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₹54.2 lakh crore MSME loans sanctioned nationally in 2023-24
The New Indian Express Kochi
|March 17, 2025
MSMEs are considered the engines of employment generation and provide livelihood opportunities to a large section of the population.
The state government launched the 'Year of Enterprises' in 2022-23 to promote entrepreneurship, recognising the important role MSMEs play in socio-economic growth and in creating job opportunities.
"We can say this has yielded results. However, most new units have come up in the retail and services sectors. We need to ensure more units come up in manufacturing sector," he said.
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