Micro & Small Firms To Create 10.3M Jobs In Next Five Years, Says Report

A recent study by Azim Premji University, TISS and FICCI extrapolated that Micro and Small Enterprises can create 10.3 Million jobs in five years. The study suggested to create an Udyog Sahayak Enterprises Network (USENET) that will connect MSEs facilitating ease of doing business. Digitization, formalisation, availing of government loans and subsidies to be done through USENET, the joint proposal expects adding over 2-lakh crore in five years and 19 lakh crore in 10 years.