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As this Government enters its second year, the Cabinet took important decisions that will have a transformative impact on the MSME sector, our hardworking farmers and street vendors. Today’s decisions will ensure a better quality of life for them.
MSME sector is of great importance for us. Decisions taken for the MSME sector in today’s Cabinet meet will draw investments, ensure ‘Ease of Doing Business’, and easier availability of capital. Many entrepreneurs will gain from the revised definition of MSMEs.
India will prosper when our farmers prosper. Our Government has fulfilled its promise to our hardworking farmers, of fixing the MSP at a level of at least 1.5 times of the cost of production. Care has also been taken towards improving the financial situation of our farmers.
PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) is a very special scheme. For the first time, our street vendors are a part of a livelihood programme. This scheme will ensure support for street vendors. It harnesses technology and emphasises on capacity building.
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