Description:
Micro,Small and Medium Enterprises (MSMEs) sector has emerged as a highly vibrant anddynamic sector of the Indian economy and is widely acclaimed as engine ofeconomic growth, particularly in the context of Make in India initiative of theGovernment of India.
MSMEsplay a noteworthy role in economic and social development, thereby providingflip to entrepreneurship, as they have inherent characteristics of beinginnovative and responsive to changing market dynamics. Being complementary tolarge industries this sector contributes hugely to the socioeconomicdevelopment of the country. MSMEs not only play a crucial role in providinglarge employment opportunities at comparatively lower capital cost but alsoencourage entrepreneurial activities in rural and backward areas.
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