Rs 3 trn to act as booster, to help 450,000 MSMEs, says Ravi Shankar Prasad

More important in the contract for the government of India supply upto 200 crore, MSME will also be allowed to compete, said Prasad.

Union Minister Ravi Shankar Prasad on Wednesday said that the government's announcement of Rs 3 trillion will act as a strong booster for the micro, small and medium sector industries and it will directly impact nearly 45 lakh MSMEs.

"Finance Minister Nirmala Sitharaman has outlined the first series of follow-up action as the Prime Minister indicated. What is important is 3 trillion of strong booster for MSME industries. This is going to directly impact nearly 45 lakh MSMEs saving their jobs, their business opportunity, making them more competitive," said Prasad, news agency ANI reported.

"More important in the contract for