Micro, Small and Medium Enterprises (MSME’s) are the important sector for the country’s growth and have contributed immensely to the country’s economy. The growth of Indian MSMEs in the country’s economy is elevated with the favourable contribution from the World Bank. These Enterprises form the backbone of the Indian manufacturing sector and have become engine of economic growth in India. According to the survey report, there are around 42.50 million MSMEs in India. The MSMEs sector has been acknowledging an engine growth of all over the world.  A spark for socio-economic transformation of the country the sector is critical in meeting the national objectives of generating employment, reducing poverty, and discouraging rural urban migration. Several factors constrain the growth and competitiveness of Indian MSMEs. The lack of access to sufficient and timely financing is especially critical in growth of Indian MSMEs. The Indian authorities have taken several steps to retain MSME Financing and Developments, and the World Bank in 2015 has provided support through an MSME Financing and Development Project. Today in considering the development of MSMEs sector, role played by the World bank in cater financing assistance is quite remarkable. The research paper also analysis the present scenario role of the World Bank in overall development of MSMEs across the nation and their aim to estimate possible opportunities and threats in the sector of MSMEs for raising funds through World Bank group which should be review by policy makers for better results.

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Keywords: MSME’s, Economic Growth, Socio-Economic Transformation, Rural Urban Migration.