Disclaimer….before you read ahead!
The information contained herein is of a general nature and for information purposes only, with the intent of raising awareness around various resources, schemes etc. available for women entrepreneurs in India. It is not intended to address the circumstances of any particular individual or entity. It does not purport to be all-inclusive or necessarily contain all the information that may be relevant for the reader, and may be subject to updation, revision or amendment. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to remain accurate in the future. The reader, therefore, is required to exercise their discretion; and not act on such information without appropriate professional advice after a thorough examination of the particular situation.
Furthermore, we are not a lender and are not authorized by the Reserve Bank of India to act as one. By disseminating the information contained herein, we are not soliciting any borrower or customers for the company or organization mentioned herein nor do we intend to syndicate any capital for the reader of this article.
About this scheme…
MSME Global Mart, an online platform for B2B marketing and connecting MSMEs in India with buyers & suppliers all over the world, was launched on November 12, 2020 by National Small Industries Corporation (NSIC), a Government of India (GOI) Enterprise, for Micro, Small & Medium Enterprises (MSMEs) to strengthen marketing, market access & visibility for them.
The objectives of increasing the adoption of E-Marketplace for Marketing & Procurement under this Scheme are:
- To exhibit maximum Micro units, small & unknown home-businesses, local businesses, artisans and small sellers from Tier-2/3 towns, products from hinterlands etc., on MSME Global Mart portal to increase their visibility and discoverability by bringing them online
- To provide handholding support to MSMEs facing challenge in showcasing their products or services on digital space
- To contribute and support the growing “Make in India Economy”
- To contribute in achieving the Prime Minister vision of ‘Vocal for local’ by making Indian MSMEs discoverable to the prospective buyers
How is it being implemented?
- Under this Scheme, direct marketing, market access & visibility is provided exclusively to,
<bullet> MSMEs
Either via MSME Global Mart Online Portal or Mobile Application.
Micro Enterprises and SC-ST Micro & Small Enterprises (MSEs) can access MSME Global Mart at subsidized membership fee, details of which are shared below. Such subsidies are valid up to 2025-26.
What’s on offer?
I. Features
- Basic Membership
- Create Digital Presence within Minutes: Create your company webpage in minutes through advance template without any technical knowledge & become discoverable to millions of buyers globally
- Start a Franchise, Subcontracting & Distribution Opportunities: Offer/avail sub-contracting, franchise & distributorship business opportunities to start / grow your business
- Special Offer on MSME Business Solutions: Special discounts for MSME Global Mart members on various business solutions through empaneled service providers
- Price Alert Watch: Watch for price alert
- Events & Exhibitions: Get information on upcoming events & exhibitions
- Gold Membership: All features of Basic Membership and
- Showcase Products and Services 24×7: Showcase unlimited products & services virtually 24×7 and get access to global market
- Keyword based Unlimited Tender Alert: Get keyword based unlimited tender alerts in your inbox based on your business profile
- Award of Contract (AOC) Information: Get detailed information on tenders awarded in past including information on L-1
- Business Trade Leads (Buy / Sell): Get connected to prospective buyers & find relevant trade leads
- Post Discount & Bulk Offers: Post attractive offers on products
- Enquiry: Send enquiry to specific supplier/products
- Request for Quotations: RFQ for all your sourcing needs
- MSME Global Mart Promotional Plan
- Reach millions registered/visitor MSMEs of the portal
- Reap benefits of Targeted Advertising
- Ease of connecting with Relevant Suppliers
- Ease of promoting products and services with promotional tools
- Get benefits of NSIC credibility
- Find suppliers for all your sourcing needs
II. Purpose
- As a Buyer, one gets a host of functionality to fulfill each of their requirement:
- Post your requirement
- Search Suppliers
- Trade Alert Watch
- Recently added products: Get alerts for new products added
- Rating & Reviews: Get the Ratings about supplier based on past history, Ratings based on delivery, customer satisfaction & recently added products
- Request for quotation tool
- As a Seller, one gets a host of functionality to fulfill each of their requirement:
- Visibility with Global Buyers
- Post Discount & Bulk offers
- Post Products with descriptions
- Business leads: Create a business/trade lead
- Tenders: Access to unlimited tenders
- Price Check with competitors: Check prices of product by multiple vendors
- Business Alliances: Start a business, offer distributorship, offer product franchise and offer sales agency
- Web Catalogues: Web development tool for web catalogues, logo, and create business profile
III. MSME Type
- Proprietorship, Partnership Firm, Limited Liability Partnership (LLP), Private Limited Company, Public Limited Company
IV. Membership Subscription Fees
- Basic Membership: 30-day free trial
- Gold Membership: First year annual membership fee of ₹6,000 + GST followed by annual renewal fee of ₹ 5,000 + GST, if renewal is done within 30 days of the membership expiry date
- Subsidy for Micro Enterprises: 75% discount subject to a max ₹25,000 per financial year
- Subsidy for SC/ST MSEs: 80% discount
- MSME Global Mart Promotional Plan
- Home Page Plan: Promote products & services on the most prime space of
the portal i.e., Home Page of MSME Global Mart at ₹25,000 + GST per month
- Category Page Plan: Promote products & services on page matching their products and services at ₹15,000 + GST per month
- Trade Lead Page Plan: Promote specific requirements on Trade Lead page of the portal at ₹10,000 + GST per month
- For quarterly, half-yearly and yearly plans, discount of 10%, 25% and 30% respectively applicable over monthly plan
Interested? Read ahead to check your eligibility….
I. Are you an MSME having a valid Udyam Registration Certificate?
OR
If you want to avail subsidy, are you a Micro Enterprise or SC/ST MSE having a valid Udyam Registration Certificate
II. For availing MSME Global Mart Promotional Plan, do you have a Gold Membership of MSME Global Mart?
If your answers to the questions above are an emphatic YES, you are all set to avail benefits of MSME Global Mart!
So…how big is this scheme and what has been done so far?
I. Since Nov 2020 till the latest available date:
-
- 88,054 products across 87 product/service categories and 1,462 total sub-categories have been listed on MSME Global Mart
- 888,366 tenders worth ₹58,640 Crores have been disseminated
- 45,121 contracts worth ₹182,204 Crores have been awarded
- MSME Global Mart e-Marketplace mobile application has been downloaded by over 50,000 people
II. Scroll here to see read some success stories of MSME Global Mart
So, now, how should you go about it?
I. Register for
-
- MSME Global Mart’s Basic Membership or Gold Membership here
- MSME Global Mart Promotional Plan, if need be, post becoming MSME Global Mart’s Gold Member
II. For more information on
-
- FAQs of MSME Global Mart, refer here
- FAQs of MSME Global Mart Promotion Plan, refer pages 7 & 8 here or the brochure here
III. For any queries, please contact NSIC via
- Call: +91 11 26926275 | +91 11 26382032, Monday to Friday 10:00 AM to 6:00 PM
OR
- WhatsApp: +918527271130, Monday to Friday 10:00 AM to 6:00 PM
OR
- E-mail: info@msmemart.com
OR
Go on then…and do spread the word!
Best,
Sources: