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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
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| Paper Title: | Problems and prospects of MSMEs |
| Authors Name: | Jigna sarvaiya |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_217897
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| Published Paper Id: | IJNRD2404352 |
| Published In: | Volume 9 Issue 4, April-2024 |
| DOI: | |
| 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 |
| Keywords: | MSMEs, Problems, Prospects, MSME Schemes, Made in India |
| Cite Article: | "Problems and prospects of MSMEs", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.9, Issue 4, page no.d459-d463, April-2024, Available :http://www.ijnrd.org/papers/IJNRD2404352.pdf |
| Downloads: | 00031 |
| ISSN: |
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID:IJNRD2404352 Registration ID: 217897 Published In: Volume 9 Issue 4, April-2024 DOI (Digital Object Identifier): Page No: d459-d463 Country: Rajkot, Gujarat, India Research Area: Management Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2404352 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2404352 |
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ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
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