Shri Gadkari highlighted the contributions of MSMEs to the nation’s
economy and their potential to significantly reduce imports and boost exports.
Shri Gadkari praised the ingenuity and entrepreneurial spirit within the
MSME sector, stating, “The
small people with startups and MSMEs have a lot of new inventions and new
technology. Innovation, entrepreneurship, science, technology, research, scale,
and successful practices are the future. The conversion of knowledge into
wealth is crucial.”
He detailed the
government’s efforts to support MSMEs through financial provisions without the
need for bank guarantees. “We have made a
special provision for a ₹400 crore loan, backed by a trust and government
funding, to finance MSMEs without requiring collateral guarantees. If there is
any issue, the government will cover the liability,” he
explained.