A number of efforts to support MSME domain were presented by the PM

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NEW DELHI: On Thursday, Prime Minister Narendra Modi unveiled a variety of initiatives aimed at enhancing and accelerating the performance of the MSME sector. According to him, the MSME sector accounts for nearly one-third of India’s GDP, benefiting everyone.

The “Capacity Building of First-Time MSME Exporters” (CBFTE) programme, the “Raising and Accelerating MSME Performance” (RAMP) plan, and new PMEGP components were all introduced by PM Modi during the “Udyami Bharat” campaign.

Speaking to the audience, Modi asserted that MSME India’s efforts will significantly benefit Aatmnirbhar Bharat. He continued, adding, “Our administration is taking decisions and developing new policies keeping in mind your talent and the immense potential of this sector.” He went on to note that the steps taken today and other government initiatives are related to the quality and promotion of MSME.

Additionally, the PM gave out National MSME Awards in 2022, revealed the outcomes of the MSME Idea Hackathon in 2022, disbursed PMEGP grantees’ financial aid digitally for 2022–2023, and also gave out Digital Equity Certificates to 75 MSMEs under the Self Reliant India (SRI) Fund.

In the last eight years, the government has increased its budgetary allotment to the MSME sector by more than 650 percent, he claimed. “MSME means to us – Maximum Support to Micro Small and Medium Enterprises,” the prime minister underscored.