Story perspectives

India's MSME Sector Set to Grow Amid Challenges

1/6/2025

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Summary

Story summary

India's MSME sector is expected to expand from 6.3 crores to 7.5 crores by 2025, growing at a 2.5% CAGR.
The government allocated INR22,138 crores to the MSME Ministry in 2024, prioritizing digital transformation and financial inclusion.
Key challenges include inflation and rising costs, driving MSMEs to adopt technology for improved competitiveness.
The PM Vishwakarma Scheme supported 24.77 lakh artisans in 2024, enhancing skills and market access.
Initiatives like the Yashasvini Campaign promote women's entrepreneurship and contribute to sector growth.

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Story summary

India's MSME sector is expected to expand from 6.3 crores to 7.5 crores by 2025, growing at a 2.5% CAGR.
The government allocated INR22,138 crores to the MSME Ministry in 2024, prioritizing digital transformation and financial inclusion.
Key challenges include inflation and rising costs, driving MSMEs to adopt technology for improved competitiveness.
The PM Vishwakarma Scheme supported 24.77 lakh artisans in 2024, enhancing skills and market access.
Initiatives like the Yashasvini Campaign promote women's entrepreneurship and contribute to sector growth.