SAP partners with MSME ministry for Bharat ERP

The initiative aims to digitally enable nearly 30,000 MSMEs and youth in the next three years.

It will also provide MSMEs with access to technology from SAP to help them streamline and integrate key processes like financials, sales and inventory with a single business software.

"The MSME sector contributes nearly 38 per cent to the country's GDP and generates nearly 120 million jobs and so, its growth plays a pivotal role in propelling India's economy forward," SAP Indian Subcontinent President and Managing Director Deb Deep Sengupta said here.

The objective, through Bharat ERP, is to make digital technologies more accessible to these micro and small enterprises to help them grow, he added.

SAP will provide software and training curriculum to trainers identified by the ministry under the 'train the trainer' method. Speaking at the event, Union Minister Kalraj Mishra said the central government has implemented a number of schemes for the promotion of MSMEs in the country.

"We are dedicated to providing all possible support for skill development and entrepreneurship," he added.

Stock exchange NSE on Tuesday inked a pact with Andhra Pradesh government to help MSMEs in the state to raise capital through listing on the bourse's platform. As per the MoU, the AP government would facilitate MSMEs to get listed on NSE Emerge, the platform for small and medium enterprises, by supporting such firms financially or otherwise, in bearing the expenses related to listing.

"A fund is also being created by the Andhra Pradesh government to encourage investors to invest in SMEs in the state, on the exchange platform," NSE said. The MoU was signed between AP government's industries, commerce & export promotion Commissioner Siddhartha Jain and NSE's Chief Business Development Officer Ravi Varanasi, at Vijaywada in AP.