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The Ministry of Medium, Small and Micro Enterprises (MSME) on Tuesday signed memoranda of understanding with SAP India, Intel and HMT with the aim to digitally empower small businesses.
Launching the “Digital MSME Scheme’, MSME Minister Kalraj Mishra said the scheme revolved around cloud computing, which was emerging as a cost-effective and viable alternative in comparison to in-house IT infrastructure installed by MSMEs.
“Cloud computing is free from the burden of investment on hardware/software and infrastructural facilities,” an official statement read.
According to SAP India, the initiative aims to provide MSMEs with access to technology to help them streamline and integrate key processes, such as financials, sales and inventory with a single business software. The tech major said it would also provide software and training curriculum to trainers identified by the Ministry under the ‘train the trainer’ method.
The Minister also gave away National Awards for MSME 2015 to 56 enterprises in various categories, including 50 MSMEs and six banks for their “outstanding” performance.
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