Frequently asked questions

Who is a Micro-entrepreneur?


As per the Micro, Small and Medium Enterprises (MSME) Development Act, 2006 an enterprise belonging to the manufacturing sector is deemed micro if its investment in plant and machinery does not exceed Rs.25 lakh. Enterprises belonging to the service sector have a limit of Rs. 10 lakh on investment for them to qualify as micro. Relevant Central and State Schemes Prime Minister Employment Generation Programme (PMEGP) It is a credit-linked scheme to facilitate the participation of financial institutions for higher credit flow to the micro enterprises sector. It aims to generate sustainable employment opportunities in rural and urban areas of the country through start-ups. ASPIRE (A Scheme for Promoting Innovation, Rural industry and Entrepreneurship) It aims to promote innovation & rural entrepreneurship through rural livelihood incubator and fund of funds. SFURTI (Scheme of Fund for Regeneration of Traditional Industries) It organizes the traditional industries and artisans into clusters in order to promote productivity and competitiveness. Credit-Linked Capital Subsidy Schemes It aims to enable micro and small enterprises to adopt modern technology to improve their productivity. Coir UdyamiYojana It offers credit-linked subsidy to enterprises in the coir sector. Credit Guarantee Fund Scheme It provides funding assistance to banks and financial institutions so that they can in turn lend collateral free credit to micro-enterprises. Additionally, the Government of some states through its Micro, Small and Medium Enterprises Policy, 2015-20, aims to further boost micro entrepreneurship in the state by providing tax incentives, subsidies, marketing assistance, skill development and creation of MSME parks for infrastructure facilities. Some of the key areas for collaboration, innovation and generation of new opportunities for microentrepreneurship have been outlined below. Transport Service Fisheries Apiculture Textile and Handloom Coir Industry Tourism Etc... Key Takeaways Micro-entrepreneurship can be developed as one of the significant ways of strengthening a developing economy, which promises to generate income and employment and alleviates the burden on the government. Collaboration between the government and the key players in the industry is essential to facilitate and generate new opportunities for micro-entrepreneurship. Several existing central and state schemes can be harnessed to facilitate the availability of financial resources for micro-enterprises, reduce the burden of taxation and provide training and infrastructure for their sustenance. Technology plays an important role in making micro-entrepreneurship cost-effective and profitable and governments can focus on the development of sector specific technology to support microenterprises Transport, service and manufacturing sectors are key areas that show immense scope for collaboration and development of micro-enterprises. Agriculture and allied sectors are also potential areas, which can be encouraged by Governments by providing adequate incentives, for micro-entrepreneurship.




Why Ecommerce?


E-commerce in recent times has been growing rapidly across the world. It is a type of business model, or segment of a larger business model, that enables a firm or individual to conduct business over an electronic network, typically the internet. Electronic commerce operates in all four of the major market segments: business to business, business to consumer, consumer to consumer and consumer to business. In India, there are three type of e-commerce business model are in vogue (i) Inventory base model of e-commerce (ii) Marketplace base model of e-commerce (iii) Hybrid model of inventory based and market place model. Indian Information Technology Act and E-commerce: Indian Information Technology (IT) Act gives legal recognition to electronics records and electronic signature. These are the foremost steps to facilitate paper less trading. Under this Act Ministry of Electronics & Information Technology also has Information Technology Rule, 2000 for Reasonable security practices and procedures and sensitive personal data or information. Under section 72A of IT Amendment Act, 2008, punishment for disclosure of information in breach of a lawful contract is laid down. Though ecommerce is a very simple and transparent business model but most individuals/business finds it quite difficult and complicated to operate.Adorbis Technology Private Limited on its ecommerce site “full2shopping.in” has developed easy to understand step wise procedural guide for all new entrants as Micro Entrepreneurs. Individuals/whole seller/aggregator who aspire to be a seller on Ecommerce giants across the globe. The steps in simple explanations are appended below: The ME has to register himself with full2shopping.in (F2S) at nominal one time fees of Rs 5000/-. Full2shopping offer the ME to identify his desired product range for the value of Rs 300000/- from F2Ssite with product codes which ME wish to include in his seller account with no extra payment by ME. Inventory with no investment of procurement cost. F2S will share the business cost of each product as landing cost to ME. ME can decide the selling price of each product including his margins and commissions/fees to be paid to Amazon. F2S will guide and suggest if desired by ME. ME on his existing seller account or if not available he has to open a new seller account on Amazon. The digital pics with specifications (shared by F2S) of selected products can be uploaded in his account catalogue. On request the F2S will guide and suggest tomap a service provider executive to ME for assistance in account creation, product listing, account monitoring, product campaigns, sales promotions etc. An account of ME with product variants is displayed on Amazon with sales prise as advised by ME. On order received from customer by ME then ME will purchase the said product (on DP) from F2S and share the consignee details to F2S. The F2S will ship the good to customer on behalf of ME and share the tracking details to ME to be posted in his Amazon account for customer ease.The packaging + logistics are borne by F2S. Goods will be delivered within the said timeline/TAT. Amazon will release the payment to ME after deductions of his fees + Taxes etc. as per Amazon terms of 15 days’ time.




How could I enrol myself in ME?


How could I enrol myself in ME? No limitation or restriction of criteria. Only the required documents are Firm registration/Gumasta, PAN and GST registration




Is there any criteria for eligible ME?


No limitation or restriction of criteria. Only the required documents are Firm registration/Gumasta, PAN and GST registration




What investment size/limit required to be ME in Ecommerce?


On MEs capability with minimum of Rs7999/-+GST and no upper limit.




I am a lay man with not sufficient knowledge of ecommerce, can you guide on same?


Sure will always handhold a registered ME.




How will the goods identified/selected by me will be mapped to me?


Refer to step # 2 - 5.




Will the goods map to me are exclusive from other ME?


No but an ME can offer freebees/gift coupons/cash backs/bundling etc.




Can I add my product as ME?


Yes you may.




How will I track my sales, earnings etc?


A Guide can assist (Ref: step # 5) or review/monitor your dashboard by Amazon.




How will I payto youfor product dispatch, when order is received from Offline/online customer?


Direct bank transfer on all orders are accepted.




Can the goods be added/removed from my sellers account at any time?


Yes anytime.




What if the buyer returns the good within return policy?


The same can be resold or liquidated in open market.




Is my earning has limit?


No limit earning potential in business is big opportunity.




Is any taxes imposed on my earnings?


Yes it will attract GST & IT.




What taxes like GST or IT will be applicable as ME?


GST on commissions is 18% and IT is on slab of income group.




Can I create my extended arms under me in ME portfolio?


Not as of now but we are designing it at earliest.




Can I be enrolled in multi ecommerce sites with same id and products?


Yes product range you may use as common with same ME id but enrolment on each site is always exclusive.




What will be added/unique advantages offered by Full2shopping to ME?


ME is itself a unique and unlimited business advantage. One can always enjoy the early bird benefits.




Is there any mandatory period of working as ME?


No limitation or timeline freezed for any ME.




What are the restrictions in your ME offer?


The terms shared have no restrictions and 100% transparent.




Is there any contract? If yes please share the draft sample?


Yes ME contract @ fees of Rs.7999/- + GST will be applicable and can be shared on specific request.





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