Government envisions doubling MSME sector’s contribution to India’s financial system: Minister

NEW DELHI : The federal government envisages doubling the contribution of India’s micro, small and medium enterprises sector to the financial system through realising its complete doable, Union Minister Bhanu Pratap Singh Verma mentioned on Wednesday.

The Micro, Small and Medium Enterprises (MSME) sector contributes one-third to India’s gross home product (GDP).

The Minister of State for MSME mentioned the Ministry is operating in opposition to this purpose through resolving bottlenecks.

“Our imaginative and prescient is to double the contribution of MSME sector to India’s financial system through realising its complete doable. We can get to the bottom of inside bottlenecks in opposition to this purpose,” Verma mentioned whilst addressing the International MSME Summit right here.

The International MSME Summit is being organised through CII in partnership with the Ministry of Micro, Small and Medium Enterprises to advertise the visibility of Indian MSMEs and inspire world marketplace linkages.

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