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Govt's Rs 3 crore package helped over 3 lakh MSMEs, created 1.5 crore jobs: PM Modi

Prime Minister Narendra Modi in the parlaiment on Monday said that the Centre’s Rs 3 crore package helped over 3.5 lakh MSME units, which In turn saved about 1.5 crore jobs.

Govt's Rs 3 crore package helped over 3 lakh MSMEs, created 1.5 crore jobs: PM Modi

New Delhi: Underscoring the work done by his government to promote micro-businesses, Prime Minister Narendra Modi on Monday (February 7) said that the Centre’s Rs 3 crore package helped over 3.5 lakh MSME units, which In turn saved about 1.5 crore jobs.

Participating in the debate on the motion of thanks on the President`s Address, Prime Minister told Lok Sabha, that in order to protect Micro Small and Medium Enterprises (MSMEs), the government has formulated a scheme worth Rs 3 lakh crore.

Citing SBI`s data, the Prime Minister said, "Because of the government`s Rs 3 lakh crore scheme for our MSMEs sector, more than 3.5 lakh MSMEs and 1.5 crore jobs have been saved."

"Our government changed the definition of MSMEs and this helped the sector", he added.

PM who also made assertions about his famous Aatmanirbhar Bharat movement and said it is helping India become an integral part of global chain.

"Our big focus is on MSMEs and textile - the labour-intensive sectors," he added. T

Modi also said that India’s economy was the fastest growing economy noting the struggles posed by the Covid-19 pandemic.

Noting a rise in the exports of the country, the Prime Minister said that India has recorded highest exports in various sectors including Krishi (agriculture), mobile, software and defence.

India is making its identity in defence exports as well, said Prime Minister Modi adding that it is because of the country`s vision of Atmanirbhar Bharat.

"Total exports of India have touched record high figures even despite the pandemic," the Prime Minister said. 

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