A Conceptual Study on Policy Framework for MSME's Development in India
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Abstract
In India the role of micro, small and medium enterprises (MSMEs) in the economic and social development of the country is well established. MSMEs contribution towards GDP was 22% in year 2011-2012, and rose to 37.54%. In year 2012-2013 showing a consistency of 11% growth rate every year. The major advantage of these ctorisits employment generation at low capital cost. Its total employment in the MSME sector is 805.24 lakh in 2012-2013(Press Information bureau, GOI, Ministry of MSME, July 2014). This paper throws light on the policy framework for MSME's development in India. Also where the Indian MSME's should concentrate to get recognized in the global era?
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How to Cite
Sharda, P., Panga, M. D., & Awasthi, P. (2016). A Conceptual Study on Policy Framework for MSME’s Development in India. The International Journal of Business & Management, 4(2). Retrieved from http://www.internationaljournalcorner.com/index.php/theijbm/article/view/126197