Initiatives by MSME Ministry and Suggestions to Overcome the Problems Faced By Micro, Small and Medium Enterprises.

Abstract

In Indian economy MSME sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. They are also important for promotion of industrial development in rural areas, use of traditional or inherited skill, use of local resources, mobilization of resources and exportability of products. Government of India has taken many initiatives to promote the micro, small, medium enterprises. Despite of it, there are still many problems related to MSME which results in degradation of productions. These problems are considerably effecting the investment on machinery and equipment.The proposed paper attempts to address the problems faced by MSME and their solutions has described to overcome these obstacles.