Role of MSME in India's Development Shukla Aishwarya*, Meena Manisha*, Asthana Neha*, Vartika*, Mr. Pareek Abhishek** * Final Year Students of B. Com, Banasthali University ** Associate Professor, Banasthali University SBBJ Chair-Centre for Research in MSME & Promotion of Entrepreneurship in Women Online published on 27 February, 2017. Abstract MSMEs, micro, Small and Medium Enterprises play an essential role in the development of our Indian economy. MSMEs are the backbone of Indian economy and acts as a engine for growth of economy. In Indian economy, MSME gained an important position by making important contribution in terms of output, exports and employment. From the beginning India has given major priority to the MSME sector and seeks to support through policies which make these enterprises feasible & dynamic. The MSMEs sector are becoming a vast sector in providing employment after agriculture, sector. A significant role is being performed by the MSME sector in development of India which is closely analyzed by us. In the developing economies including India the MSMEs are sometimes termed as ‘engine of growth’. MSMEs are proved to be the second largest manpower employer after agriculture and also occupy a position of eminence in Indian. MSMEs are also providing instant large-scale employment, with low investments. Problem MSMEs play a vital role in development of Indian Economy, even after that these enterprises are neglected & are facing problems of proper financing from Banks. Objectives To know the importance of MSMEs in development of Indian Economy. Sub-Objective To know the limitations of bank in financing the MSME's. Methodology Different forms of data are used for the analysis in this research such as primary data and secondary data. Our survey is done in the boundaries of Banasthali University Campus. We have also done the conceptual and descriptive analysis which leads to our completion of research. The primary data is collected from the banks present in the Banasthali University campus itself. Achievements In this study we achieved our target which is to know the “Role of MSME in development of India”. As we know that our MSME sector is dependent on government for funds which is provided with the help of banks. We have observed the awareness among the bankers regarding MSME's. Top |