- MoMSME has launched several Schemes for benefit of MSMEs in the country. Click above to know more.
- Several Central Line Ministries and Nodal Departments have launched schemes for facilitating the growth of MSME Sector in the country. Click above to know more.
MSME - the backbone of Indian Economy
Million MSME units
Millions persons employed
+ Products exported by MSME
The Indian MSME sector is the backbone of the national economic structure and has unremittingly acted as the bulwark for the Indian economy, providing it resilience to ward off global economic shocks and adversities.
With around 63.4 million MSME units throughout the geographical expanse of the country, MSMEs contribute around 6.11% of the manufacturing GDP and 24.63% of the GDP from service activities as well as 33.4% of India’s manufacturing output.
They have been able to provide employment to around 120 million persons employed and contribute around 45% of the overall exports from India. The sector has consistently maintained a growth rate of over 10%. About 20% of the MSMEs are based out of rural areas, which indicates the deployment of significant rural workforce in the MSME sector and is an exhibit to the importance of these enterprises in promoting sustainable and inclusive development as well as generating large scale employment, especially in the rural areas.