MSME competitive scheme part of efforts to strengthen sector: PM Modi

Under the revamped MSME Competitive (LEAN) scheme, the Centre's contribution will be 90 per cent of the implementation cost for handholding and consultancy fees

Representative image. Credit: PTI File Photo

Prime Minister Narendra Modi on Monday said the government's MSME Competitive (LEAN) scheme is part of its efforts to strengthen the MSME sector, which is a key pillar of India's economic growth.

In response to a tweet by MSME Minister Narayan Rane, the prime minister tweeted, "A part of our efforts to strengthen the MSME sector, which is a key pillar of India's economic growth.

The government on Friday launched the revamped MSME Competitive (LEAN) scheme to make it more beneficial for enterprises and stakeholders.

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Under the revamped scheme, the Centre's contribution will be 90 per cent of the implementation cost for hand holding and consultancy fees as against 80 per cent previously.