Micro, small and medium enterprises will play a pivotal function in making Tamil Nadu a $1-trillion financial system by scaling up the Gross State Home Product by 2030, Minister for MSMEs and Rural Industries T.M. Anbarasan stated right here on Saturday. Addressing a MSME summit organised by the Federation of Indian Chambers of Commerce and Business, he stated MSMEs would make a serious contribution in the direction of reaching Chief Minister M.Okay. Stalin’s imaginative and prescient. Tamil Nadu granted funding subsidies to assist MSMEs through the COVID-19 pandemic and almost 2,784 corporations obtained ₹169.44 crore in a single spell. He additionally highlighted different authorities measures akin to new industrial estates and assist to the present models. R. Gajalakshmi, managing director, Tamil Nadu Small Industries Growth Company, stated about 60% of the non-public sector workers had been employed in MSMEs. To create extra alternatives, the summit had a panel dialogue on the challenges confronted by the MSME sector. G.S.Okay. Velu, chairman, FICCI Tamil Nadu State Council, lauded the federal government for making a single window portal that enabled the MSMEs to get approval, clearance and no-objection certificates from authorities departments. Bupesh Nagarajan, co-chairman, FICCI Tamil Nadu State Council, additionally spoke, stated a press launch.