The MSME sector contributes around 9 per cent to India’s GDP.
It accounts for as much as 30 per cent of the country’s total exports and 45 per cent of its manufacturing output. The MSME Ministry has also been seeking a single-window clearance mechanism along with setting specific timeframes for grant of loans, easier labour laws and simplification of processes as a part of road map to revitalise the sector.
Giving priority to the sector, MP government has opened a separate MSME department.
Source: Times of India