The Micro, Small and Medium Enterprises (MSME) sector forms the backbone of the Indian economy. Its significance cannot be underestimated. It is the engine of growth for many developed and developing economies. The sector has employed millions of people in India and it is the biggest employer at the national level after the agricultural sector, despite the fact that the agriculture sector's contribution to the GDP is less than that of the MSME sector. It also helps in curtailing regional economic disparities, boosting exports, and contributing to inclusive growth. Despite India's infrastructural problems, lack of market linkages, and challenges in the flow of institutional credit, the MSME sector continues to have tremendous potential in India.
Keeping all these factors in mind, the MSME Conference is one of the most important events organized by the MEDC, wherein MEDC brings together the policy creators (government. officials and Ministers), capital facilitators (Banks and Institutions) and technology innovators in the field of MSME's. The Conference aims to update the awareness of participants regarding changing market needs, technological alterations, and innovations and initiatives for the benefits of the MSME sector of the country. Financing of the MSME sector is an important component of this initiative in the journey of the growth of the industry and economy and it is always addressed adequately in the MEDC's Conference on the subject. Verticals in the Conference include government schemes of incentives, financing of MSMEs, and success stories of technologies in MSMEs.