MSMEs do not just support industrialization in backward and rural places but can help to minimize regional imbalances and assures equal distribution of national wealth and income. They meet the needs of local markets along with national and foreign value chains. This sector contributes a lot to the GDP and manufacturing output.
The role of MSMEs is mentioned regarding their contribution to economic growth, employment, and balanced regional development, however, it is very important that they are sustainable and can contribute to exports majorly.
The benefits of redefining value proposition are multiple and they are a part of Redefining Value Proposition to MSMEs homework help online. This redefinition shall not restrict technology investments rather will encourage the MSMEs to invest more for improving competitiveness. Minimizing the transaction costs of multiple inspections for deciding the classification of enterprises shall be positive.
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