MSME Policy-2021

      The Micro, Small and Medium Enterprises (MSME) sector is the engine of growth in India and contributes substantially to employment generation, scaling up of manufacturing capabilities, balanced regional development and socio-economic empowerment. It is the biggest employer after agriculture in the Country. World over, MSMEs are the main vehicles for job creation. As per the Annual Report (2018-19) of the Ministry of MSME, Government of India, the share of MSMEs in the Country’s GDP is around 28.9%. MSMEs also contribute 48.1% of the total exports from India. 

     As per the National Sample Survey (NSS) 73rd round, conducted by the National Sample Survey Office, Ministry of Statistics & Programme Implementation, Government of India during the period 2015-16, Tamil Nadu has the third-largest number of MSMEs in the Country with a share of 8% and around five million enterprises. It also accounts for nearly 15.24% of India’s micro-enterprises and has the highest number of non-farm units. 

     Tamil Nadu enjoys a dominant position in the industrial sector as indicated by the Annual Survey of Industries (2017-18). Tamil Nadu has over 25 lakh persons engaged in the factory sector which is highest in the country. With 37,987 factories, the state accounts for the 4th highest nos of factories in the country. Tamil Nadu ranks 3rd in the amount of invested capital and in terms of total industrial output in the industrial sector. 

Click Here for MSME Policy - 2021