New Delhi : Union Minister for Micro, Small and Medium Enterprises (MSME) Jitan Ram Manjhi, Minister of State Sushri Shobha Karandlaje, and senior officials of the Ministry met Vice-President C. P. Radhakrishnan at Parliament House today. During the meeting, the Vice-President was informed about the MSME sector’s emergence as one of the most dynamic pillars of the Indian economy. Officials highlighted the sector’s significant contribution to economic growth, job creation, entrepreneurship, empowerment, and environmental sustainability.
The Ministry briefed the Vice-President on its efforts to promote formalization of enterprises through the Udyam Registration Portal, aimed at strengthening business identity and improving ease of doing business.
Key initiatives supporting MSME growth were outlined, including those for Khadi, Village, and Coir industries. The Ministry emphasized its work in expanding credit access, offering technology support, developing infrastructure, enhancing skills, boosting competitiveness, and improving market linkages.
The Vice-President was updated on flagship schemes such as PM Vishwakarma, the Credit Guarantee Scheme, PM Employment Generation Programme (PMEGP), the Micro and Small Enterprises Cluster Development Programme (MSE-CDP), the Public Procurement Policy for MSMEs, and initiatives promoting women-led and SC/ST-owned enterprises. The Ministry also presented its plans aligned with the vision of Viksit Bharat.
The Vice-President appreciated the Ministry’s efforts to strengthen the MSME ecosystem, welcomed the increase in budgetary allocations and credit support for entrepreneurs, and lauded the nationwide impact of PM Vishwakarma and other schemes.
Recognizing MSMEs as the second-largest source of employment in India, he stressed the need for continuous revitalization of the sector through focused measures such as infrastructure development, skill enhancement, and setting up training institutes in economically backward areas.