A STUDY ON ROLE OF RBI IN DRIVING GROWTH OF MSME’s IN INDIA

MSME sector is considered as the backbone of Indian economy as it Subsidizes towards country's GDP about 8 /100 part, manufacturing output almost 45/100 part and country’s exports just about 40/100 part.It has also contributed in the advancement of progress and development of khadi village and coir industries. Micro small and medium enterprises not only provides employment possibilities but also works towards the evolution of nations backward and rural areas, impartial dispersal of national income, stabilized and  extended growth in India. If we take a look on the growth of MSME’S in India, role played by RBI is quite remarkable. RBI performs a pivotal contribution in the expansion and progress of MSME sector. This paper closely scans the heights of Indian MSME’S. The other part put a glance on the present plot contribution of RBI in overall advancement of MSME’S across the nation.

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Keywords: MSME’S,RBI, Opportunities, RBI Initiatives.


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