Page 16 - NIS English 16-31 July 2022
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Nation Udyami Bharat
MSME: THE LIFELINE OF A
SELF-RELIANT INDIA
MSME is the backbone of self- hen we talk about MSME, in technical language we
reliant India. It is very important know it as micro, small and medium enterprise.
that the MSME sector of the WBut these micro, small and medium enterprises
country remains strong for are a significant contributor to India's development journey.
increasing the export of the The MSME sector accounts for about one-third of India's
country and enabling products economy. In simple words, if India earns Rs 100 today, then
to reach new markets. That is Rs 30 is the contribution of the MSME sector. Empowering
why the government is taking the MSME sector means empowering the whole society,
decisions and formulating new making everyone a partner in the benefits of development,
policies keeping in view its and facilitating everyone's progress. These words of Prime
capabilities and the immense Minister Narendra Modi are enough to show the strength
potential of this sector. Prime of this sector.
Minister Narendra Modi arrived Prime Minister added, “I assure all my brothers and sisters
at Vigyan Bhawan in New Delhi associated with the MSME sector that the government is
on June 30 to participate in committed to making policies that meet your needs and
the ‘Udyami Bharat' program, walk proactively with you.” In fact, micro, small and medium
which marks the beginning of enterprises are the key players in India's development
a major initiative to accelerate journey. That is why the government led by Prime Minister
the MSME sector, reflecting the Narendra Modi has increased the budget by more than
government’s commitment to 650 percent in the last eight years to strengthen the MSME
empowering MSMEs ... sector.
14 New India Samachar July 16-31, 2022
