Turning Challenges into Triumphs: MVIKAS Empowers MSMEs

According to Forbes, there are about 633.9 lakh MSMEs in India. In India, over 99% of total MSMEs qualify as micro-enterprises, which make up 630.5 lakh enterprises.

Well, MVikas is an online B2B (Business-to-Business Marketplace) platform where, you may promote your goods and services as a business owner. We offer a wide range of services that include product listing, marketing, sales, customer service, payment processing, and shipping. Well, we are one of the fastest-growing B2B platforms in India.

So many small and medium-size enterprises face different challenges due to different issues. Today, before we take a look at how MVikas empowers MSMEs, let’s take a look at the different kinds of challenges faced by industries in India. 

Challenges Face by MSMEs

Below are some of the common challenges that MSMEs faces in their business. 

1. Finance

It is one of the most common issues that many MSMEs faces. Due to various financial issues, many industries cannot get their funds to start or operate or expand their businesses. 

One of the main reasons is the unworthiness of credit cards. A bad credit score can make these businesses get loans tricky and make it hard to access credit due to high interest rates, lengthy documentation processes and long processing time. 

2. Inability to Access High-End Technology

While having good technology is meant to propel your business to a new height. However without good technology, you will end up losing so many opportunities.

You may face issues with keeping up with the latest tools and technologies, which can decrease your ability to bring innovative ideas and higher scale to your business. Moreover, there are many small and medium businesses in remote areas, making accessility of these technologies extremely hard. Well, it can be due to various reasons such as high cost of investment, lack of awareness, and limited technical expertise. 

3. Inadequate Market Connections

Many MSMEs faces market connection issues. It is because they face an inadequate marketing platform or are clueless on how to promote their products or services in the market. The inability to promote their services or business hampered the growth of these enterprises. 

4. Insufficient Human Resources

One of the common challenges faced by small and medium enterprises is insufficient human resources. There is limited resources and the lack of dedicated team lead to issues in hiring the best talent to do the work.

Many MSMEs face challenges in terms of finance, technology adoption, skilled labor availability, and compliance. Moreover, accessing an affordable finance options and choosing an advanced technology can be challenging, posing additional hurdles.

How MVikas Empowers MSMEs 

MVikas is the leading B2B marketplace, which helps to connect easily with buyers and sellers across the country. It is a go-to place for over 3000+ businesses that are listed with us for all their procurement. With us there are over 15000+ Industrial goods on the platform. 

Our main aim is to bring change to the industrial goods to the market with our focus on offering the best solutions to our clients, whether they are buyers or sellers. Our mission has been to offer the user-friendly B2B marketplace by offering the best platform for business to enhance their entreprises repeatedly. It helps buyers and sellers to connect in the best way possible.

Understanding the different issues faced by business owners, we ensure that our dealing with industrial goods, from procurement to logistics, seller recognition to item selection, and item delivery, all are good. We ensue to get the quality product without compromising on the quality of the products. 

We partner with our clients, offering them growth and support they need. We offer a our clients a quick delivery system, a wide range of products, competitive prices, an organised buying process, professional service, a secure payment process, and buying assistance. 

What MVikas Provide

1. Increase Your Online Presence 

Nowadays, with many businesses, it’s time to get your business online. So, we provide a B2B ecommerce platform for businesses to implement thorough analytics campaigns. Here, MVikas saves time and money by helping your online presence, and boosting your revenues. 

2. Help to Expose Your Online Brand, Increasing Your Company Exposure

Here, at MVIKAS you will get all the help you need to create your online brand and increase your company's exposure. It means you have the higher chance to expand your brand all over India, increasing your position in the market. Reach to your wider audiences with the help of experts from MVIKAS.

3. Operate More Effectively with a Lower Cost

Having a business means you need to rethink about your business procurement and how to manage your business more effectively. So, with MVikas, you could achieve this, allowing you to operate your enterprises more effectively even in economic difficulties. 

Also, you have a better access to more larger audiences through the assistance from MVikas at a lower cost. It means you don’t have to pay money to a middlemen. You can directly access the platform and sell your products or services under your business name. 

Conclusion 

To wrap up, today, MVikas has emerged as one of the B2B and B2C Market Platforms in India offering different services. At MVikas, you may access industrial supplies for your businesses that are high in quality material at a very competitive price just in time.

MVikas provides a B2B market platform for small and medium-sized businesses to sell their Industrial Goods under their brand, build a reputation, and connect with their customers throughout India, helping to grow their businesses. 

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