1.

Micro, Small, and Medium Enterprises (MSMEs) are among the country’s strongest drivers
of economic growth, innovation, and employment. The primary benefit of the MSME sector is
its employment potential, at a low capital cost.
2. MSME sector contributes roughly 45 per cent of manufactured production, more than 40
per cent of exports, and more than 28 per cent of GDP, while employing approximately 120
million people.
3. The priority sector lending targets for the Domestic commercial banks (excluding RRBs &
SFBs) & foreign banks with 20 branches and above is 40 per cent of ANBC or CEOBE
whichever is higher.
4. The new definition of MSMEs will make it easier for small businesses to expand and
flourish. The resulting economies of scale can boost productivity without depriving MSMEs of
government benefits such as market support, export promotion, preferential procurement in
the public sector..
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 5. As per the latest data there are around 36.1 million MSME units, spread across the
country, and MSMEs contribute approximately 6.11 per cent of manufacturing GDP
and 24.63 per cent of service GDP.
6. The “Make in India” project is built on four pillars established to boost
entrepreneurship in India, not just in manufacturing but also in other sectors. New
Processes, New Infrastructure, New Sectors, and New Mind-set are the four pillars.
7. The Start-up India Scheme aims to support individuals or businesses that have
recently formed their own start-ups by offering better finance, including tax breaks,
and ensuring that the process of establishing a start-up in India is smooth and quick.

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 8. The Production Linked Incentive Scheme (PLI) is a traditional and widely employed
government method for increasing the production of products considered important for
job creation, social welfare, and taxation. PLIs are simply financial incentives for
enterprises to increase output. Current PLI scheme covers 13 sectors.
9. The PLI scheme would make Indian firms globally competitive, encourage investment
in core competencies and cutting-edge technology, assure efficiencies, produce
economies of scale, boost exports, and integrate India into the global supply chain.
10. Udyami Mitra Portal is launched by SIDBI, to improve accessibility of credit and
handholding services to MSMEs.

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