Emphasizing upon the significance of Micro, Small and Medium Enterprises (MSMEs) in the GDP of the country, Union Minister for MSME Narayan Rane has said that MSMEs are growth accelerators making a significant contribution to GDP and need to be strengthened.
The minister also noted that for a long time now, MSMEs have been working amidst minimum resources and yet making a significant contribution to the GDP of the country. The Minister said it is, therefore, necessary that these growth accelerators are handheld and strengthened. He said in this direction there has definitely been significant collective efforts to strengthen the sector and various schemes of the government are directed towards opening up new avenues for MSMEs.
Narayan Rane further said that the Government has well ensured that the MSME sector receives an unhindered credit flow from financial institutions, technology support for development and modernization, access to export markets, infrastructure facility, training and capacity building facility and welfare of workforce.
