The pace of the economy will be accelerated by the power of MSMEs, these necessary steps will have to be taken
Despite the many schemes and efforts of the central government, the MSME sector is facing many challenges, due to a lack of capital and cheap credit, the small-scale industry is in trouble. MSME . Ministry of Micro, Small and Medium Enterprises New Delhi. Small-scale industries account for 30% of the country's GDP and 40% of the total industrial output. They also account for more than 35% of the total exports. The MSME sector provides employment to 11 crore people across the country. Half of the MSMEs are operating in rural India. Experts say that the growth of the Indian economy is only due to the strength of MSMEs. Despite the efforts of many schemes, the MSME sector is facing many challenges. Surrounded by troubles: The MSME sector is facing problems since the Corona epidemic. According to the Crisil report, the market share of MSMEs declined by 3% and it has been captured by corporate houses. To revive the Indian economy by reviving MSMEs should be the top priority. Rs 1...