In a bid to streamline small business operations and strengthen compliance, the Government of India has launched a nationwide campaign encouraging sole traders to adopt digital invoicing systems. Spearheaded by the Ministry of Finance in collaboration with the Goods...
Result Tags
Govt-Backed Digital Wallets Cater to Sole Enterprises
In a major push to digitize small business operations, the Government of India has launched a dedicated initiative to offer government-backed digital wallets tailored specifically for sole enterprises. The move, led by the Ministry of Electronics and Information...
Business Correspondents to Guide Sole Bank Account Setup
To promote financial inclusion and ease banking access for individual entrepreneurs, the Government of India has directed public and private sector banks to deploy Business Correspondents (BCs) to assist sole proprietors in opening and managing business bank accounts....
Revised MSME Definition Benefits Sole Proprietors
In a policy shift welcomed across India’s micro-enterprise landscape, the revised definition of Micro, Small, and Medium Enterprises (MSMEs) has brought significant benefits to sole proprietors, formally recognizing them as key players in the national economy. The...
Excise Duty Clarified for Sole Liquor Vendors
In a recent policy update, state excise departments across India have issued clarified guidelines on the applicability and calculation of excise duty for sole proprietors operating liquor businesses. This move is aimed at addressing long-standing confusion among...
Sole Traders Allowed to Avail Income Tax Amnesty
In a significant relief measure for small business owners, the Government of India has announced that sole traders are now eligible to participate in the latest Income Tax Amnesty Scheme, aimed at resolving past tax defaults and encouraging voluntary compliance. The...
Local Bodies Directed to Support Sole Retail Enterprises
In a major policy directive aimed at boosting grassroots commerce, the Ministry of Housing and Urban Affairs has instructed local bodies and municipal administrations across India to extend targeted support to sole retail enterprises. The order, which follows growing...
Sole Proprietors Get Fast-Track Trade License in Cities
In a significant urban reform aimed at boosting ease of doing business, several municipal corporations across India have introduced a fast-track mechanism for issuing trade licenses to sole proprietors. This initiative,...
National Portal Lists Verified Sole Business Licenses
In a move to enhance transparency and trust in small-scale commerce, the Government of India has launched a new feature on its national MSME portal to list and verify sole business licenses issued across the country. This initiative, introduced under the joint...
Government Offers Marketing Grants to Sole Businesses
In a major step to support micro-enterprises and individual entrepreneurs, the Government of India has introduced a new scheme offering marketing grants to sole proprietors across sectors. Spearheaded by the Ministry of Micro, Small and Medium Enterprises (MSME), the...