Indian MSMEs created nearly 100 million jobs over 15 months, with budget allocation increasing by 41.6%.

Indian MSMEs have created nearly 10 crore jobs over the last 15 months, with registered MSMEs rising to 5.49 crore from 2.33 crore. Jobs reported by these enterprises increased to 23.14 crore from 13.15 crore. The Union Budget 2024-25 allocated Rs 22,137.95 crore to MSMEs, a 41.6% increase from the previous year, including new schemes for term loans without collateral and Mudra loan limits.

November 20, 2024
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