While addressing a gathering via video conference, where he distributed over 51,000 appointment letters to youth appointed in various government departments under Rozgar Mela, the Prime Minister stated that the mission would boost the country's MSMEs and small entrepreneurs while opening up new employment opportunities
"In this budget, the government has announced a manufacturing mission. Its objective is to promote 'Make in India' and provide the youth of India with an opportunity to create products of global standards. This will not only give a boost to lakhs of MSMEs in the country...our small entrepreneurs, but will also open up new employment opportunities across the country. Today marks a time of unprecedented opportunities for India's youth. Recently, the IMF has said that India will remain the fastest-growing economy in the world," PM Modi said
The Central Government in its Union Budget 2025, announced an increase in investment and turnover limits for the classification of MSMES and introduced customised credit cards with a limit of Rs 5 lakh
These cards will be available to businesses registered on the Udyam portal, ensuring financial support for small-scale entrepreneurs
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