MSMEs are a major contributor to the Indian economy but many are unregistered and unable to access support. They contribute significantly to GDP, support large industries, and form the backbone of the economy. While the government has taken steps to boost the sector, 70% cannot avail benefits as they are not registered as MSMEs.
2. MSME to Indian Economy
Most of us do not have a clear idea about these sector that is an enormous
contributors to the economy.. Lets have a look at their stand
Contribution to GDP
Ancillary to large Industries
Shiners from a large crowd
Steps in international market
Backbone of economy
Government has taken several steps to boost this sector, but 70% of them could not avail the benefits and thats because
they are not registered as MSME