Minister of State for Micro, Small and Medium Enterprises (MSME), Giriraj Singh has said that his ministry will establish 20 additional technology centres in different parts of the country to support MSMEs. He noted that these centres will help MSMEs by giving them access to advanced manufacturing technologies, skilling manpower and providing technical and business advisory support. He added that presently, 10 such centres are operational in different states of the country.
The MSME minister further said that there were some challenges for the sector, but the government was working on all those areas, including providing timely credit. He also said that schemes like Prime Minister Employment Generation Programme (PMEGP) and credit guarantee fund trust for micro and small enterprises had helped in creating 19 lakh new entrepreneurs. He said 'I think these entrepreneurs have created jobs for about three crore people.'
MSMEs are contributing around 45 percent in the country's exports, 24.63 percent to the Gross Domestic Product (GDP) from service activities and 33.4 percent to the manufacturing output.