Problems Of Micro Small And Medium Enterprises In Kerala With Special Reference To Thiruvananthapuram District Research

Abstract

MSMEs, or micro, small, and medium-sized enterprises, are the backbone of a nation's industrialization. Since independence, MSMEs have become a thriving and dynamic part of the Indian economy. Both rural and urban areas have seen its spread. MSMEs not only help big industries grow and create jobs, but they also encourage low-skilled workers to start their own businesses and make the best use of the nation's resources. All of these factors contribute significantly to the elimination of economic backwardness in rural and underdeveloped areas of the country.  MSMEs are a significant employer in many parts of the nation and make significant contributions to local prosperity, which reduces income, wealth, and consumption disparities. Since MSMEs account for about 45% of the country's industrial output, 70% of industrial employment, and 40% of exports, they play a significant role in the Indian economy and have an impact on a number of issues.   This paper aims to investigate the issues MSMEs face and their prospects for the future through a thorough analysis. Researchers have also made an effort to identify the main issues and difficulties that MSMEs in India are facing. The paper also discusses significant government policy initiatives and various programs launched to support the expansion of MSMEs in India.