MSMEs are the backbone of the Indian economy. They contribute 29 percent of the country’s GDP. MSME Minister Nitin Gadkari has set a target to up the contribution to 50 percent by 2025 as India becomes a $5 trillion economy. To boost the capabilities of MSMEs and small businesses, the MSME Ministry implements various schemes and programmes. Know how much did Modi government spent on MSMEs in 2019.