The meeting involved a comprehensive review of
availability and prices of raw material due to disruption of global supply
chains, exports and imports, and gas related issues, transportation and
logistics, and working capital concerns of the MSME sector. The Minister directed
to closely monitor the evolving situation and develop timely and appropriate
strategies to effectively address any potential challenges arising from the
global developments.
Addressing the meeting, the Minister underscored the critical role of
the MSME sector in India’s economic growth, describing it as the backbone of
the economy. He noted that the sector not only generates employment for
millions of people but also makes a substantial contribution to the country’s
manufacturing output and exports. He reaffirmed the Government’s unwavering
commitment to safeguarding the interests of MSME entrepreneurs and ensuring the
sector’s continued growth and resilience.
Shri Manjhi further highlighted that under the leadership of Hon’ble
Prime Minister through initiatives such as Aatmanirbhar Bharat, Credit
Guarantee Scheme for Micro and Small Enterprises (CGSMSE), digital empowerment
and financial inclusion have strengthened the MSME sector’s resilience and
global competitiveness.