On the occasion of International MSME Day, The Ministry of Micro, Small & Medium Enterprises, MSME celebrated, Udyami Bharat-MSME Day here. The Union Minister for Ministry of Micro, Small & Medium Enterprises, Narayan Rane graced the occasion as Chief Guest of the programme along with the Union Minister of State for Micro, Small & Medium Enterprises, Bhanu Pratap Singh Verma as Guest of Honor.

The event showcased the launch of various initiatives of the Ministry of MSME, dedicated towards growth and development of MSMEs such as, Champions 2.0 Portal and Mobile App for Geo-tagging of Cluster Projects and Technology Centers by the Chief Guest and Guest of Honor. Further, results for- MSME Idea Hackathon 2.0, were declared and MSME Idea Hackathon 3.0 for women entrepreneurs was launched.

Addressing the gathering, Narayan Rane emphasized the importance of MSMEs in the country’s GDP and exports and expressed hope that MSMEs will contribute to 50% of the country’s GDP by 2030.  He congratulated all stakeholders on the event’s success and urged everyone to take steps towards making India a USD 5 trillion economy.

Appreciating the role of Indian MSMEs in the growth of the country’s economy, Shri Bhanu Pratap Singh Verma highlighted, that since 2014, India’s GDP ranking has seen a significant jump from 10th to 5th position.

On this occasion, both the Union Ministers motivated entrepreneurs by distributing certificates to Gold and Silver ZED-certified MSMEs. During the event, 400 crore Margin Money subsidy was also released digitally to 10,075 beneficiaries of new Prime Minister’s Employment Generation Programme (PMEGP) units.