Micro firms can create 10.3 million jobs: Report
It noted that the government’s aggressive policies can enable the growth of the current 6.2 crore MSEs to 8 crore MSEs over the next 10 years.
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| A+A A- By Express News Service
BENGALURU: India’s informal micro and small firms can create 10.3 million jobs in next five years and add Rs 2,16,000 crore to the economy with the creation of a network that connects MSEs and helps them scale up digitally, said a policy document released by the experts at Azim Premji University in collaboration with the Tata Institute of Social Sciences and Federation of Indian Chamber of Commerce and Industry on Saturday.
FICCI, Azim Premji University recommend 18 lakh Udyog Sahayak Enterprises network to assist MSEs
The proposed programme can create sustainable livelihoods for 18 lakh educated youth, in addition to enabling MSE growth and indirect job creation and consequent economic growth, the report said
Joe C Mathew | January 24, 2021 | Updated 20:58 IST
An industry-academia collaboration has submitted a new policy proposal to Narendra Modi government to create Udyog Sahayak Enterprises Network (USENET) that provides a bouquet of services to micro and small enterprises (MSEs) of the country. The scheme envisages establishment of around 18 lakh Udyog Sahayak Enterprises (USEs) in three phases to service over 60 million MSEs over a period of ten years.
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