Business

Government will encourage MSMEs

New Delhi. Prime Minister Narendra Modi has said that his government is ready to formulate new policies to encourage micro, small and medium enterprises (MSMEs). He assured the MSME entrepreneurs that the government would provide them all kinds of help. Praising the entrepreneurs, the Prime Minister said that these people are playing an important role in the self-reliant India initiative.

Addressing the Entrepreneur India program, the Prime Minister also asked small entrepreneurs to register themselves on the Government e-Market Place portal, the Government Procurement Platform, GeM, for supply of goods to the government. The Prime Minister said – MSME is essential for self-reliant India, MSME sector has played a big role in shaping a self-reliant India in the last eight years. On this occasion, the Prime Minister also rewarded the states doing good work in the MSME sector.

Modi said on this occasion – I want one crore new registrations on GeM portal next week. He said that the government has increased the budget by more than one hundred and fifty percent in the last eight years to strengthen the MSME sector. The Prime Minister said that if any industry wants to grow, expand, then the government is not only supporting it, but it is also bringing necessary changes in the policies. He also said that the business of Khadi and Village Industries has crossed one lakh crore rupees for the first time, Khadi sales have increased four times in the last eight years.

Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.
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