ONKAR SINGH / NEW DELHI
UNION Finance Minister Arun Jaitley has expressed hopes that India will soon be ranked among top 3 economies of the world. He was speaking at the launch of MSME Support and Outreach Programme here today.
Finance Minister said, 6.5 crore MSME units in India are providing employment to 11 crore people.
He said, India will continue as the fastest growing economy in the coming years and size of the economy will grow further.
Mr Jaitley said, India was 9th biggest economy in 2014 and now it is ranked 6th. He hoped that India will be in the top three economies of the world soon.
The Minister said, Government is working in a focused manner to tackle the sectoral challenges in MSME.
He informed that funds are reaching the people as direct benefit and Government is saving 90 thousand crore rupees through it.
He said, Government is providing mudra loans and these loans are being sanctioned in as less as 59 minutes. Minister for MSME Giriraj Singh also spoke on the occasion.