MSME [MICRO , SMALL & MEDIUM ENTERPRISES ]

byPOLITICS EXPERT VLOG Published:February 04, 2021

MSME [MICRO , SMALL & MEDIUM ENTERPRISES ]

MSME stands for Micro, Small and Medium Enterprises. In a developing country like India, MSME industries are the backbone of the economy. These industries are also known as small-scale industries or SSI's.

Atmanirbhar Bharat Mission

Atmanirbhar bharat or Self - Reliant India Mission ' is the vision of the prime minister of india Narendra Modi of making india a self - reliant nation . This mission cameup in the form of the ' Atmanirbhar bharat abhiyan ' or self - reliant india mission ' during the announcement of the coronavirus pandemic related economic package on 12th May 2020.

This self - reliant policy does not aim that to be protectionist in nature and as the finance minister clarified , " self - reliant india does not mean cutting off from the rest of the world .
Ravi shankar prasad [ law and IT minister ]
said that self - reliance does not mean isolating away from the world.
Foreign direct investment is welcome , technology is welcome self - reliant india .

✔ Initiatives :-

Atmanirbhar bharat package is very numerous government decisions have taken place such as changing the definition of MSME
[Ministry of Micro , Small and Medium Enterprises is a brach of Government of India], boosting scope for private participation in numerous sector , increasing FDI
[Foreign direct investment] in the defence sector and the vision has found support in the many of the sector such as solar manufacture sector .

☑ Examples of Initiatives which helped Atmanirbhar Bharat :

The growth of india personal protective equipement [PPE] sector from zero before march to 1,50,000 pieces by the beginning of May .

The PPE industry in india has become a Rs.7000 crore in two months the second largest after china .

The largest fund in the country worth Rs.21,000 crore was setup by the IIT Alumni Council[Indian Institute of Technology Alumni Council ] with the aim of supporting the mission towards self - reliance ..
India's own 'Made in india ' 5G network
was also announced in july 2020 by Reliance Jio .
Mukesh Ambani
[Mukesh Dhirubhai Ambani is an indian billonaire buisness magnate ad the chairman , manging director and largest shareholder of Reliance limited ]announced in mid term of july ' Jio ' has created a complete 5G solution from scratch , that will enable us to launch a world - class 5G service in india , and they were using 100 percent homegrown technologies and solutions .
In month of july 2020 , it was announced that Apple
would manufacture one of their premium iPhone models in India.
In month of August 2020 , the Defence Minister Rajnath Singh announced that the Defence Ministry is now readyfor a big push to 'Atmanirbhar Bharat Initiative' .

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MSME [MICRO , SMALL & MEDIUM ENTERPRISES ]

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