{"id":13623,"date":"2020-05-04T18:45:05","date_gmt":"2020-05-04T13:15:05","guid":{"rendered":"https:\/\/www.instamojo.com\/blog\/?p=13623"},"modified":"2021-06-04T13:10:02","modified_gmt":"2021-06-04T07:40:02","slug":"governments-new-msme-ideas-portal-could-bring-your-dream-business-to-life","status":"publish","type":"post","link":"https:\/\/www.instamojo.com\/blog\/governments-new-msme-ideas-portal-could-bring-your-dream-business-to-life\/","title":{"rendered":"Government\u2019s new MSME Ideas Portals Could Bring Your Dream Business to Life"},"content":{"rendered":"<p class=\"p1\">The Government is developing an MSME ideas&#8217; portal so businesses can submit them and find a way to start, execute, or implement these ideas.<\/p>\n<p class=\"p1\">India is slowly getting back to business, but due to the slamming impact of the lockdown, many small businesses are adversely affected, and people have quit\/lost their jobs.<\/p>\n<p class=\"p1\">To combat the sudden unemployment spike, and promote new business through \u2018information sharing\u2019, the MSME Ministry launched an idea portal for MSMEs. On this ideas portal, MSMEs can share ideas, innovative research and receive public reviews before launching them.<\/p>\n<h2 class=\"p1\"><strong>Features of the MSME Ideas Portal<\/strong><\/h2>\n<ul>\n<li class=\"p1\">The <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/ideas.msme.gov.in\/\" target=\"_blank\" rel=\"noopener\">MSME Ideas portal<\/a><\/span> will facilitate venture capital investors to connect with businesses. MSMEs must ideally have a patent in place when pitching a business idea.<\/li>\n<li class=\"p1\">The MSME ideas portal, launched by Minister Nitin Gadkari, will act as a <strong>one-stop-shop for details about all MSME schemes offered by the central government and the other state governments.<\/strong><\/li>\n<li class=\"p1\">The new portal aims to cater to new businesses based in rural and semi-urban regions.<\/li>\n<li class=\"p1\">Registered users can rate different business ideas. VCs can connect with users who have an idea, innovative approach or research. This initiative has come into effect, keeping in mind the farming sector.<\/li>\n<\/ul>\n<blockquote>\n<p class=\"p1\">\u201c We are sure the ideas portal will improve business ranking for upcoming MSMEs and will help bring about a transformational significance for MSMEs.\u201d &#8211; Nitin Gadkari<\/p>\n<\/blockquote>\n<h2 class=\"p1\">The CHAMPIONS portal<\/h2>\n<p>Champions ( <strong>C<\/strong>reation and <strong>H<\/strong>armonius <strong>A<\/strong>pplication of <strong>M<\/strong>odern <strong>P<\/strong>rocesses for <strong>I<\/strong>ncreasing the <strong>O<\/strong>utput and <strong>N<\/strong>ational <strong>S<\/strong>trength)<\/p>\n<p>Pretty self-explanatory from the full form, the <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/champions.gov.in\/MyMsme\/grievance\/COM_Grievance_Welcome.aspx\" target=\"_blank\" rel=\"noopener\">CHAMPIONS portal<\/a> <\/span>is started by the Government and is in motion now.<\/p>\n<h4>What does CHAMPIONS do?<\/h4>\n<p><strong>Addressing Grievances:\u00a0<\/strong>The Government wants the MSME sector to address all their grievances in the Champions portal. All you need to do is click on the website and direct your issue to the concerned person.<\/p>\n<p><strong>Explore new opportunities for business<\/strong>: If you have already set up a business, but face issues with marketing, communications or technology, then you can direct your problems to the Champions portal and get the required assistance.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">CHAMPIONS portal brings to you a one-stop solution for all your problems. Register now to get solutions to all your troubles. Champions Registration link: <a href=\"https:\/\/t.co\/3k08wV1fLS\">https:\/\/t.co\/3k08wV1fLS<\/a><a href=\"https:\/\/twitter.com\/hashtag\/MSMEChampions?src=hash&amp;ref_src=twsrc%5Etfw\">#MSMEChampions<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/MSME?src=hash&amp;ref_src=twsrc%5Etfw\">#MSME<\/a> <a href=\"https:\/\/t.co\/2GPlZ4ZZwc\">pic.twitter.com\/2GPlZ4ZZwc<\/a><\/p>\n<p>\u2014 Ministry of MSME (@minmsme) <a href=\"https:\/\/twitter.com\/minmsme\/status\/1269252881280106498?ref_src=twsrc%5Etfw\">June 6, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 class=\"p1\">GeM &#8211; another government portal MSMEs can use<\/h2>\n<p class=\"p1\">The Government is currently on the lookout for medical and inventory supplies for their offices, and you can be their supplier!<\/p>\n<p class=\"p1\">Now, you can sell on the <a href=\"https:\/\/www.instamojo.com\/blog\/government-e-marketplace-gem-everything-msmes-need-to-know\/\" target=\"_blank\" rel=\"noopener\">Government e-marketplace (GeM)<\/a> as a supplier because the government is looking for businesses to manage their supplies.<\/p>\n<p class=\"p1\">Due to the lockdown, several businesses have put their supplies on hold. If your business can prove useful to the government, start selling on the GeM platform. It&#8217;s like a Government job for your business!<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.instamojo.com\/blog\/sell-on-the-government-e-marketplace-right-now\/\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #3366ff;\">Find out what you can sell on the Government e-marketplace here.<\/span><\/a><span style=\"color: #3366ff;\">\u00a0<\/span><\/p>\n<h4 class=\"p1\"><strong>The post lockdown\u00a0MSME action plan<\/strong><\/h4>\n<p>Coming out of the lockdown, keep in mind that the current business environment is fragile. These updates by the Government might help:<\/p>\n<h5><strong>Credit for MSMEs:<\/strong><\/h5>\n<p>The Government is set to issue its <a href=\"https:\/\/www.instamojo.com\/blog\/post-lockdown-economic-relief-measures-for-msmes-to-increase-liquidity\/\" target=\"_blank\" rel=\"noopener\">second economic relief package for SMEs<\/a>. The current economic relief package pays daily wage workers and provides &#8216;turn around capital&#8217; for businesses.<\/p>\n<p>The Government has provided <strong>over 1.7 Lakh crore worth of relief<\/strong> to businesses and compelled banks to issue loans to affected business. It has also <strong>sought to increase MSME &#8216;Fund of Funds&#8217; by 10X<\/strong> to increase the public listing of funds, over banks.<\/p>\n<h5><strong>MSME Ministry has eased job application for entrepreneurs:<\/strong><\/h5>\n<p>The MSME Minister Nitin Gadkari announced on Friday that the <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.financialexpress.com\/industry\/sme\/msme-skill-creating-jobs-under-modis-employment-scheme-just-got-easier-roadblock-for-smes-removed\/1945643\/\" target=\"_blank\" rel=\"noopener\">District Task Force Committee<\/a><\/span> will be eliminated from any future hiring process for entrepreneurs. The move is aimed to simplify the processing of applications for jobs with the Government.<\/p>\n<h4><strong>What Instamojo recommends:\u00a0<\/strong><\/h4>\n<ul>\n<li>Pay your daily wage workers, keep employee morale high and take care of your <a href=\"https:\/\/www.instamojo.com\/blog\/entrepreneur-mental-health-tips-guide\/\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #0000ff;\">m<\/span>ental health<\/a>.<\/li>\n<li>Before opening up your business, <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.instamojo.com\/blog\/email-marketing-to-grow-your-business-from-home\/\" target=\"_blank\" rel=\"noopener\">send your customers an email.<\/a><\/span> If you were not already doing it during the lockdown, do it now. Show your customers you care.<\/li>\n<li>Try and maintain\u00a0<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.instamojo.com\/blog\/manage-cash-flow-small-business\/\" target=\"_blank\" rel=\"noopener\">positive cash flow<\/a>.<\/span>\u00a0It&#8217;s a great time to start planning how you want to start investing the saved money. No one saw the virus taking over our daily operations, but it could happen again. Have money stored away for unprecedented expenses while also looking for new ways to invest the money in.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.instamojo.com\/instamojoebooks\/mojoseries-part-21-how-to-use-social-media-t\/?ref=blog\"><img loading=\"lazy\" class=\"alignnone wp-image-13635 size-large\" src=\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2020\/05\/webinar_May-1200x628-2-1024x536.png\" alt=\"webinar may 2020\" width=\"1024\" height=\"536\" srcset=\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2020\/05\/webinar_May-1200x628-2-1024x536.png 1024w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2020\/05\/webinar_May-1200x628-2-300x157.png 300w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2020\/05\/webinar_May-1200x628-2-768x402.png 768w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2020\/05\/webinar_May-1200x628-2-380x199.png 380w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2020\/05\/webinar_May-1200x628-2-800x419.png 800w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2020\/05\/webinar_May-1200x628-2-1160x607.png 1160w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2020\/05\/webinar_May-1200x628-2.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<blockquote><p>It&#8217;s also the perfect time to actively participate in social media promotions for your business. If you&#8217;re looking for tips, <strong><a href=\"https:\/\/www.instamojo.com\/instamojoebooks\/mojoseries-part-21-how-to-use-social-media-t\/?ref=blog\" target=\"_blank\" rel=\"noopener\">join our latest webinar where we talk to business coach Shreya Sharan Pawar about how to create hype about your business on Facebook LIVE<\/a>.<\/strong><\/p><\/blockquote>\n<p>Keep your business alive, thriving and active in tough times, with the right tools. Some are free &#8211; like the Instamojo <a href=\"https:\/\/www.instamojo.com\/online-store\/?utm_source=imblog&amp;utm_medium=interlink&amp;utm_campaign=online_store\" target=\"_blank\" rel=\"noopener\">free online store<\/a>. If you need to sell your products and cannot open the shutters yet, go online!<\/p>\n<hr \/>\n<p style=\"text-align: center;\"><a class=\"mb-button mb-style-flat mb-size-default mb-corners-default mb-text-style-default \" style=\"background-color: #4e4e91;\" href=\"https:\/\/www.instamojo.com\/online-store\/?utm_source=imblog&amp;utm_medium=interlink&amp;utm_campaign=online_store\" target=\"_blank\" rel=\"noopener\">SELL ONLINE ON INSTAMOJO<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"The Government is developing an MSME ideas&#8217; portal so businesses can submit them and find a way to&hellip;\n","protected":false},"author":6,"featured_media":13627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[3119,3390,2096,3276,3279,3115,3751,3277,2398,3280,3278],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.8 - 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