Press Release
Press Release from the Press Secretary to Hon’ble Chief Minister
Information & Public Relations Department
Significant Growth in MSMEs under Visionary Leadership in Sikkim
Since the formation of the Government under the visionary leadership of Hon’ble Chief Minister Shri Prem Singh Tamang Golay, Sikkim has witnessed a remarkable transformation in its entrepreneurial landscape. One of the most notable achievements has been the substantial growth in the Micro, Small, and Medium Enterprises (MSME) sector. The number of registered MSMEs in the state has grown exponentially from approximately 500 units prior to 2019 to over 16,000 units by 2025.
This impressive upsurge has been made possible through a series of strategic initiatives and policy reforms aimed at strengthening the MSME ecosystem.
A landmark achievement in this regard was the introduction of the first-ever Sikkim MSME Policy in 2022, formulated under the dynamic leadership of the Hon’ble Chief Minister. This comprehensive policy is designed to support and empower MSMEs at every stage of their growth be it inception, sustenance, or expansion.
The state’s MSME and entrepreneurship ecosystem continues to evolve, driven by the Government’s progressive vision and the proactive efforts of various departments particularly Commerce and Industries Departments. Through innovation, capacity-building, and focused support mechanisms, the Government has laid a strong foundation for inclusive economic development and job creation in Sikkim.
This achievement not only reflects the Government’s commitment to economic self-reliance but also showcases Sikkim’s emergence as a vibrant hub for grassroots entrepreneurship.
Some of the major achievements in the MSMEs sector in state are as follows:
Growth in MSMEs:
1. Pre-2019: Approximately 500 MSMEs in Sikkim
2. 2019–2025: Increased to over 16,000 MSMEs
Consistent Financial Support:
1. Financial assistance provided to 500 MSMEs every year
Infrastructure Development:
1. District-wise Flatted Factory Complexes established to provide dedicated space for MSMEs
Market Exposure:
1. Participation in 20 exhibitions and trade fairs annually
Export Promotion:
1. Export of Sikkim’s ODOP (One District One Product) items to international markets
Brand Establishment:
1. 100 new brands established in Sikkim during 2024–25
National Recognition:
1. Secured 3rd position in the National ODOP Award, 2024–25
2. Sikkim MSME Winner of the National ODOP Award, 2025–26
3. Sikkim MSME Winner of the National Startup Award, 2025–26
Outstanding PMEGP Performance:
1. Recognized as a top performer under the PMEGP Scheme with 400% subsidy disbursement in 2024–25
Facts/Figures/Inputs from Commerce and Industries Department.
Yougan Tamang
Since the formation of the Government under the visionary leadership of Hon’ble Chief Minister Shri Prem Singh Tamang Golay, Sikkim has witnessed a remarkable transformation in its entrepreneurial landscape. One of the most notable achievements has been the substantial growth in the Micro, Small, and Medium Enterprises (MSME) sector. The number of registered MSMEs in the state has grown exponentially from approximately 500 units prior to 2019 to over 16,000 units by 2025.
This impressive upsurge has been made possible through a series of strategic initiatives and policy reforms aimed at strengthening the MSME ecosystem.
A landmark achievement in this regard was the introduction of the first-ever Sikkim MSME Policy in 2022, formulated under the dynamic leadership of the Hon’ble Chief Minister. This comprehensive policy is designed to support and empower MSMEs at every stage of their growth be it inception, sustenance, or expansion.
The state’s MSME and entrepreneurship ecosystem continues to evolve, driven by the Government’s progressive vision and the proactive efforts of various departments particularly Commerce and Industries Departments. Through innovation, capacity-building, and focused support mechanisms, the Government has laid a strong foundation for inclusive economic development and job creation in Sikkim.
This achievement not only reflects the Government’s commitment to economic self-reliance but also showcases Sikkim’s emergence as a vibrant hub for grassroots entrepreneurship.
Some of the major achievements in the MSMEs sector in state are as follows:
Growth in MSMEs:
1. Pre-2019: Approximately 500 MSMEs in Sikkim
2. 2019–2025: Increased to over 16,000 MSMEs
Consistent Financial Support:
1. Financial assistance provided to 500 MSMEs every year
Infrastructure Development:
1. District-wise Flatted Factory Complexes established to provide dedicated space for MSMEs
Market Exposure:
1. Participation in 20 exhibitions and trade fairs annually
Export Promotion:
1. Export of Sikkim’s ODOP (One District One Product) items to international markets
Brand Establishment:
1. 100 new brands established in Sikkim during 2024–25
National Recognition:
1. Secured 3rd position in the National ODOP Award, 2024–25
2. Sikkim MSME Winner of the National ODOP Award, 2025–26
3. Sikkim MSME Winner of the National Startup Award, 2025–26
Outstanding PMEGP Performance:
1. Recognized as a top performer under the PMEGP Scheme with 400% subsidy disbursement in 2024–25
Facts/Figures/Inputs from Commerce and Industries Department.
Yougan Tamang