MSME is the backbone of Vikasit Madhya Pradesh and Atmanirbhar Bharat

Micro, Small, and Medium Enterprises (MSMEs) are not only the backbone of India’s economy but also a vital force in empowering millions through self-reliance and dignified employment. Recognizing their significance, the United Nations General Assembly declared 27 June as ‘International MSME Day’ in 2017. The day aims to raise awareness about the crucial role MSMEs play in achieving the goals of sustainable development.

Chief Minister Dr. Mohan Yadav said that the government aims to ensure self-employment or employment for at least one member of every family through the MSME sector. He highlighted that Prime Minister Shri Narendra Modi has also recognized MSMEs as the backbone of India’s industrial framework. Emphasizing their transformative role in the nation’s economic growth, Chief Minister Dr. Yadav reaffirmed the government’s commitment to nurturing and empowering this vital sector.

Currently, the number of MSMEs across the country has surpassed 6 crore, reflecting the sector’s rapid growth and importance. Over the past decade, credit availability for MSMEs has seen a substantial rise, from Rs 12 lakh crore ten years ago to Rs 30 lakh crore today. The loan guarantee cover has also been increased to Rs 20 crore. Additionally, a customized credit card facility has been introduced, enabling MSMEs to access working capital of up to Rs 5 lakh with ease.

Madhya Pradesh is setting new benchmarks in the MSME sector

The state government has introduced the Madhya Pradesh MSME Development Policy 2025, the Revised Startup Policy and Action Plan 2025, and the Building Allotment Rules 2025 to further industrial growth. In the year 2025–26, a total of 4 lakh 15 thousand 254 beneficiaries have been supported under various self-employment schemes, with a disbursal of Rs 3,861.48 crore. Notably, under the Pradhan Mantri Mudra Yojana, Rs 3,429.51 crore was provided to 3,83,886 beneficiaries, the highest among all schemes.

Under the National Rural Livelihood Mission, assistance amounting to Rs 224.99 crore was provided to 24 thousand 349 beneficiaries. Similarly, under the Prime Minister Employment Generation Programme (PMEGP), Rs 329 crore was disbursed to 5 thousand 345 beneficiaries. In addition, thousands of individuals have been connected to employment opportunities through various state initiatives, including the Chief Minister’s Youth Entrepreneur Scheme, Youth Self-Employment Scheme, Udyam Kranti Scheme, and the Building and Other Construction Workers Welfare Schemes, reinforcing the government’s commitment to inclusive economic development.

Thousands of beneficiaries were also linked to employment through the Mukhya Mantri Yuva Udyami Yojana, Yuva Rozgar Yojana, Udyam Kranti Yojana and Building and Other Construction Workers Welfare Schemes.

In addition to major employment initiatives, targeted support was extended through various state-level schemes. Under the Mukhya Mantri Udyam Kranti Yojana, Rs 54.06 crore was provided to 730 beneficiaries, while Rs 7.86 crore benefited 230 beneficiaries under the Mukhya Mantri Yuva Udyami Yojana. The Mukhya Mantri Swarozgar Yojana supported 200 beneficiaries with Rs 1.10 crore. Furthermore, assistance of Rs 1.54 crore was extended to 48 beneficiaries under the Scheduled Caste Welfare Scheme, and Rs 0.30 crore to 65 beneficiaries under the Scheduled Tribe Welfare Scheme.

Micro, Small, and Medium Enterprises (MSMEs) in Madhya Pradesh have emerged as key architects of the state’s social and economic future. This dynamic sector is not only giving tangible form to the vision of a self-reliant India but is also playing a pivotal role in realizing the ambitious goal of a Vikasit Madhya Pradesh by 2047.