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Govt Committed To Achieve Goals Of Holistic Development, Self-reliance Of MSMEs: Rane

World MSME Day serves to remind the governments to maintain a business environment in which small rural, cottage and traditional industries also get the opportunity to flourish, he sai

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The central government is committed to achieving the goals of holistic development and self-reliance of micro, small and medium enterprises (MSMEs), said Union Minister for MSME Narayan Rane. 

While recovering from the adverse conditions arising out of the Covid-19 pandemic and the subsequent Ukraine war, the MSME sector not only digitised its business operations but also cut down its input cost and started a new tradition by domestically producing essential products curtailing imports, he said. 

Rane also said that Indian MSMEs started export of those products with the support of various schemes of the government. 

He said during this time, MSMEs focused their online services to reach the wider market, consequently, they have been able to overcome the adversity.

Rane said, "MSMEs are the backbone of the Indian economy and global sustainable developments. MSMEs are contributing to providing livelihood opportunities to local communities."