TS govt to give out free software licenses to 20,000 MSMEs

The total market value of the licenses being distributed by the State free of cost to the business community is estimated at Rs 72 crores

Hyderabad: In an effort to help digitise the micro, small and medium enterprises (MSMEs) in Telangana, the State government is launching an initiative to give out free licenses of a cloud-based business automation software to 20,000 companies. The total market value of the licenses being distributed by the State free of cost to the business community is Rs 72 crores.

The business automation software, called Accloud, has accounting, sales, purchase and inventory management modules, available on both web and mobile, in English, Hindi as well as Telugu, offering options in vernacular languages.

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Sapio Analytics, a government advisory firm, is bringing the software to the companies while the platform of distribution will be that of Telangana State GlobalLinker, a platform and community for the MSMEs of the State. The Telangana government has already signed a memorandum of understanding (MoU) towards this initiative.

The formal distribution of licenses will be made on November 9 by Jayesh Ranjan, principal secretary, Industries and Commerce, Government of Telangana. The launch event will have representatives from Sapio Analytics, GlobalLinker and Mumbai-headquartered Accloud.

Commenting on the initiative, Jayesh Ranjan said, “The Government of Telangana is excited to partner with Sapio Analytics to provide free Accloud automation and accounting software which will help local MSMEs in increasing their efficiency and emerge as more competitive among their peers.”

Hardik Somani, COO, Sapio Analytica told Telangana Today, “We believe that this will help many more businesses to digitise their operations and find easy and simple ways to be compliant with GST, while not giving too much time away from the core business. This will help the economic revival of the businesses in the State which had been impacted due to Covid and will also help these businesses get better access to government policies in the process.”

This is a step by the Government of Telangana to support the businesses that form the backbone of the economy and hence the economic revival and growth, added Somani.

Amit Pau, COO of Accloud adds, “We are a technology platform which is empowering SMEs in high-growth markets with mobile first business management tools. Our aim is to build a platform for economic growth and financial inclusion, enabling SMEs to enter the formal economy, creating jobs, driving social wellbeing and promoting global prosperity.”

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