5. Highlight the reasons for the importance attached to the MSME sector. In this context, enumerating the government schemes to promote this sector explain the role that the MSME sector can play in the success of the Make in India initiative.

Approach:

♤ Attribute the importance of MSME to its share in production, exports and employment creation etc.

♤ Explain how MSME sector complements “Make in India” and how the various

Government schemes promote the development of MSME.