The overriding reason for anyone to think of establishing a MSME unit can be summarised in one word – OPPORTUNITY. If one can see an opportunity to provide a product or service in a manner to generate sufficient surplus, then one way is to start up a MSME unit. This is all the more true if one believes in the maxim, “Small is Beautiful”. So, let’s get an idea for How to Set Up a Project (unit) of MSME.

 

Opportunities emerge out of ideas that one comes across by thinking about lives of friends and neighbors. This can generate ideas about products and services that can make things easier, and improve quality of life of people.

 

“The overriding reason for anyone to think of establishing a MSME unit can be summarised in one word – opportunity. An opportunity to provide a product..

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Choices of process technology emerge once the product is finalized. For some complex products, process know how has to be imported. In such cases agreements..

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Long and medium term loans are provided by State Financial Corporations, SIDBI and State Industrial Development Bank of India (refinance and direct lending)

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After deciding the issues of product and process, the next important question is where to set the unit up? For many tiny units and service-based units, the home is perhaps the best

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Section 8 of the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 provides for filing of memorandum by a Micro..

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Every SSI unit has to comply with various regulations in force. These include regulatory, taxation, environmental and certain..

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An entrepreneur has to obtain several clearances or permissions depending upon the nature of his unit and products manufactured..

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Quality certification has become extremely important in competitive markets and especially in gaining foothold in exports. To avail..

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