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The Next Game Changer Revolution Coming in India |
Friends, for the last 10 years, MSME sector has contributed 30% to the country's GDP. Its contribution in manufacturing is 33%. About 40% of the same exports are from the MSME sector. It is providing employment to about 110 million people of the country. Which is 22-23% of the total employment in India. That is, the biggest contribution of growth in the country's economy is going to be from the MSME sector. But the biggest problem of this sector is money. Only about 16% of MSMEs get the facility of finance on time.
In such a situation, the Indian Government is coming up with a new initiative to solve the problems of these people. Where you will not have to stand in the line of banks to take loan.
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