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33 Assertion and grants were given Reason the produce of such lands can be use for needy people​

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India’s Micro, Small and Medium Enterprises (MSME) sector is poised for a mega transformation in 2020, with the launch of

an Alibaba-like e- marketplace, trendy yet affordable khadi products to appeal to the masses and digital data-based credit

ratings to help entrepreneurs avail loans.However, the MSME sector, often considered the bulwark of the economy as it

contributes around 29% to the GDP and 48% to the Indian exports.

There is an urgent need of major reforms and policy interventions towards ensuring timely availability of low cost credit,

improving ease of doing business and technological up gradation, to take on the formidable challenge of creating millions of

jobs, ensure equitable distribution of national income and achieving large-scale import substitution.The World Bank has

recently approved loan worth $750 million to address the immediate liquidity and credit needs of India’s MSME sector that

has been severely impacted by the Covid-19 crisis. This will give a push to the Atmanirbhar Bharat vision of the governmen.

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