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Asian Journal of Research in Business Economics and Management
Year : 2017, Volume : 7, Issue : 7
First page : ( 245) Last page : ( 268)
Online ISSN : 2249-7307.
Article DOI : 10.5958/2249-7307.2017.00111.6

MSME performance and classifying problems of micro, small and medium enterprises in India

Goswami Priti*, Prof. Thakur Y. S.**

*Research Scholar, Department of Business Management, Dr. Harisingh Gour Central University, Sagar, Madhya Pradesh, India, pritimba123@gmail.com

**Head, Department of Business Management, Dr. Harisingh Gour Central University, Sagar, Madhya Pradesh, India

Online published on 17 July, 2017.

Abstract

For Micro, Small and Medium Enterprises with time government of India has withdrawn protective policies and has adopted promotional policies which increases competitiveness of the manufacturing and services sector. The sector has faced various changes in terms of definition. After the introduction of MSMED ACT, 2006 the small scale industries is known as Micro, Small and Medium enterprises. The study is based on secondary data. The study attempts to study the various problems faced by micro, small and medium enterprises. The classification helps in conceptualizing the various problems faced by MSMEs. This research paper is helpful to academicians, Ministry of MSME, practitioners and common people. Study concludes that the performance of MSMEs has a positive impact on the growth of the economy of the country and government should support this sector as it reduces poverty and helps in the development of the country.

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Keywords

Micro, Small and Medium Enterprise, Performance of MSMEs, Employment, Market value of Fixed Assets, Problems of MSMEs.

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