MSMEs CHALLENGES AND OPPORTUNITIES: THE KEY TO INDUSTRIAL DEVELOPMENT IN RAJASTHAN

Micro, Small and Medium Enterprises plays a significant role in Indian economy for economic, social development and rural industrialisation in the country. MSME develop pivotal role in Indian economy with balanced, effective, efficient and flexible development for solving challenges in India. It plays key role in entrepreneurs through developing innovative entrepreneurial spirit. This sector enhances State GDP and employing more than 37% people; creating thousands of jobs every year with low level investment. Across the State MSMEs develops industrial production, export, providing employment opportunities to millions of people, especially to the village artisans and rural people, but also remove the problems of economic concentration. In Rajasthan, this sector develops sound economy by   identifying entrepreneurial talents, skills, etc. The labor intensity in the MSME sector is estimated to be considerably higher than the large enterprises in Rajasthan. There is potential of MSMEs in Rajasthan to become sustained growth drivers of the economy. Thus, Central and the State Governments initiate many schemes and programmes to promote industrial development in State.

KEYWORDS: Micro, Small and Medium Enterprises, Rural Industrialisation, MSME Sector.


DOI:

Article DOI:

DOI URL:


Download Full Paper:

Download