The development of this sector is, therefore, crucial in generating significant levels of employment across the country, more so since we have a large young and educated population which is on lookout for employment. MSME – significance beyond job creation 4. While job creation is certainly critical, small businesses play a far greater role than just providing employment.
Let me state two key contributions of MSME sector here. 5. One, the MSME sector is a nursery for entrepreneurship and a school for innovation. Countless medium and large corporates in India have evolved out of being micro and small sometime in not so distant past.