• Manoj Kumar Yadav

ABSTRACT ___________________________________________________________________________ MSMEs (Micro, Small and Medium Enterprises) have been playing a crucial role in providing employment opportunities and industrialization in Indian economy, particularly in the rural areas. These firms typically account for more than 90% of all firms outside the agricultural sector. That is why MSMEs is considered as growth engine of the Indian economy. Despite its contribution and significance in the country, majority of the small units are facing sickness. After LPG policy (1991) in India, this sector is facing stiff competition from MNCs. The GOI has also withdrawn many protective policies for the MSMEs and introduced promotional policies to increase competitiveness of the sector. The main problems of the MSMEs are lack of adequate credit facility, lack of modern technology, complex labour laws and etc. India needs to create millions of job opportunities every year to provide gainful employment to its young population. Therefore, the GOI must encourage and try to promote MSMEs to take proper care of Indian economy with concrete plan of action and its honest implementation. In this paper I have tried to focus on the performance of MSMEs, and also various challenges facing by MSMEs in India. The study is based upon secondary data.

MSME, Employment, Opportunity, GOI

"Performances And Challenges of MSMEs in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 10, page no.3038-3041, October-2020, Available :http://www.jetir.org/papers/JETIR2010397.pdf

"Performances And Challenges of MSMEs in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 10, page no. pp3038-3041, October-2020, Available at : http://www.jetir.org/papers/JETIR2010397.pdf