Title: ROLE OF MICRO, SMALL AND MEDIUM ENTERPRISES (MSMES)
AND ITS ECONOMIC OBSTRUCTIONS IN INDIA
Authors: Atul Saikia
Assistant Prof., Dept. of Economics, Dhemaji College, Assam, India
MLA 8 Saikia, Atul. "ROLE OF MICRO, SMALL AND MEDIUM ENTERPRISES (MSMES) AND ITS ECONOMIC OBSTRUCTIONS IN INDIA." Int. j. of Social Science and Economic Research, vol. 3, no. 12, Dec. 2018, pp. 7069-7083, ijsser.org/more2018.php?id=499. Accessed Dec. 2018.
APA Saikia, A. (2018, December). ROLE OF MICRO, SMALL AND MEDIUM ENTERPRISES (MSMES) AND ITS ECONOMIC OBSTRUCTIONS IN INDIA. Int. j. of Social Science and Economic Research, 3(12), 7069-7083. Retrieved from ijsser.org/more2018.php?id=499
Chicago Saikia, Atul. "ROLE OF MICRO, SMALL AND MEDIUM ENTERPRISES (MSMES) AND ITS ECONOMIC OBSTRUCTIONS IN INDIA." Int. j. of Social Science and Economic Research 3, no. 12 (December 2018), 7069-7083. Accessed December, 2018. ijsser.org/more2018.php?id=499.
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Abstract: Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and
dynamic sector of the Indian economy. MSMEs not only play crucial role in providing large
employment opportunities at comparatively lower capital cost than large industries but also help
in industrialization of rural & backward areas, 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 sector has often been termed as the "Engine of Growth" for
developing countries. The MSME sector is the second largest employer of human resources. In
India, the MSME sector employs nearly 11 crore people and contributes to around 17 percentage
of the GDP. MSME sector possesses enough potential and possibilities to give Indian economy a
big leap forward. With a little support from the government and financial institutions, these units
can be on the way to becoming the pillars of growth. Poor infrastructure and inadequate market
linkages, lack of adequate and timely access to finance are among key factors that have
constrained the growth of the sector. Taking into account the enormous potential of the small
sector, the entrepreneurs and the policy-makers must act collectively to facilitate growth in this
sector. Considering the potentiality of MSME sector to strengthen the economy, this paper
attempts to examine the importance and contribution of this sector in economic development of
the nation. The present study is also attempts to analyse the problems MSME sector.
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