MSMEs are the backbone of any economy, accounting for a large portion of employment, production and exports in most countries. In fact, 33% of India’s GDP comes from the MSME industry — this sector is also responsible for the generation of over 120 million jobs across various industries, all of which contributes to wealth creation.
https://economictimes.indiatimes.com/small-biz/sme-sector/how-lending-first-approach-can-redefine-sme-financing/articleshow/100783368.cms?from=mdr