President Ram Nath Kovind today launched the Solar Charkha Mission covering artisans in 50 identified clusters and the Sampark portal — a digital platform to connect five lakh job seekers with recruiters — at an event to mark the important economic role played by micro, small and medium enterprises (MSMEs).
Appreciating the role of the MSME sector in leveraging the demographic dividend of the country and promoting inclusive growth in rural and backward areas, Ram Nath Kovind pointed out that the sector accounted for around 60 percent employment in India.
Last year, the UN General Assembly had declared June 27 as MSME Day, recognizing the importance of the sector in achieving sustainable development goals and in promoting innovation, creativity and sustainable work for all.
The Solar Charkha Mission will entail a subsidy of Rs 550 crore in the initial two years for 50 clusters and every cluster will employ 400 to 2000 artisans. The mission will generate employment in rural areas and contribute to the green economy.
MSME account for around 60% of employment in India.
MSME has registered over 10% growth in recent times which is much more compared to large enterprises.
This is one sector where people not only exhibit their entrepreneurial skills, become part of large value chains but also become job creators in the process.