Micro, Small and Medium Enterprises Minister Nitin Gadkari has said that the vision of achieving 5 trillion dollar economy will only be possible when 29 percent share of MSMEs to national growth will reach fifty percent.
Speaking after conferring upon National MSME Awards to awardees in New Delhi today, Mr. Gadkari said, only MSME sector can resolve the problem of unemployment in the country and his Ministry is ensuring that banks provide all necessary assistance to the sector to grow.
The Minister said, government has determined to increase the contribution of MSME in the national export to a significant level which is currently at 45 percent. On the occasion, Mr Gadkari conferred 50 National MSME Awards upon awardees for their outstanding performance and contribution in the development of MSME sector.
Our Correspondent reports that these awards are given every year in seven different categories to give recognition and honour entrepreneurs to felicitate their outstanding performances. The awards were given away to the various departments of the State and Union Territories for promotion and development of MSME sector in their jurisdiction.
