Connect with India’s Top SME Consultants
Talk to Our SME Consultants
Awards & Media
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.
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.
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.
These days, technology has been disrupting the operations across various industries. But, due to a lack of awareness about the scope of technology, very few MSMEs have been able to leverage the potential of technology for business growth.
The primary reason for most of the challenges of SMEs is the lack of expertise to address the problems. The MSMEs, owing to financial limitations, cannot afford to have in-house experts who can help them address their challenges. At the same time, finding a freelance consultant for assistance in addressing the problems is not an easy task, as the consulting space is quite fragmented.
Some of our consulting services
Industries
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.
Trusted & Verified Consultants
Time & Cost Savings
Confidentiality
Turnkey Solutions
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.
An excellent platform for companies and consultants. Very diverse portfolio of companies and consultants. Absolutely cooperative, courteous executives and managers, very professional working. I am very satisfied!
Very Nice platform to engage technical people and industry who need technical idea, information and process/product development!
Sharing great experience being partnering with Solution Buggy , right through starting till now has been very much supportive , facilitating in right selection of opportunities at their platform , timely and effective communication ensuring no delay . Solution Buggy is a platform where industry and expert both have equal opportunities to grow together
Solution Buggy I would say is a Good Platform for Industry providing guidance in every field of Business satisfying requirement of Industry,through Consultation and right place for Knowledge Distribution
Amazing Platform!!! Highly appreciated!!!. Excellent platform for both the Experts & industries to connect. I have been associated with Solution Buggy close to 2 Years. Its has been a fantastic experience to connect with SMBs and deliver excellent projects which is great fit to my excellence. Kudos to the internal coordinators. I have experienced a lot of great efforts in terms of support and technical issues. Hurrayyy!, Recently, I have renewed my subscription again. Hope for a great year ahead and all the best SB for all your future endeavours.
Consult Now
Call Us