Mumbai, May 26 -- Union Finance Minister Nirmala Sitharaman, speaking at an event, launched a set of strategic portals and initiatives aimed at strengthening the MSME ecosystem, enhancing last-mile credit delivery and accelerating the modernization of rural industries. Highlighting the contribution of MSMEs to the Indian economy, Sitharaman said that MSMEs contribute nearly 35 per cent of manufacturing output, 48 per cent of exports and around 31 per cent of India's GDP. She noted that the sector comprises over 7.47 crore entrepreneurs and provides employment to more than 32 crore people across the country. The Union Finance Minister further stated that the Union Cabinet, in January 2026, approved an additional equity support of Rs.5,000 ...