Small industries backbone of economy, key to self-reliant India: CM Mohan Yadav

Madhya Pradesh Chief Minister Dr. Mohan Yadav on Sunday said that the growth of industries is directly linked to the nation’s prosperity, with small and cottage industries serving as the backbone of the Indian economy.

He stressed that optimal use of limited resources and uniform establishment of industries across all regions are essential for balanced development.

“Inauguration of Laghu Udyog Bharati’s state office during the Amrit Kaal of Independence reflects the state’s progress,” Dr. Yadav said while addressing the opening of the organisation’s newly constructed office, Udyam Setu, at Govindpura Industrial Area. The office, built at a cost of around ₹4 crore, was inaugurated amid Vedic chants alongside Laghu Udyog Bharati’s bi-annual regional convention and the Startup & Small Entrepreneurs Mahakumbh–2025.

The Chief Minister also announced that upon repayment of any institutional or bank loan, mortgaged or double-mortgaged property would be released, a move aimed at benefiting micro, small and medium enterprises (MSMEs). He assured that challenges faced in setting up small industries would be resolved, with mandatory permissions provided under a time-bound action plan. Industries generating employment will be incentivised, while subsidies will be extended for setting up new ITIs, polytechnic and engineering colleges.

Highlighting research and education as priority areas, Dr. Yadav said discussions are underway to establish study centres of domestic and foreign institutions at IIT Indore. “Indian small industries are the most accurate example of ‘heritage to development.’ They are not just businesses but foundations of hope, self-respect and economic self-reliance for millions,” he remarked, comparing small industries to the spine of the Indian economy.

With India home to over 6 crore MSMEs contributing 30% to GDP and 45% of exports, the Chief Minister said their role has been crucial in India becoming the world’s fourth-largest economy. Referring to Prime Minister Narendra Modi’s vision of Make in India and Vocal for Local, he underlined that the path to a self-reliant India begins with small enterprises.

Dr. Yadav urged entrepreneurs to adopt the mantra of Low Price, High Quality, embrace technology, enhance marketing skills and expand globally via e-commerce. He also lauded women entrepreneurs, particularly Ladli Behnas, for boosting family income and strengthening social empowerment.

Keynote speaker Dr. Krishna Gopal emphasised that small industries sustain households, create employment and support weaker sections. He noted that unlike in many parts of the world, Indian small industries remain resilient due to cultural values. “These industries are eco-friendly, generate no carbon emissions and the artisans deserve respect,” he said.

The event was attended by MSME and Bhopal District In-Charge Minister Shri Chaitanya Kashyap, Laghu Udyog Bharati National President Shri Ghanshyam Ojha, State President Shri Rajesh Mishra, Sports & Youth Welfare and Cooperation Minister Shri Vishwas Kailash Sarang, Minister of State (Independent Charge) for OBC & Minority Welfare Smt. Krishna Gaur, All-India Organizational Secretary Shri Prakash Chandra, besides several office-bearers, industrialists and entrepreneurs.