Telangana Government launched MSME policy-2024. Under this policy the state Government plans to spend Rs 4,000 crore over the next five years towards various initiatives to develop Micro Small, Medium and Enterprises in the state.

According to the new policy, to accelerate the growth of MSMEs, the state government has identified six trust areas for improvement improving availability, accessibility and affordability of land, facilitating access to finance, ensuring easy access to raw materials, improving flexibility in labour markets, encouraging adoption of technology and enhancing access to markets.

The policy said the government is aiming to see that over 25,000 new MSMEs are established in the state in the next five years.