Micro, Small and Medium Enterprises – A Case Study of Maharashtra (original) (raw)

Problems of Micro, Small, and Medium Enterprises (MSMEs) in India

International Journal of Small and Medium Enterprises and Business Sustainability, 2020

This paper purports to review the importance, progress, and major issues being faced by micro, small, and medium enterprises (MSMEs) and the perception of entrepreneurs based on empirical study. It has been recognized as an engine of economic growth and lifeline of the Indian economy owing to its inherent features of potential for huge employment generation, lower investment, low cost of capital, economic stimulation, empowerment and wellbeing of rural people. The Government has taken several measures to promote MSMEs by starting various flagship programs and initiatives.

Micro, Small and Medium Enterprise Sector in India

contribution of these enterprises to economic development and employment generation, which have attracted the attention of researchers and policy makers. It is therefore very pertinent and important to study about growth and contribution of this sector.

Problems and Prospects of Micro, Small & Medium Enterprises (MSME's) in India

The Micro, Small and Medium Enterprises (MSMEs) play a vital role in the economic and social development of the country, often acting as a nursery of entrepreneurship and innovation. They also play a key role in the development of the economy with their effective, efficient, flexible and innovative entrepreneurial spirit. The MSME sector contributes significantly to the country's manufacturing output, employment and exports and is credited with generating the highest employment growth as well as accounting for a major share of industrial production and exports. MSMEs have been globally considered as an engine of economic growth and as key instruments for promoting equitable development. The MSME sector in India is highly heterogeneous in terms of the size of the enterprises, variety of products, services and levels of technology. The sector not only plays a critical role in providing employment opportunities at comparatively lower capital cost than large industries but also helps in industrialization of rural and backward areas, reducing regional imbalances and assuring more equitable distribution of national income and wealth. MSMEs complement large industries. Micro, Small and Medium Enterprises (MSME) contribute nearly 22 percent of the country's GDP, 45 percent of the manufacturing output and 40 percent of the exports. They provide the largest share of employment after agriculture. They are widely dispersed across the country and produce a diverse range of products and services to meet the needs of the local markets, the global market and the national and international value chains. The major advantage of the sector is its employment potential at low capital cost. It is well known that the MSME sector constitutes the spine of the nation, small Industry has been one of the major pillars of India's economic development strategy since Independence. India accorded high priority to Small and Medium Enterprises (SMEs) from the very beginning and pursued support policies to make these enterprises viable, vibrant and over time, these have become major contributors to the GDP. Moreover, the MSME sector has weathered and overcome stiff competition in the post liberalization period in the domestic and International arena. In nutshell, the micro, Small and Medium enterprises (MSMEs) play a leading role in propelling economic growth sustaining livelihood and in promoting equitable regional development.

Micro, Small, and Medium Enterprises (MSMEs) : The Current Scenario

Arthshastra : Indian Journal of Economics & Research, 2017

Micro, small and medium enterprises have contributed significantly to the industrial development in the country, particularly in the rural sphere. They have added distinctly to the output and also to the employment generation in our country. The country is endowed with abundant natural, mineral, and agro-based resources, which have potential for industrial development, particularly small scale industrial development. In the MSME sector, a majority of the small units are facing sickness. In spite of many efforts made to boost industrial development, there has not been as much industrialization as desired. In order to build a proper and effective strategy for the development of our country's economy through the MSME sector, some of the important strategies could be motivating and changing of the mindset and attitude of the local youth for taking up various entrepreneurial ventures. The present study reviewed the growth and development of MSMEs in the country in general and Andhra Pradesh in particular. It also examined the development of MSMEs during the Five - Year Plans. The study also suggested feasible measures for effective functioning of MSMEs in the country with particular reference to the state of Andhra Pradesh. The study was based upon secondary data. The analysis of the data and application of appropriate statistical tools helped largely in drawing meaningful and useful inferences.

THE IMPACT OF MICRO, SMALL AND MEDIUM ENTERPRISES (MSMES) ON INDIAN ECONOMY IN INDIA

Shodhsanhita, 2022

MSME (Micro, Small and Medium Enterprises) is the soul of Indian business. Their involvement in an Indian economy like India is appreciated. Their key role is not only to generate employment, but also inspire less skillful level employee to begin at entrepreneur level. The objective of this research paper is to analyze the role of MSMEs in Indian economy (2020-2021), employment generation and estimated number of micro, small and medium enterprises. Current study has analyzed the annual report of MSMEs (2020-2021) using Ms-Excel and represented tables and charts of the analysis. This has been revealed that the MSME sector plays an important role in the growth and development of Indian economy and also aids in rendering employment opportunities to rural and urban areas. The study has also uncovered the percentage of leading industries in MSME sector and estimated number of employees and MSMEs. The limitation and future suggestion are also discussed in the study.

Micro, Small and Medium Enterprises (MSME)- An Indian Perspective

The present paper is an attempt to understand the MSME from Indian perspective from the point of view of employment and investment scenario, share of MSME sector in total GDP, sector wise break up, sector wise growth comparison and geographical wise division of registered and unregistered units etc. In this regard secondary data is taken as base. The present paper will give an opportunity for more intensive research perspective from segment wise classification of the data.

Major Role of Micro, Small and Medium Enterprises (MSMEs) Sector in North East India

International Journal of Multidisciplinary Research and Modern Education (IJMRME), 2022

The Micro, Small, and Medium Enterprises (MSME) sector has grown to be a vibrant area of the Indian economy and a crucial engine of the economic cycle. It generates the second highest employment possibilities and significantly aids in the growth of entrepreneurship. The MSME sector significantly contributes to the growth of the Indian economy, accounting for more than sixty-three million three hundred eighty thousand enterprises, over forty percent of exports, over twenty-eight percent of the GDP, and providing employment for about one hundred eleven million people. In this paper, an attempt has been made to analyses the major role of the MSME sector in North East India, and a brief discussion of the current situation, employment status, an overview of the targeted activities, and the growth and distribution of MSME in North East India. To achieve the study's various objectives, various methodologies were used. Secondary data has been analyzed to investigate the significant role of the MSMEs sector in North East India. According to the findings and analyses, the MSMEs sector as a whole is the engine of growth for the Indian economy and North Eastern states development. According to the study, there is an increasing pattern in the number of units, employment, and asset market value. It is worth noting that there is a strong relationship between the total factory unit and employment. The role of the MSMEs sector is rapidly expanding, and it has become a focal point for future growth in rural and urban development, with significant policy implications.

Status of Micro Small and Medium Enterprises ( MSME ) in India : A Regional Analysis

2017

In developing countries, like India, most of the space is not always suitable for set up of large investments and such type of lacuna can be minimized by lesser amount of investment. With the advent of planned economic structure of Indian Democracy, Micro, Small and Medium Enterprises (MSMEs), widely accepted “engine of economic growth of India” have gained attention of policy makers due to its potential of generating large output from a lower investment. This labour intensive sector has the capacity of reducing regional imbalances through income and employment generation, economic independence of rural folk and helps in sustainable development. Numerous registered and unregistered enterprises are mushrooming in India but there are also spatial inequalities too. In India, states like Tamil Nadu, Uttar Pradesh, Gujarat and West Bengal are the leading states in MSME sector. MSMEs in India are very much heterogeneous. The present paper will focus on existing scenario and trends of MSME...

Entrepreneurship in North Eastern Region of India-The Msme Perspective

International Journal of Research in Commerce and Management, 2012

The Micro, small and Medium Enterprises are playing a very important role in the socioeconomic development of our country for the last many years. This sector has contributed the overall growth in terms of Gross Domestic Product (GDP), Employment Creation and exports. This paper mainly focuses on Ministry of Micro, Small and Medium Enterprises (MSME), Govt. of India, in terms of working Micro, Small and Medium Enterprises (MSMEs) in India with their employment, fixed capital investment and production during the FY 2006-07 to 2010-11. It also tries to evaluate the percentage on the above parameters of North Eastern Region (NER) of India to All India for drawing meaningful result. Some recommendations are also drawn based on the findings of the study.

MICRO, SMALL AND MEDIUM ENTERPRISES IN INDIA TRENDS AND CHALLENGES.doc

SEDME

Despite new policy initiatives for the MSME sector in India a clear agenda and action of development for them have been found wanting. This paper is an attempt to capture the MSMEs scenario in India in terms of the recent trends in production, employment, exports and their contribution to the Indian economy. Besides analysing the critical significance of the MSMEs sector in the context of globalisation, the paper also examine the capacity of this sector to face the challenges imposed by rising competition and necessitated by new initiatives.