Are MSMEs the Most Effective Platform for Job Creation?
Synopsis
Discover how MSMEs are shaping job creation in India! With insights from key figures like Jitan Ram Manjhi, this article reveals their crucial role in economic growth and ongoing initiatives like the PM Vishwakarma Scheme.
Key Takeaways
MSMEs are key to job creation in India.
Minister Jitan Ram Manjhi emphasizes their role in economic growth.
The PM Vishwakarma Scheme offers support to artisans.
The SRI Fund promotes a self-reliant India.
Ongoing training initiatives are crucial for MSME development.
New Delhi, Jan 26 (NationPress) Micro, Small and Medium Enterprises (MSMEs) serve as a powerful mechanism for job creation in India, with Minister for MSME Jitan Ram Manjhi stating that there is no better avenue for prosperity than MSMEs. The minister emphasized their substantial impact on the economy.
“They enhance prosperity and, after agriculture, are the second-largest contributors to economic growth. Their role is both crucial and decisive,” he noted during a session with MSME beneficiaries who were honored as ‘Special Guests’ at the Republic Day Parade 2026.
Invited guests included 100 beneficiaries of the PM Vishwakarma Scheme, 199 artisans trained under the Khadi Vikas Yojana, 50 recipients of the SRI Fund, and 50 outstanding women artisans from the Mahila Coir Yojana, all accompanied by their spouses, as recognized by the Ministry of Defence.
Shobha Karandlaje, Minister of State for MSME, expressed, “Seeing all of you here feels like a ‘Mini India’.”
“You represent various regions, yet we are united as one. I extend my gratitude to the Prime Minister; it is under his leadership that you are receiving this opportunity. Multiple schemes are being developed to ensure your benefit, alongside ongoing training and skill development initiatives,” Karandlaje added.
S.C.L. Das, Secretary of the Ministry of MSME, noted that the nation's progress is attributed to their contributions.
“Our strength lies in our diversity, and the Ministry of MSME will consistently engage with you to ensure that other beneficiaries also advance. We offer our heartfelt congratulations to each of you,” Das stated.
The PM Vishwakarma Scheme is a comprehensive initiative designed to provide all-encompassing support to artisans and craftspeople involved in 18 traditional trades.
The Self Reliant India (SRI) Fund stands as a flagship effort to empower MSMEs while promoting the vision of Aatmanirbhar Bharat.
Point of View
I believe that the emphasis on MSMEs is crucial for India's growth trajectory. The government’s focus on empowering these enterprises through various schemes reflects a commitment to inclusive development. It's essential to keep supporting these sectors as they hold the potential to drive innovation and employment across diverse regions.
NationPress
11 Jul 2026
Frequently Asked Questions
Why are MSMEs important for job creation?
MSMEs are significant for job creation as they provide employment opportunities to millions, making them crucial for economic stability.
What initiatives support MSMEs in India?
Initiatives like the PM Vishwakarma Scheme and Self Reliant India (SRI) Fund aim to empower and support MSMEs through training and financial assistance.
How do MSMEs contribute to the economy?
MSMEs contribute significantly to the economy by driving innovation, creating jobs, and enhancing the competitive edge of the marketplace.
Who can benefit from the PM Vishwakarma Scheme?
The PM Vishwakarma Scheme benefits artisans and craftspeople engaged in traditional trades, providing them with holistic support for their businesses.
