Splint International Journal Of Professionals
  • Year: 2017
  • Volume: 4
  • Issue: 1

Enlargement and develpopmet of micro, small and medium enterprises

  • Author:
  • C. Mayilsamy1, R. Ramki2
  • Total Page Count: 5
  • Page Number: 35 to 39

1Assistant Professor, Department of Commerce, Ananda College, Devakottai, Tamil Nadu, India

2Assistant Professor, Department of Commerce, Ananda College, Devakottai, Tamil Nadu, India

Online published on 18 March, 2021.

Abstract

In India Micro, Small and Medium Enterprises play an essential role in the overall industrial economy of it country. Micro Small and Medium Enterprises sector plays a major role on export performance in Digital India, The Micro, Small and Medium Enterprises take part in a wide role in money-making development in India, not only in India and also in developing and developed countries, its contribution of Gross Domestic Product in economic for more than 8.12 percent in the year 2014 .The Concert of Micro, Small and Medium Enterprises introduced in the year 2006, in early days this concept is called as a Micro Small and Medium Enterprises, from the beginning to till the Micro, Small and Medium Enterprises sector provides a plentiful of job opportunities to the world. Indian Government and the commercial banks are offering some Micro Credit or (Finance) for upliftment of Micro, Small and Medium Enterprises. Through the bank credit of this sector has increased the Economy of Government and people get more employment opportunities and more earnings. Micro, Small and Medium Enterprises play a vital role for the Growth of Indian economy by contributing 45 percent of the industrial output 40 percent of exports, 42 million in employment, and create on one million jobs every year and produces more than 8000 quality various products for the Indian and International Markets in the world.

Keywords

Micro, Small and Medium Enterprises, Entrepreneur, Growth, Micro Credit, Five Year Plans, Employment &Investment