Volume : V, Issue : VIII, August - 2016

CHALLENGES OF MSMES AND RECOMMENDATIONS OF 12TH FIVE YEAR PLAN (2012-17)

D. Vennila

Abstract :

 A significant feature of the Indian economy since independence is the rapid growth of Micro and small enterprises (MSEs) sector, the then Small Scale Industries (SSIs) sector. Micro, Small and Medium Enterprises sector (MSMEs) has emerged as a highly viant and dynamic sector of the Indian economy over the last few decades and it is also recognized as the real engine of growth for the Indian Economy (Udaykumar Varma, 2011). The sector is highlighted as a eeding ground for entrepreneurship at the grass the root level and continues to show dynamism in terms of employment generation, contribution to GDP and export earnings (Shyam Agarwal, Virbhadra Singh, 2011). This sector contributes about 45 per cent of manufacturing output and 40 per cent of total exports of the country and employs about 69 million persons in over 29 million units throughout the country. MSME sector have been accorded significant place in Five year plans by Government of India. This paper presents the challenges of MSME sector and the recommendations of Twelfth Five Year Plan of India.

Keywords :

Article: Download PDF    DOI : https://www.doi.org/10.36106/gjra  

Cite This Article:

D.Vennila CHALLENGES OF MSMES AND RECOMMENDATIONS OF 12TH FIVE YEAR PLAN (2012-17) Global Journal For Research Analysis,Volume-5, Issue-8, August‾2016

Number of Downloads : 520

References :