Narayan Rane is New MSME Minister

In a great expansion of PM Modi's Cabinet, Former Maharashtra Chief Minister and Rajya Sabha MP Shri Narayan Rane has been appointed as the new Minister for Micro, Small and Medium Enterprises (MSMEs).

Shri Rane, 69, was the Chief Minister of Maharashtra for a short stint in 1999 in the Shiv Sena-BJP alliance government.

He had been a six-time MLA and one-time MLC in Maharashtra and had served as cabinet minister handling important portfolios such as industries, revenue, ports and animal husbandry.

He takes charge of the MSME Ministry at a crucial time as the sector has been among the most affected business segments amid the Covid pandemic. The sector has been among the core focus of the government in its financial support announcements made in the past one year, including a separate resolution framework for MSMEs.

The government came with the much-talked about loan guarantee scheme for MSMEs and other eligible borrowers to cushion the impact of the pandemic.

Rane has been serving the public in elected offices across different capacities for over 35 years now. Before that, he had served in the Income Tax Department from 1971 to 1984. Shri Rane succeeds Nitin Gadkari, another senior BJP leader from Maharashtra.