New Delhi, Mar 29 (KNN) As Micro, Small and Medium Enterprises (MSME) sector can get the business of  Rs 2,00,000 crore out of the Rs 3,02,885 crore allocated toward the implementation of related important schemes, says a report.

Rating Agency SMERA said that out of the Rs 3, 02,885 crore allocated toward the implementation of related Important schemes, the MSME sector can be a direct beneficiary of a Rs 2, 00,000 crore business.

These benefits are roughly 10.5% of the Total Expenditure of the government’s budget, said the agency in a statement.

The Rs 60-trillion MSME sector contributes a whopping 37.5 per cent of GDP and employs the most number of people.

The agency opines that MSME engagement will be crucial in the implementation as both manufacturing and services based MSME units will take advantage of this massive mobilisation of public finances.

On a standalone basis, the agency estimates that Rs 1,05,647 crore worth of business can be exclusively conducted by MSMEs.

The agency feels that implementation of various schemes such as Pradhan Mantri Gram Sadak Yojana, Kaushal Vikas Yojana, Swachh Bharat Abhiyan, MGNREGA and Khelo India may not require the participation of large companies.

Out of the total funds, Gram Sadak Yojana will attract Rs 19,000 crore, Swachh Bharat Abiyan will get Rs 11,300 crore, and roads and highways Rs 26,250 crore. (KNN Bureau)