UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 7 Issue 10
October-2020
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2010397


Registration ID:
302859

Page Number

3038-3041

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Title

Performances And Challenges of MSMEs in India

Abstract

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 The GOI has also withdrawn many protective policies for the MSMEs and introduced promotional policies to increase competitiveness of the sector.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.

Key Words

MSME, Employment, Opportunity, GOI

Cite This Article

"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

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"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

Publication Details

Published Paper ID: JETIR2010397
Registration ID: 302859
Published In: Volume 7 | Issue 10 | Year October-2020
DOI (Digital Object Identifier): http://doi.one/10.1729/Journal.40774
Page No: 3038-3041
Country: Muzaffarpur., Bihar, India .
Area: Arts
ISSN Number: 2349-5162
Publisher: IJ Publication


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