In 2019, Prime Minister Narendra Modi envisaged transforming India into a powerful $5 trillion economy by the year 2024-25. Micro and small industries were supposed to be crucial player in achieving the goal due to the exceptional contribution of...
The MSME sector forms the foundation of the Indian dream of an Atmanirbhar Bharat. But, the Covid-19 pandemic and resultant disruptions affected MSMEs’ earnings by 20-50%. The greatest brunt was borne by the SMEs because of reduced demand and...
Challenges faced by the Indian MSMEs
For the Indian economy with a population of 1.3 billion and the highest demographic dividend, the MSME sector is undeniably a crucial job provider but the challenges facing Indian MSMEs impede their growth. The...
Union Minister of MSME Narayan Rane and Minister of State for MSME Bhanu Pratap Singh Verma along with Sh. B. B Swain, Secretary, MSME, and Shri Vinai Kumar Saxena, Chairman, KVIC today inaugurated the MSME Pavilion virtually in the...
Indian MSMEs are the giants of our economy contributing immensely towards country's growth. Indian Government aims to raise MSMEs exports to a prodigiuos $1 trillion by 2027.
In past decades, the global export situation has seen a rapid consolidation of...
Anju Devi hails from Bihar. #PMEGP scheme helped her obtain a diploma in Madhubani painting and provided a loan to launch her enterprise. Keeping her passion for Madhubani art alive, she decided to turn it into an economic proposition and...
The Ministry of Micro, Small, and Medium Enterprises (MSME) has been implementing various schemes /programs to promote innovation and upscale MSMEs inter alia MSME Champions Scheme, Credit Guarantee Scheme, MSE Cluster Development Programme, Public Procurement Policy for MSMEs, and...
Mr. Jagmohan Singh hails from the pavan village of Ludhiana in Punjab. He started his enterprise called J.J. Fasteners, a unit that engages in manufacturing a wide range of anchor bolts, industrial washers, and industrial bolts, etc. After working...
Ministry of MSME takes up new projects relating to the establishment of New Technology Centres, Extension centers, Common Facility centers, Mini Tool Rooms, Mini Technology Centres, and Industrial Estates under its various schemes and programs.
Ministry of MSME is implementing...
MSMEs are the growth engines of the Indian economy as they contribute highly towards the socio-economic development of India. For many years, MSMEs in India have been playing a pivotal role by contributing around 30% to Indian GDP. After...
