According to the MSME Department of Madhya Pradesh, 1.2 lakh MSME units were registered in the state in the year 2021-22. These units generated employment for over 12 lakh people.
The MSME sector is one of the most important sectors of the Madhya Pradesh economy. It contributes significantly to the state’s GDP and employment.
The state government has taken a number of steps to promote the growth of the MSME sector, including:
- Launching the Industrial Promotion Policy 2021, which offers a number of incentives and concessions to MSME units.
- Establishing a single-window clearance system for industrial projects.
- Setting up a dedicated investment promotion agency to attract and facilitate investments in the state.
- Investing heavily in infrastructure development, such as roads, railways, and power.
The government’s efforts have resulted in a significant increase in the number of MSME units being registered in the state in recent years. The sector is expected to continue to grow in the coming years, providing more employment opportunities and contributing to the state’s economic development.