Elevating MSMEs: The Backbone of India's Economy

Union Minister Jitan Ram Manjhi emphasizes the importance of the MSME sector in combating unemployment in India. Addressing the PM Vishwakarma – National SC-ST Hub Conclave in Odisha, he highlights the sector's contribution to economic development and praises initiatives like the PM Vishwakarma Scheme.

Union Minister Jitan Ram Manjhi underscored the critical role of the Micro, Small & Medium Enterprises (MSME) sector in addressing unemployment concerns in India. Speaking at the PM Vishwakarma – National SC-ST Hub Conclave in Mayurbhanj, Manjhi highlighted the sector's capability to provide jobs for the remaining 75% of the workforce, despite big industries employing a quarter of it.

Manjhi praised President Droupadi Murmu for her guidance and highlighted Prime Minister Narendra Modi's vision of India as a developed nation by 2027-28. He noted that the MSME sector is thriving in Odisha, aligning with the country's economic aspirations.

The PM Vishwakarma Scheme, launched in 2023, bolsters traditional artisans, while the National SC-ST Hub supports SC/ST entrepreneurs. Together, these programs aim to elevate India's MSME sector, which comprises over 6.25 crore enterprises and significantly contributes to the GDP and exports.

(With inputs from agencies.)