Micro, small and medium enterprises (Msme): Engines of growth of Chandrapur district

Building a strong industrial sector has always been on top of the agenda of policymakers and those who rule India. Industries not only provide goods for internal consumption and export, but they have also played a paramount role in employing the youth of the district. Large industries such as iron and steel, cars, and electronic products take center stage when discussing gross domestic product (GDP) and economic growth, but there is also a sector of smaller industries, which play a significant role in both manufacturing products and creating jobs. But remains hidden from the view of economists and policymakers. This is the area of Micro, Small, and Medium Enterprises (MSME) i.e., small and cottage industries. The MSME sector in Chandrapur district employs crores of people and contributes to the GDP. This sector manufactures everything from cottage products like khadi kurtas, honey, and jute to be worn on special occasions and various accessories used in industrial production. But there are many challenges before this sector such as non-availability of credit on time, lack of infrastructure, technology for upgradation and resources to get skilled manpower, the proper market not available, etc. The problem of getting adequate funds for small and medium sector units comes because the institutions providing financial assistance do not believe that the units will be able to run. In this research paper, a study has been done on how micro, small, and medium-scale industries are working as engines of development in the Chandrapur district.