What resources are available to help start and grow a small business?
Curious about Small Business Resources
There are many resources available to help start and grow a small business in India. Here are a few examples:
1. Government resources: The Indian government provides a range of resources to support small businesses, including funding, training, and advisory services. Some of the popular government schemes for small businesses include the Prime Minister's Employment Generation Programme (PMEGP), Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), and Micro Units Development and Refinance Agency (MUDRA).
2. Incubators and accelerators: There are many business incubators and accelerators in India that provide mentorship, funding, and other resources to earlystage startups. Some of the wellknown incubators and accelerators in India include Startup India, THub, and 91springboard.
3. Industry associations: Industry associations, such as the Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (FICCI), offer networking opportunities, training programs, and advocacy on behalf of small businesses.
4. Online platforms: There are many online platforms that provide resources and support for small businesses, including business planning tools, accounting software, and marketing resources. Some of the popular online platforms for small businesses in India include Tally, Zoho, and QuickBooks.
5. Nonprofit organizations: Nonprofit organizations, such as the National Small Industries Corporation (NSIC) and the Small Industries Development Bank of India (SIDBI), offer a range of services to support small businesses, including funding, training, and advisory services.
These are just a few examples of the many resources available to small businesses in India. By tapping into these resources, small business owners can gain the support they need to start and grow their businesses.