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CRISIL SME TRACKER: Budget 2018's focus on MSMEs to spur job creation

The MSME sector employs over 111 million people and contributes nearly 31 per cent of India's GDP

Business Standard 

The government has in Budget 2018-19 rightly focused on micro, small and medium enterprises (MSMEs) as the preferred route for rapid job creation and self-employment. The MSME sector employs over 111 million people and contributes nearly 31 per cent of India’s GDP.

Sharpening the focus on the promotion of self-employment, the government has increased funding for the Prime Minister’s Employment Generation Programme to Rs 18.01 billion in the financial year 2018-19, from Rs 11.95 billion (revised) in fiscal 2017-18. Similarly, the target for the flagship Pradhan Mantri ...

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First Published: Mon, February 05 2018. 23:32 IST
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