Thread by @kunalrv

Micro small and medium enterprises. (MSME)

1. Employment to 11 cr people in India

2. 45% contribution to manufacturing output

3. 40% contribution to export

4. 28% to GDP

(1/n)

Problems

1. Physical infrastructure bottleneck

2. Access to credit

3. Lack of formalisation

4. Lack of technology

5. Poor market linkage

6. Poor capacity building

7. Delays in payment

(2/n)

Some positive steps in MSME Sector

1. Introduction of GEM portals

2. Production linked incentives (PLI) scheme

3. Udyog Aadhar

4. GST reform

5. Credit guarantee fund for micro and small enterprises

#upsc #notes
T.me/upscwithkunal