India, Sept. 18 -- The Government of India issued the following news release:
The Secretary, DFS chaired meeting on a 'Empowering MSMEs: Opportunities, Challenges and Way Forward', organised by Indian Banks' Association (IBA) at Mumbai today. The event brought together senior leadership of Small Industries Development Bank of India, Public Sector Banks, major Private Sector Banks, IBA along with MSME Industry Associations from across the country.
In the keynote address, the Secretary, Financial Services, underlined that MSMEs are the backbone of the Indian and global economy, contributing 30% to India's GDP and over 45% to exports and drive grassroots economic transformation by promoting entrepreneurship, employment, and inclusive growth....