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The MSME sector has a major contribution in the Indian economy. The role of this sector is important especially in the matter of exports. The government has underlined this importance of the MSME sector on several occasions. Now once again the government has assured the Indian MSME sector about this. The government has assured that in the coming times policies focused on employment will be made and young entrepreneurs will be promoted in the MSME sector.
Got trust from the government in this program
Minister of State for Finance Dr. Bhagwat Karad and Chief Economic Advisor to the Government of India V Anantha Nageswaran were participating in a program on Wednesday. He gave this assurance to the MSMEs in the same program. The program was organized by Bharatiya Yuva Shakti Trust. During the event, discussions were also held on cross-border alliances and exchange of knowledge between MSME entrepreneurs from India, Europe, North America and other G20 countries, to fight the challenge of unemployment and create sustainable business opportunities.
This is the goal of the Government of India
Many people associated with MSME sector from countries like India, Canada, China, France, Germany and UK participated in the programme. During this Union Minister of State for Finance Dr. Bhagwat Karad said that the Prime Minister Narendra Modi We want to make Indian youth not job seekers but job creators. Unemployment can be removed only through entrepreneurship. For this reason, the government has started various schemes like PM Swanidhi Yojana, PM Mudra Yojana for new businesses, Startup India and Stand Up India. The government has increased the MSME budget by more than 40 percent this year.
CEA told the success rate
On the other hand, Ananth Nageswaran said that the success rate of entrepreneurs is between 10 to 20 percent. Making job seekers job creators is an important goal of the government, as it has many benefits. He said that the government is working towards easing the problems of MSMEs ranging from funding to other challenges faced by them. For this reason, policies will be made to promote employment in the coming times and youth will be encouraged to start small enterprises.
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