PAPER ID:IJIM/V.7(VII)/10-15/3

AUTHOR: Amit pal and Soumitra Sharma

TITLE : A REVIEW OF GOVERNMENT PROGRAMMES FOR THE MSME SECTOR AND THEIR IMPACT TO INDIA’S DEVELOPMENT

ABSTRACT: The main objective of the paper is to analyse the government initiatives available to the MSME sector and to determine how to aid in the growth of our nation. The purpose of this investigation is to learn about the various challenges faced by MSME in India, to understand the government’s programme for the MSME sector, and to determine how MSME and start-up businesses contribute to the growth of our nation. This report illustrates the contribution that MSME sectors and government policies are making to the developed world. MSMEs in India make up around 8% of the GDP of the nation and are responsible for about 40% of all exports as well as an estimated 45% of manufacturing output. Accordingly, the main advantages are that they increase business potential while requiring less initial investment. As a result, government policies act as a support system for the MSME sector, which significantly contributes to the growth of our country and creates new job opportunities.

KEYWORDS: MSME sector, government initiatives, policies, GDP.

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