Question
What are its functions?
Answer :
Word Count : 513
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The Government of India has played a pivotal role in promoting the growth and development of Micro, Small, and Medium Enterprises (MSMEs) through various initiatives, schemes, and institutional support mechanisms. The functions of these government initiatives are multifaceted, aimed at strengthening the MSME sector, enhancing its competitiveness, and ensuring inclusive economic development. MSMEs are considered the backbone of the Indian economy as they contribute significantly to employment generation, industrial output, and exports. Hence, the government performs several key functions to nurture and sustain this vital sector. One of the primary functions of government initiatives in MSME development is to provide financial assistance and
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