Micro, Small and Medium enterprises are the pillar of economic growth of the country. Often rightly termed as "the engine of growth", MSMEs have played a prominent role in the development of the country in terms of creating employment opportunities (biggest employer after agriculture sector), scaling manufacturing capabilities, curtailing regional disparities, balancing the distribution of wealth, and
Micro, Small and Medium enterprises are the pillar of economic growth of the country. Often rightly termed as "the engine of growth", MSMEs have played a prominent role in the development of the country in terms of creating employment opportunities (biggest employer after agriculture sector), scaling manufacturing capabilities, curtailing regional disparities, balancing the distribution of wealth, and contributing to the GDP significantly.