From Registration Growth to Economic Impact: A Measurable MSME Outcome Target for FY 2026–27
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Respected Shri Manjhi ji,
Warm regards.
The rapid expansion in MSME registrations in recent years reflects growing formalisation of India’s entrepreneurial ecosystem.
With FY 2026–27 budgetary support of approximately ₹24,566 crore, the next step may be to translate this expansion into measurable economic outcomes.
May I suggest:
👉 Defining a clear target for MSME-led job creation or credit expansion for FY 2026–27
Such an outcome-oriented approach could:
- Strengthen policy impact
- Improve monitoring and accountability
- Enhance contribution of MSMEs to employment generation
This could mark a transition from scale to impact.
Warm regards,
Hemen Parekh
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