The above measures have, certainly, provided an enabling environment and have facilitated the growth of MSMEs. I, however, believe that we have, so far, realized only a very small proportion of the vast potential of MSMEs. The latent and untapped potential of MSMEs, if nurtured properly, could well contribute to greater employment generation and higher economic growth of the country.
Let me, therefore, focus the rest of my talk on the role of MSMEs in our economic development, issues in their development, policy response and the future agenda. I. Significance of the MSMEs  I cannot over-emphasise the importance of MSMEs.