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The PM Vishwakarma Scheme, launched by the Government of India, is a transformative initiative aimed at supporting traditional artisans and craftsmen. Recognizing their vital contribution to India’s cultural and economic heritage, this scheme is designed to enhance their skills, improve their livelihood, and promote sustainable development. What is the PM Vishwakarma Scheme? The PM Vishwakarma […]

TReDS, or the Trade Receivables Discounting System, is an initiative by the Reserve Bank of India (RBI) to help Micro, Small, and Medium Enterprises (MSMEs) get their payments faster from large corporations, government departments, and public sector units (PSUs). Objective of TReDS TReDS was created to address two main challenges faced by MSMEs: By bringing

Businesses in India are categorized into Micro, Small, and Medium Enterprises (MSME) based on two key factors: investment in plant and machinery and annual turnover. This classification plays a vital role in defining the economic backbone of the country. The MSME sector contributes significantly to the Indian economy, accounting for: By driving uniform growth across