Union Minister of Micro, Small, and Medium Enterprises, Mr. Jitan Ram Manjhi, announced over 1.84 crore women-owned MSMEs, with 39% registered on Udyam and UAP platforms as of July 23rd, 2024.

The Union Budget 2024-25 highlights a US$ 23.88 billion (Rs. 2 lakh crore) Prime Minister’s package to enhance employment and skilling for 4.1 crore youth over next five years.

The Economic Survey highlights the MSME sector's crucial role, contributing 35.4% to manufacturing output, with GVA per worker rising to US$ 1,695.15 (Rs. 1,41,769) and GVO per establishment to US$ 5,540.81 (Rs. 4,63,389).

DGFT aims to finalize export projections for the fiscal year, focusing on enhancing ease of business to achieve India's US$ 2 trillion export target by 2030, with FY24 exports at US$ 778 billion, said Mr. Santosh Kumar Sarangi, Director General of Foreign Trade, Department of Commerce.

The DoT's new initiative, "Industry 4.0 Baseline Survey among MSMEs," fosters digital transformation, aiding organizations, and startups in preparing for upcoming 5G and 6G technologies.