A Study on Micro, Small and Medium Enterprises (MSMEs) in India - Opportunities and Challenges

M Abdul Rahuman; A Abdhul Rahim

doi:10.34293/commerce.v12i4.8133

M Abdul Rahuman Assistant Professor of Commerce, Sadakathullah Appa College (Autonomous), Tirunelveli, Tamil Nadu, India https://orcid.org/0000-0002-5584-3545
A Abdhul Rahim Assistant Professor of Commerce, Alagappa Government Arts College, Karaikudi, Tamil Nadu, India

DOI: https://doi.org/10.34293/commerce.v12i4.8133

Keywords: MSME, Schemes, Opportunities, Challenges

Abstract

In our country, the MSME plays a major role in the economy and social development of the country. Currently, the MSME sector contributes more strength to the development of our nation. India provides various opportunities for the entrepreneur. The MSME concentrates on skill development and creates awareness among entrepreneurs. MSMEs provide various opportunities for entrepreneurs. The banking sector offers loans and training for people in need. The labour-concentrated sector helps reduce imbalances in the region. The MSME plays a major role in all types of the sector like khadi & village industries, coir industries, etc.. The entrepreneur as well as employees gain more knowledge through the MSMEs sector.. This paper is an attempt to study the opportunities and challenges faced by micro, small, and medium enterprises in the country.