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MSME development business development service providers
What are Business Development Service (BDS) providers in the context of MSMEs?
BDS providers are organizations or individuals that offer non-financial services such as marketing, technology, training, and consultancy to help MSMEs improve their competitiveness and growth.
What is the primary objective of Business Development Services (BDS) for MSMEs?
To enhance MSME productivity, competitiveness, and market access sustainably.
Which government scheme specifically supports Business Development Services for MSMEs in India?
The MSME Development Institutes (formerly SIDO) under the Ministry of MSME provide BDS support, and schemes like the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) complement BDS by reducing financial barriers.
Which apex body in India is responsible for policy formulation and promotion of MSMEs?
Ministry of Micro, Small and Medium Enterprises (MoMSME).
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