MSMEs in Jammu & Kashmir's Development

Empowering Local Economies

- Vinod Chandrashekhar Dixit

THE MSME sector in Jammu & Kashmir is showing positive growth, particularly in employment generation and registrations.

According to IBEF, Jammu & Kashmir leads in employment generation under the Prime Minister's Employment Generation Programme (PMEGP). In every developing economy Micro, Small and Medium Enterprises (MSMEs) play a significant role. A growing economy has to be backed by strong MSMEs which not only helps in generating employment and exports but also act as nursery of entrepreneurship and innovation.

Indian economy thrives through the means of enterprise creation as one of the prime movers of the economy. In this direction, "Make in India and Made in India" movement is integral to entrepreneurship development across the country. Therefore, Micro, Small and Medium Enterprises (MSMEs) play a vital role for strengthening the Indian economy.