Hyderabad: Chief Minister Revanth Reddy has urged micro, small, and medium enterprises (MSMEs) to play a key role in helping Telangana reach its goal of becoming a $1 trillion economy. He made this statement during the launch of the new MSME Policy for 2024.
The new MSME policy has several important focus areas:
1. Land Development: Making sure MSMEs have access to well-developed and easily available land.
2. Loan Access: Simplifying the process for MSMEs to get loans.
3. Raw Materials: Ensuring a steady supply of necessary raw materials.
4. Business Awareness: Helping businesses improve their understanding of business practices.
5. New Technology: Providing MSMEs with access to modern technology.
6. Market Expansion: Helping businesses find and enter new markets.
With this policy, Chief Minister Revanth Reddy aims to provide better support and opportunities to MSMEs. He believes that these efforts will strongly contribute to the state’s economic growth and help Telangana move closer to its $1 trillion economy goal.
