• DR. MEENA RANI

Micro, small and medium sized (MSME) companies play an important role in India's economic growth, making significant contributions to employment, industrial production and exports. Recognizing their importance, the government has implemented a variety of policies focused on financial support, tax reform and digital transformation. Tax reforms, particularly, simplified compliance, but claimed strong management and compensation. Digital initiatives, such as the registration of UDYAM and Digital MSME, contributed to formalization, but many companies, especially in rural areas, do not have the necessary digital literacy and infrastructure. Government policies and recent developments, risks and challenges faced by the sector, major Government schemes initiated for the sector and opportunities ahead to enhance the MSME performance in India. However, the envisaged future growth in MSME sector requires adequate hassle-free financial support, induction of skilled work force, infrastructural assistance, ease of statutory compliance for faster processing of loans and credits and other amenities. MSME sector has come up as the major growth driver of the Indian economy, contributing nearly 40 percent of the nation’s GDP and creating employment opportunities.

MSMEs, Government Policies, Financial Inclusion, Digital Transformation.

"MANAGING CHALLENGES & OPPORTUNITIES IN GROWTH OF MSMEs IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 8, page no.e1-e5, August-2025, Available :http://www.jetir.org/papers/JETIR2508401.pdf

"MANAGING CHALLENGES & OPPORTUNITIES IN GROWTH OF MSMEs IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.12, Issue 8, page no. ppe1-e5, August-2025, Available at : http://www.jetir.org/papers/JETIR2508401.pdf