According to a company statement, the initiative is aimed at digitally enabling nearly 30,000 MSMEs and youth in the next three years.
"As a part of the MoU, SAP India and the Ministry of MSMEs will collaborate to enable MSMEs become future-ready by helping them focus on innovation and business profitability," it said.
The statement added that through this programme, MSMEs will be able to access SAP's technology to streamline and integrate key processes such as 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; its growth plays a pivotal role in propelling India's economy forward," said Deb Deep Sengupta, President and Managing Director, SAP Indian Subcontinent.
"Our objective through Bharat ERP is to make digital technologies more accessible to micro and small enterprises, in line with our aim to help businesses of all sizes grow with SAP," he added.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.