MSMEs contribute to about 8% of the GDP of the country, about 45% of manufactured output and about 40% of exports. They are providing employment to about 59 million persons. Of the total, manufacturing enterprises are accounted about 67% and 33% of Service enterprises (Services 16.78% and Repairing & Maintenance 16.13) in India. Currently there are 15.64 lakh enterprises in India.
According to the Ministry of Micro, Small and Medium Enterprises, based on community status, about 7.60% of the enterprises were owned by Scheduled Caste (SC) entrepreneurs. Scheduled Tribe (ST) entrepreneurs are managing about 2.87% and about 38.28% of the entrepreneurs are Other Backward Classes (OBC). Thus, about 48.75% of the working units in the registered MSME sector were being owned by socially backward classes.
Coming to the numbers, there are 15.64 lakh enterprises are in India. Out of these, 5.99 lakh units are managed by OBC entrepreneurs. Scheduled Caste entrepreneurs are managing 1.19 lakh units and Scheduled Tribe entrepreneurs are managing only 0.45 lakh units in India. Remaining 8.02 lakh units are managed by others.