Ministry of Micro, Small and Medium Enterprises
The Ministry of Micro, Small and Medium Enterprises (MSME) is a government body in India responsible for promoting and developing small businesses. It aims to enhance the competitiveness of micro, small, and medium enterprises through various schemes, financial support, and capacity-building initiatives. The ministry plays a crucial role in fostering entrepreneurship and creating job opportunities in the country.
The MSME sector contributes significantly to the Indian economy, accounting for a large share of industrial output and employment. The ministry implements policies and programs to facilitate access to credit, technology, and markets for these enterprises, ensuring their sustainable growth and development.