MSME Enablement & Growth
MSME Enablement & Growth
MSMEs (Micro, Small, and Medium Enterprises) are the backbone of India’s economy, contributing over 30% to GDP, 45% to exports, and employing over 32 crore people.
Enabled by digital adoption (72% of transactions) and government initiatives like Udyam Registration, they drive industrial, regional, and employment growth
Key Aspects of MSME Enablement and Growth
Digitalization & Formalization
As of December 2025, over 7.30 crore enterprises registered on the Udyam portal, simplifying access to credit and benefits.
Government Initiatives (RAMP)
The Raising and Accelerating MSME Performance (RAMP) program provides crucial support through.
MSE SPICE
Encourages moving from linear to circular, green, and sustainable operations.
MSE GIFT
Offers concessional finance for adopting clean technologies.
MSE ODR
Facilitates speedy dispute resolution for delayed payments.
Credit & Financial Support
Collateral-free loans (up to ₹5 crore) are available through
.
Market Expansion
Public procurement policies mandate purchasing from MSEs, with CPSEs procuring over ₹37,000 crores in 2024-25.
Growth Drivers
Key sectors include manufacturing, export promotion (reaching 45.79% of total exports), and rural industrialization.
These efforts aim to enhance competitiveness, enhance productivity, and foster innovation to transition micro enterprises into small and medium ones, contributing to the “Viksit Bharat” (developed India) vision by 2047.