Paper Title
Problems and prospects of MSMEs
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Registration ID: IJNRD_217897
Published ID: IJNRD2404352
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Keywords
MSMEs, Problems, Prospects, MSME Schemes, Made in India
Abstract
In present scenario of business, the micro, small and medium enterprises have been accepted as the engine of growth for promoting equitable development of economy. The MSMEs also have the vital role in dispersal of industries and generation of employment opportunities. The MSMEs sector has consistently registered higher growth rate compare to the overall industrial sector in India. The distribution of MSME’s in all over India is not equal because of unavailability of raw material, unawareness or lack of entrepreneurial skill development and lack of financial support and technical assistance from concerning local authorities at district or state and central level. The unavailability of adequate and timely credit facility, high cost of credit, lack of modern technology, no research and innovations, insufficient training and skill development, complex labor laws are the main problem of the MSME’s. Although, there are various opportunities are available in the development of MSME’s. The MSME’s sector can also attract to the foreign investment and technology. The employment is more possible through the development of MSME’s. The MSME’s will be able to satisfy the needs of the customers up to a great extent after considering their expectations primarily. Migration of rural youths can be stopped by providing them chance to work at their place. The mutual change of technology among the different types of MSME’s, financial and technical assistance, liberal labor laws, training and skills formation will assist in the development of MSME’s. For the success of slogan “Vocal for local” & “Made in India’, Indian government opened many doors
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How To Cite (APA)
Jigna sarvaiya (April-2024). Problems and prospects of MSMEs. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(4), d459-d463. https://ijnrd.org/papers/IJNRD2404352.pdf
Issue
Volume 9 Issue 4, April-2024
Pages : d459-d463
Other Publication Details
Paper Reg. ID: IJNRD_217897
Published Paper Id: IJNRD2404352
Research Area: Management
Author Type: Indian Author
Country: Rajkot, Gujarat, India
Published Paper PDF: https://ijnrd.org/papers/IJNRD2404352.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2404352
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