
Jharkhand MSME Promotion Policy 2023: Assessing the State’s Push to Build a Formal, Diversified Small-Enterprise Base
Micro, Small and Medium Enterprises (MSMEs) account for about 31.1% of the total GDP of India, 35.4% of manufacturing output and 48.58%% of India's exports and are the second largest employers of labour after agriculture (Ministry of Finance, 2026). However, in Jharkhand, the sector has been under the radar of big industrial houses and industries like the state's flagship policy Jharkhand Industrial and Investment Promotion Policy (JIIPP) 2021, which focused on large industrial and metal units, leaving MSMEs (the state reported that it had around 2.77 lakh Udyam-registered MSMEs by mid-2023) without a dedicated policy instrument.






