lakhs more indirect jobs as well. As part of the incentives approved for the textiles sector, the payout will be spread over a five-year period. PM Narendra Modi presided over
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