Importance of MSME in India | First Auditor.
- MSMEs are concerned with the well-being of their employees and craftspeople. They assist them by offering loans, employment, and other services.
- MSMEs offer banks capital assistance or credit limits.
- By opening specialised training facilities for the purpose, they encourage the growth of entrepreneurship as well as skill upgrades.
- They back the improvement of infrastructure, the advancement of developmental technologies, and the modernisation of the industry as a whole.
- MSMEs are renowned for offering fair support for increased access to both domestic and international markets.
- They also provide high-quality certification services and contemporary testing facilities.
- MSMEs currently support product development, design innovation, intervention, and packaging in line with current trends.
