- The ‘Make in India’ initiative and the ‘Atmanirbhar Bharat Abhiyaan’ (Self Reliant India Campaign) have played a key role in promoting business and local manufacturing in the country, giving special thrust to Micro, Small and Medium Enterprises (MSMEs), also referred to as the backbone of Indian economy.
- The central government has also taken immediate response measures in the form of the Atmanirbhar Bharat Package to ensure continuity of businesses during the COVID-19 pandemic.
- Along with these measures, the main governing body for MSMEs in the country, i.e., the Ministry of Micro, Small and Medium Enterprises (M/o MSMEs) also has numerous schemes in place to support the budding manufacturing units across the country.