• The Memorandum of Understanding (MoU) signed between India and the United States focuses on fostering collaboration in the Micro, Small, and Medium Enterprises (MSME) sector.
• This partnership was formalized between the Ministry of MSME, India and the Small Business Administration (SBA) of the USA. The goal is to enhance the growth and competitiveness of MSMEs in both countries through capacity building, innovation, and leveraging technology.
• This MoU aims to promote entrepreneurship, improve access to financing for MSMEs, and build the global competitiveness of businesses in both nations.
Study Notes
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