Minister Says MSMEs created 4 Crore Jobs in 4 Years

[vc_row][vc_column][vc_column_text]Minister for Micro, Small and Medium Enterprises (MSMEs) Giriraj Singh informed that the MSME sector created four crore jobs across the length and breadth of India in the last four years.
After agriculture, the MSME sector has been the second largest employment provider in India. A significant point is that this sector provides jobs to people in rural and backward areas.
The minister added that a number of jobs were created on a large scale in this sector with the help of initiatives such as collateral-free loans to entrepreneurs during the period 2014-18, thus registering 15 lakh people to the Prime Minister’s Employment Guarantee Programme, and establishing 94 clusters for artisans and manufacturers.
Addressing the “Udyam Sangam” conference to mark the UN MSME Day on 27 June, Singh claimed that the MSMEs have accomplished the target by creating job opportunities. He said he accepted with a challenge that his ministry had to create four crore jobs in four years.
He added that the Solar Charkha Mission — inaugurated by President Ram Nath Kovind — would provide employment to five crore people, with 50 clusters to be established in the first phase. The government would provide INR 550 crore as financial assistance. This phase would create one lakh jobs.[/vc_column_text][/vc_column][/vc_row]