E-Commerce and MSME Growth

Alternative Perspectives

E-commerce - A boon for MSMEs

The Micro, Small & Medium Enterprises (MSMEs) sector has emerged as the fastest-growing Indian economy sector with a vast contribution to its overall GDP. This sector stimulates growth and contributes to the country’s socio-economic development by promoting entrepreneurship & providing employment opportunities to millions at low cost. Over the past few decades, MSMEs have emerged successfully, giving tough competition to large industries and contributing remarkably towards the country’s industrial development. These MSMEs are expanding not only in the domestic market but globally too, with tremendous support from e-commerce. Read More

Grassroot Initiatives

E-commerce in MSME Growth - Flipkart SAMARTH

According to the Ministry of MSME, there are about 1.4 million 'registered' micro, small and medium enterprises, across the manufacturing and services sectors in India. While describing the overall landscape for MSMEs in the country, the MSME annual report by the Ministry of Micro, Small and Medium Enterprises (2021), highlights the lack of market access as one of the key challenges faced by MSMEs in India. This problem is solved by E-commerce platforms. They create market access opportunities for MSMEs through their supply chain and delivery partnerships. Flipkart Samarth is an initiative by Flipkart Private Limited Company, dedicated to empowering sections of society that are less privileged or bodies that are committed to a greater good. Through this program, we aim to support these sections by providing them with opportunities that’ll help them attain financial independence.
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Data and Trends

IN THE NEWS

How e-commerce has been a game changer for Indian MSMEs

With the advent of the internet, the MSME have gained muscle like never before by catering to an online audience. Read More

E-commerce adoption boosts Central Java MSME transactions 1.5-fold

As the pandemic has driven much of the world online, consumer habits too have shifted accordingly. Read More

The Festive Season Presented an Opportunity to Over 47.78 Lakh MSMEs in Maharashtra to Double Their Revenue

51% of household shopping during the festive season preferred using e-commerce sites, with 80% buying from small businesses, artisans, and weavers, according to LocalCircles. Read More

Indifi records resurgence in credit demand; crosses the 500 cr AUM mark

Digital financial services company Indifi Technologies announced that it has recorded a resurgence in credit demand in the wake of the Covid pandemic. Read More

EVENT

SME Finance Virtual Marketplace - Sixth Session - Investors | 15 Jan 2022 | 18:30 to 19:30 IST (GMT +05:30)

The "SME Finance Virtual Marketplace" is an online match-making platform that promotes partnership and collaboration between members of the SME Finance Forum, especially financial institutions, fintech companies and development finance institutions / investors. The virtual Marketplace is powered by GlobalLinker, an AI powered 'Digital Ecosystem' offering SMEs a range of services to build digital presence including e-commerce. Read More

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