New Delhi, India: In a noteworthy development for the Indian economy, the Micro, Small, and Medium Enterprises (MSME) sector has crossed the remarkable milestone of generating over 15 crore jobs on the Udyam portal. This announcement was made by MSME Minister Narayan Rane, who lauded the sector’s role in job creation and its positive impact on women’s employment.
The MSME sector has long been recognized as a key driver of economic growth in India. The sector’s resilience and adaptability have been particularly evident in the face of various challenges, including the COVID-19 pandemic. With more than 3.4 crore women now employed in this sector, it is a testament to the inclusivity and diversity of the workforce.
Minister Narayan Rane expressed his delight over the achievement, giving credit to Prime Minister Narendra Modi’s leadership. He stated, “It is a matter of immense joy and pride that under the leadership of respected Prime Minister Shri @narendramodi ji, the MSME sector has achieved the great accomplishment of generating 15 crore+ employment. These 15 crore workers include more than 3.4 crore women.”
This significant milestone reflects the government’s continuous efforts to promote and support the MSME sector, which plays a vital role in the development of the Indian economy. MSMEs contribute significantly to the country’s GDP, export earnings, and job creation, making them a cornerstone of economic development.
The Udyam portal, launched to streamline and simplify the registration process for MSMEs, has played a crucial role in this achievement. It provides a platform for entrepreneurs to register their businesses and access various benefits, including financial assistance, training, and capacity building.
The growth in employment within the MSME sector is also a testament to the entrepreneurial spirit and resilience of Indians. Small and medium enterprises have consistently demonstrated their ability to adapt to changing market conditions and contribute to the country’s growth. Their role in fostering innovation and promoting self-reliance has been pivotal.
With the MSME sector continuing to grow and create jobs, the Indian economy is poised for a brighter and more inclusive future. The government’s commitment to supporting these enterprises and creating an enabling environment for their growth will undoubtedly drive further success in this sector.
As the nation celebrates this milestone, achieving 15 crore jobs in the MSME sector underscores the crucial role these enterprises play in economic development and employment generation. It serves as a testament to the commitment of the Indian government and the resilience of the country’s entrepreneurs and workforce.
