Asian Journal of Management and Commerce
2020, Vol. 1, Issue 2, Part A
Status of micro, small and medium enterprises (MSMEs) in India
Author(s): M Elayaraja and Dr. C Vijai
Abstract: Micro, Small and Medium Enterprises (MSME) sector has emerged in the Indian economy as a highly vibrant and dynamic sector over the last five decades. MSMEs not only play vital role in providing large employment opportunities at comparatively lesser capital cost than large industries but also help in rural & backward areas industrialization, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country. This paper is attempted to highlight the present status of MSMEs and financial assistance or credit offered by the Public, Private and Foreign banks for the development of MSMEs in India.
Pages: 05-08 | Views: 94 | Downloads: 45
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How to cite this article:
M Elayaraja, Dr. C Vijai. Status of micro, small and medium enterprises (MSMEs) in India. Asian J Manage Commerce 2020;1(2):05-08.