Driving Inclusive Growth and Business Transformation for India’s MSME Sector
On the occasion of International MSME Day, Tally Solutions, India’s leading technology company providing business automation software, has signed a Memorandum of Understanding (MoU) with National Small Industries Corporation Limited (NSIC)—a premier Government of India enterprise under the Ministry of MSME. The MoU signifies a collaborative effort to digitally empower Micro, Small and Medium Enterprises (MSMEs) across the country and boost their growth trajectories through technology, capacity building, and integrated support services.
This strategic partnership aligns with the National vision of Viksit Bharat @2047 and India’s march towards becoming a $5 trillion economy. It brings together NSIC’s expansive national network and developmental mandate with Tally’s decades-long tech expertise in providing intuitive, reliable software solutions to small businesses.
Through this collaboration, MSMEs will gain greater access to business management tools those enable better financial compliance, GST readiness, inventory management, and operational efficiency. By simplifying business operations and promoting technology adoption, the MoU aims to enhance the overall competitiveness and resilience of India’s MSME sector.
The signing ceremony, was graced by Dr. Subhransu Sekhar Acharya, Chairman-Cum-Managing Director (NSIC) , Shri Kartikeya Sinha, Director (Planning and Marketing), CA Shri Gaurav Gulati, Director (Finance) from NSIC side and senior representatives from Tally Solutions, marking a moment of shared commitment towards inclusive economic empowerment.
Jayati Singh, Chief Marketing Officer, Tally Solutions, said, “We are honoured to partner with NSIC in our shared mission to empower MSMEs, the backbone of India’s economy. Our mission aligns with India’s aspirations of inclusive economic growth, and we believe this partnership will help thousands of enterprises enhance their capabilities and scale sustainably. At Tally, we are committed to enabling small businesses to succeed with technology that is simple, powerful, and secure. We hope this MoU will help more enterprises on their digital journey, increase productivity, and achieve compliance.”
Dr. Subhransu Sekhar Acharya, Chairman-Cum-Managing Director at NSIC stated that, “The collaboration between NSIC and Tally Solutions marks a significant step in strengthening the digital capabilities of India’s Micro, Small and Medium Enterprises. This MoU is aligned with the Government’s vision of fostering a tech-enabled MSME eco-system that is efficient, compliant, and globally competitive. Through this initiative, we aim to enhance the ease of doing business, promote digital inclusion, and empower MSMEs to contribute meaningfully to India’s economic transformation under the vision of Viksit Bharat @2047.”
This MoU, announced on a day globally dedicated to celebrating MSMEs, reaffirms both organisations’ pledge to uplift and digitally enable India's small businesses. The collaboration will ensure MSMEs across diverse sectors can access reliable software and digital infrastructure, fostering long-term growth, innovation, and formalization.