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Terming MSMEs as the backbone of the Indian economy and global sustainable developments, Union Minister for MSME Narayan Rane has said that the MSME Ministry is committed to achieve the goals of holistic development and self-reliance of MSMEs, under the able leadership of Prime Minister Narendra Modi.

The Minister further noted that while recovering from the adverse conditions arising out of the Covid-19 pandemic and the subsequent Ukraine war, the MSME sector not only digitized its business operations but also cut downed their input cost and started a new tradition by domestically producing essential products curtailing import and also started export of those products with the support of various schemes of the Government.

Besides, he said that during this time, MSMEs focused their online services to reach the wider market, consequently they have been able to overcome the adversity. He also underlined that MSMEs are contributing in providing livelihood opportunities to local communities.