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As per the latest information received from the Ministry of Statistics & Programme Implementation, the share of MSME Gross Value Added (GVA) in all India Gross Domestic Product (GDP) during last five years are as follows:
Year | Share of MSME GVA in All India GDP (in %) | |
2017-18 | 29.7 | |
2018-19 | 30.5 | |
2019-20 | 30.5 | |
2020-21 | 27.3 | |
2021-22 | 29.6 | |
2022-23 | 30.1 |
As per the information culled out from the Data Dissemination Portal of Directorate General of Commercial Intelligence and Statistics (DGCIS), the share of export of MSME specified products in all India exports are as follows:
Year | % share of Export of MSME related products in All India Export |
2019-20 | 49.75% |
2020-21 | 49.35% |
2021-22 | 45.03% |
2022-23 | 43.59% |
2023-24 | 45.73% |
2024-25* | 45.79% |
*up to May 2024
As on 16.07.2024, the total employment reported by the MSMEs on the Udyam Registration Portal (since 01.07.2020 to 16.07.2024) is 203.9 million(including informal micro enterprises registered on Udyam Assist Platform).
The Ministry of Micro, Small and Medium Enterprises (MSME) implements various schemes and programmes aimed at promotion and development of MSME Sector in the country. These schemes/programmes include MSME Champions Scheme, Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), Prime Minister's Employment Generation Programme (PMEGP), Micro and Small Enterprises - Cluster Development Programme (MSE-CDP) and Raising and Accelerating MSME Performance (RAMP).
Further Government has taken a number of initiatives to support the MSME sector. Some of them are:
This information was given by Minister of State for Ministry of Micro, Small & Medium Enterprises, Sushri Shobha Karandlaje in a written reply in Rajya Sabha today.
(Source: Pib.gov)
Schedule M of the Drugs and Cosmetics Rules, 1945, outlines good manufacturing practices (GMP) for pharmaceutical products, including a prompt recall system for defective products.
Read moreThe MSME ministry will present the scheme to the Expenditure Finance Committee for approval following a series of consultations with stakeholders.
Read moreKladana recently expanded its footprint in India and established an office in Mumbai to serve hundreds of SMEs that are already using its capabilities.
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INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
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