• MSMEs are Micro, Small, and Medium Enterprises that are usually involved in the manufacture and production of goods and commodities.
• Budget 2025-26 has targeted MSME sector through increased credit access, entrepreneurial support, and sector-specific initiatives

What makes them important?

• They are contributing roughly one-third of the GDP
• 45 % of exports and manufacturing output is through this sector.
• Provide jobs to nearly 25 crore people ,second only to agriculture.

Revised MSME Classification Criteria

Government Measures for Promotion of MSME Sector

• Udyam Registration Portal
• PM Vishwakarma scheme
• PMEGP(Prime Minister’s Employment Generation Programme)
• SFURTI(Scheme of Fund for Regeneration of Traditional Industries )
• Public Procurement Policy for MSEs,

Source: The Hindu