SME Times News Bureau | 24 Feb, 2018
Prime
Minister Narendra Modi Friday said the micro, small and medium
enterprise (MSME) sector is the backbone of the India economy and the
government is committed
to promote this sector.
Addressing
the Economic Times Global Business Summit in New Delhi, Narendra Modi
said that the MSME sector is the backbone of the economy and the
centre is constantly endeavouring for the promotion of the sector.
To
bring more and more small business to the formal sector, attention
has been given to higher credit support, capital and interest subsidy
and innovations, he added.
Financial
technology can play a key role for
the MSME sector,
he said, adding that the government is pushing FinTech
usage to provide the sector
with financial access and to
push their growth faster.
Increasing
use of FinTech is strengthening the Indian economy, he said.
Talking
about the Digital India Mission, the Prime Minister said that the
trinity of 100 crore bank accounts, 100 crore Aadhaar cards and 100
crore mobile phones, would create a unique ecosystem, not seen
anywhere else in the world. He also spoke of initiatives taken for
the MSME sector.
Talking
about the Digital India Mission, the Prime Minister said that the
trinity of 100 crore bank accounts, 100 crore Aadhaar cards and 100
crore mobile phones, would create a unique ecosystem, not seen
anywhere else in the world. He also spoke of initiatives taken for
the MSME sector.
The
Prime Minister said that there is unprecedented investment being made
today in infrastructure, agriculture, technology, health sector, and
education sector.
Modi also mentioned the initiatives taken in the health sector,
such as Mission Indradhanush, Jan Aushadhi Stores, and the Ayushman
Bharat scheme.
Talking
about the Digital India Mission, the Prime Minister said that the
trinity of 100 crore bank accounts, 100 crore Aadhaar cards and 100
crore mobile phones, would create a unique ecosystem, not seen
anywhere else in the world.