New Delhi, March 4 -- Prime Minister Narendra Modi said that MSMEs play a transformative role in the economic growth of India. Government is committed to nurturing and strengthening this sector, during his virtual address at the Post Budget Webinar 2025 on Tuesday.

To further streamline regulations, the Prime Minister announced the formation of a committee to review regulations in the non-financial sector. "A decision has also been taken to constitute a committee to review regulations in the non-financial sector. We aim to make them modern, flexible, and people-friendly. The industry will play a crucial role in this exercise."

He stated, "Today, the country has been witnessing an unprecedented consistency in government policies for over...