Strong network of MSMEs being developed as only India can buttress global supply chain: President Murmu

President Droupadi Murmu stated that a strong network of micro, small, and medium enterprises (MSMEs) is being developed in India, which is believed to strengthen the global supply chain. She emphasized the government's commitment to empower MSMEs and small entrepreneurs. Currently, around 3.5 crore MSMEs are registered on the Udyam and Udyam Assist Portal, and guarantees of nearly Rs 5 lakh crore have been sanctioned under the Credit Guarantee Scheme for MSMEs. Murmu also mentioned the success of the PM Vishwakarma Yojana, with over 84 lakh people connected to the scheme.

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Frequently Asked Questions

Q1: Who stated that a strong network of MSMEs is being developed in India to support the global supply chain?

A1: President Droupadi Murmu stated that a strong network of MSMEs is being developed in India which she believes can buttress the global supply chain. (Source: Moneycontrol)

Q2: Why is India considered capable of strengthening the global supply chain through MSMEs?

A2: India is considered capable due to its robust MSME network which contributes to diversification and strengthening of global supply chains, as highlighted by President Murmu. (Sources: various, including Moneycontrol and The Week)

Q3: What has President Droupadi Murmu emphasized regarding India's role in the global supply chain?

A3: President Murmu has emphasized the world’s belief that only India can strengthen the global supply chain, indicating confidence in India's capabilities to reinforce and be an integral part of it. (Source: The Week)

Q4: When did President Droupadi Murmu express her statements regarding MSMEs and the global supply chain?

A4: President Murmu's comments about India's MSME sector and its crucial role in the global supply chain were made in January 2023. (Source: The Week)

Q5: What is the significance of MSMEs in India's economy?

A5: MSMEs are significant for India's economy as they play a critical role in job creation, innovation, exports, and they serve as a link between Indian farmers and consumers among other vital economic activities. (Source: Invest India and Moneycontrol)

Q6: How is the inauguration of the Ram Temple expected to affect Indian MSMEs?

A6: The inauguration of the Ram Temple is projected to spur a business boost worth INR 55,000 Crore for MSMEs, indicating significant growth opportunities triggered by such events. (Source: Opportunity India)

Q7: What is the current term and the year when President Droupadi Murmu was elected?

A7: President Droupadi Murmu was elected in 2022 and is set to serve a five-year term. (Source: U.S. Department of State)

Q8: Has President Murmu attended any major international summits or events recently?

A8: Yes, President Murmu hosted a dinner for world leaders during the G-20 Summit on September 9, 2023. (Source: The Hindu)

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