MSME news
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MSME news

Meta unveils plans to train 10 M Indian SMBs!

Happy New Year from the Swipez family! Here’s the latest projections, news, and updates to get you started this year.

This week’s edition covers:

  • Meta to train 10M SMBs and 250K creators.
  • MSMEs on guard to deal with Omicron impact
  • GST compliant Inventory Management with Swipez!
  • A free app for you!

In the news 📰

Meta commits to training 10M SMBs in 3 years

Meta Platforms Inc., or as we formerly knew them, Facebook unveiled the new Center for Fuelling India’s New Economy (C-FINE) in Gurugram. The first of its kind in Asia, Meta aims to provide training to 10M SMBs and mentorship to 250K creators through C-FINE in the next three years.

Entrepreneurs, artists, community leaders, and small business owners are to receive guidance in technologies like AR and VR and their creative applications in commerce, healthcare, education, and more.

Meanwhile, Reliance announced its upcoming integration of JioMart with the Meta-owned instant messenger WhatsApp. The partnership aims to help 60M+ small businesses in India transition seamlessly into the digital world.

To know more read…🧐🔎

MSMEs on guard to deal with Omicron impact

With Omicron cases rising, the pressure intensifies for MSMEs. Contact-heavy businesses like restaurants, markets, malls, theatres, etc, suffered losses due to the restrictions imposed ahead of the New Year’s celebrations. Losses that are unlikely to be recovered in the short term.

While the unprecedented pandemic disrupted cash flow systems of supplier and customer credits, MSMEs adapted in order to survive. The previously used 30–45 day credit system was replaced by a 15-day limit with many asking for post-dated cheques. With the rapid surge of Omicron cases, MSMEs report a growing sense of volatility and vigilance.

Moreover, MSMEs along with major firms and conglomerates are back to the drawing board with their return to office strategies.

Feature alert 📢

Manage your inventory effortlessly!

Manage your expanding inventory seamlessly with Swipez!

  • Organize all your product and stock inventory from a single dashboard. Any time, anywhere, from any device.
  • Automate your inventory management as your raise invoices or create expenses.
  • Stay on top your inventory, as both sale and purchase history of your product auto-updates in real-time, as you create invoices and expenses.
  • Add SKUs to all of your products to identify and track your inventory.
  • Unsure about the HSN/SAC code of a product and the applicable GST rate? Lookup the HSN/SAC code effortlessly, and the GST will be automatically calculated for the product.

One app we use…

Inshorts

Sometimes less is more. Inshorts is a news app that curates the latest news reports from a variety of national and international sources and summarizes it in 60-words or less.

Explore a wide range of news categories in one place tailored for you in both English and Hindi.

Inshorts captures the zeitgeist and allows you to consume the latest news and updates in 9-second reads.

So, if Elon Musk’s latest tweet is the talk of the town, you’ll be the first to know.

Drop us a line and let us know what you would like to see in the upcoming newsletters. Just like the Swipez platform this newsletter too is built with your feedback.

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Organize the way you manage your business operations by following this weekly publication. Get the latest news, tools and information which can make a difference to your business. Swipez team learns and shares their findings with community of over 20K small businesses.

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