Big news for MSME sector! Government aiming to create 5 crore additional jobs

Gadkari said, government aims to enhance MSME contribution to GDP from about 30 percent to 50 percent.

New Delhi: Union Minister for Road Transport and Highways and MSME Nitin Gadkari has said that the government is aiming to create 5 crore additional jobs in the MSME sector which presently employs about 11 crore people.

Speaking at a virtual meet organised to launch Aatmanirbhar Bharat ARISE Atal New India Challenges by NiTI Ayog Gadkari said that the government aims to enhance MSME contribution to GDP from about 30% to 50%; and in exports from 49 percent to 60 percent.

Gadkari applauded the Aatmanirbhar Bharat ARISE Atal New India Challenge initiative of Niti Ayog and called for working in encouraging use new technology in finding solutions to the problems being faced in different areas ensuring value addition. He cited the issue of excess rice which can be utilised for producing ethanol there by addressing the problem of storage on the one hand and providing green fuel to the country as import replacement on the other. Delving further on the issue he said risk taking ability in innovations/finding new solutions need to be promoted and those making bonafide mistakes in the process need to be protected.

The Minister stressed that country's growth will be further accelerated when the backward and tribal areas including the 115 aspirational districts are brought on growth trajectory. He pointed out that the Prime Minister has emphasised on the development and growth of these areas which are socially and  economically lagging behind.

The Minister further advocated broadbasing support for innovations and entrepreneurship so that bonafide new talent also get chance to grow. This helps in lowering costs as well. He also felt that performance audit of Schemes for agriculture and ST/SCs will help in better targeting the schemes.

The objective of Aatmanirbhar Bharat ARISE Atal New India Challenges program is to proactively collaborate with ministries and the associated industries to catalyse research, innovation and facilitate innovative solutions to sectoral problems.