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Grade of Micro, Small and Medium Enterprises (MSMES) in India

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Issue Abstract

Abstract 

Micro, Small and Medium Enterprises (MSME) sector has emerged in the Indian economy as a highly vibrant and dynamic sector over the last five decades. MSMEs not only play vital role in providing large employment opportunities at comparatively lesser capital cost than large industries but also help in rural & backward areas industrialization, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes enormously to the socioeconomic development of the country. This paper is attempted to highlight the present status of MSMEs and financial assistance or credit offered by the Public, Private and Foreign banks for the development of MSMEs in India. 

Keywords: MSMEs, Registered & Unregistered Sector, Bank Credit. 

Author Information
Dr. P.Balagurusamy
Issue No
2
Volume No
1
Issue Publish Date
05 Feb 2022
Issue Pages
1-6

Issue References

 References

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  5. Government of India. (2016). Annual report 2015-14. Retrieved from.

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  8. Lahiri, R. (2014). Problems and prospects of micro, Small and Medium Enterprises (MSMEs) in India in the Era of Globalization. In the  International Conference on Interplay of Economics, Politics and Society for Inclusive Growth Organized by Royal College of Thimphu, Bhutan.(October 15 and 16, 2014)[Available: Http://www. Rtc. bt/conference/2014], Retrieved from 
     

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