• Puja Chopra
• Prof Madhurima

Development as a word reflects improvement in one aspect or the other. Socio economic development reflects improvement in employment level, income, growth opportunities, education facilities etc. It is the process of economic and social transformation based on cultural and environmental factors. MSMEs play an important role in enriching broader eco systems of the firm. They help in the formation of new start-ups and ventures, which are generally comprise of small or micro firms and they are the primary source of net job creation in the country. MSMEs also help in reducing gender inequality by providing equal opportunities to both men and women to do business. A significant proportion of enterprises are now owned by women entrepreneurs. Based on the report of (IFC) s, it is estimated that nearly 9.34million are formal owned MSMEs in over 140 assessed countries, which is approximately one third of all formal MSMEs. All these and many more are valid examples to prove that MSMEs help in the process of development. In the present paper the MSMEs role will be analysed in creating beneficial environment for socio economic development in the country. The paper would utilize secondary data and descriptive research design to prove its point.

Socio economic, Gender Inequality.

"MSMEs-A boon in disguise for Socio Economic Development of the Country", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 10, page no.3116-3121, October-2020, Available :http://www.jetir.org/papers/JETIR2010409.pdf

"MSMEs-A boon in disguise for Socio Economic Development of the Country", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 10, page no. pp3116-3121, October-2020, Available at : http://www.jetir.org/papers/JETIR2010409.pdf