A STUDY ON IMPORTANCE OF MSME IN INDIA
MSME, Importance, Financial Assistance, Employment Opportunities, Growth, Make in India and Government Initiatives.
This Research paper aims to investigates about the MSME importance and how to overcome from the difficulties of MSME in India. MSME(Micro,small and Medium Enterprises) are the backbone of the Indian economy in almost 8% of the country. GDP accounts for about 45 percent of total industrial production and about 40 percent of the country’s exports. According to the Micro, Small and Medium Enterprises Development Act, 2006,the Government of India launched MSME or Micro, Small and Medium enterprises. These companies specialize in the production, processing or storage of products and goods. Micro, Small and Medium Enterprises are a very important part of the critical supply chain of products and services. This sector is seen as a job creator and plays a key role in providing large – scale Employment and industrialization of rural and backward areas.The MSME sector has regularly had a greater growth rate than the entire industrial sector in the current environment and has displayed commendable innovativeness. Additionally, the ability to adjust in the current economic crisis and recession. This industry is acknowledged as a global growth driver. Every economy recognises the value of micro, small, and medium – sized enterprises (MSME) and the employment they provide for kitchen craze at comparable legal costs in industrialising the underdeveloped area. This research paper gives an outline to study about the MSME classification, features and loan schemes initiated by the Government and significance in this examination in order to aid your country in reducing regional imbalances.
"A STUDY ON IMPORTANCE OF MSME IN INDIA", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.9, Issue 5, page no.109 - 113, May-2024, Available :https://ijsdr.org/papers/IJSDR2405015.pdf
Volume 9
Issue 5,
May-2024
Pages : 109 - 113
Paper Reg. ID: IJSDR_211179
Published Paper Id: IJSDR2405015
Downloads: 000347531
Research Area: Commerce
Country: Coimbatore, TAMILNADU, INDIA
ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJSDR(IJ Publication) Janvi Wave
