An Empirical Study on Micro Small and Medium Scale Enterprises MSMEs in Uttar Pradesh

Abstract

The Micro, Small and Medium Enterprises (MSMEs) assume a fundamental role in the economic and social advancement of the nation, frequently acting as a nursery of entrepreneurship and development. They additionally assume a key role in the advancement of the economy with their compelling, productive, adaptable and creative entrepreneurial spirit. The MSME segment contributes essentially to the nation's manufacturing output, employment, and exports and is credited with creating the most noteworthy employment growth just as representing a significant portion of industrial production and exports. MSMEs have been internationally considered as a foundation of economic development and as key instruments for advancing evenhanded advancement. The MSME division in India is profoundly heterogeneous as far as the size of the enterprises, an assortment of products, services, and levels of technology. The segment not just assumes an incredible role in giving business openings at similarly lower capital expense than large ventures yet additionally helps in the industrialization of provincial and backward areas, decreasing local irregular imbalances and guaranteeing progressively fair appropriation of national income and wealth.