What is the role of MSME?

The MSME has a very important role in contributing to the GDP of the nation by generating a massive number of employment and by supporting large companies and industries by supplying raw materials and components to build finished goods and services. You can read about Micro, Small and Medium Enterprises (MSME): Classification and Importance in the given link.

MSME helps to reduce poverty by creating new jobs in the market.

Further readings:

1. Atmanirbhar Bharat Abhiyan – COVID-19 Relief Package
2. Make In India – Initiatives, Aims, Advantages & Challenges