Role of Government
The primary responsibility for promoting and developing MSMEs lies with the State Governments. However, the Government of India supports these efforts with various initiatives.
The Ministry of MSME and its associated organizations are tasked with aiding States in fostering entrepreneurship, creating employment and livelihood opportunities, and boosting the competitiveness of MSMEs in the evolving economic landscape.
Schemes for MSMEs
In the dynamic and ever-evolving landscape of India’s economy, Micro, Small, and Medium Enterprises (MSMEs) play a pivotal role in driving growth, fostering innovation, and generating employment opportunities. They also contribute substantially to exports, enhancing the country’s trade balance.
Recognising their significance, the Central Government of India has introduced a range of schemes to empower MSMEs, fuel their growth, and nurture innovation.
Schemes available for Registered MSMEs
Ministry of MSME has a number of schemes and programmes to help and assist entrepreneurs’ especially small businesses.
To avail the scheme offered by the Government of India (GoI), MSMEs can visit the Government’s portal for MSMEs.
