HuSS: International Journal of Research in Humanities and Social Sciences

Open Access Open Access  Restricted Access Subscription Access

Problems Faced by Micro, Small and Medium Enterprises - A Special Reference to Small Entrepreneurs in Erode District


Affiliations
1 P.G. and Research Department of Economics, Chikkaiah Naicker College, Erode – 638004, India
 

The Micro, Small and Medium Enterprises (MSMEs) are playing a momentous role in the overall economic development of our country where millions of people are unemployed or under-employed. Poverty and unemployment are two burning problems of the country today. The MSMEs play a vital role in the growth of the country. The MSMEs sector contributes significantly to the manufacturing output, employment and exports of the country. The strategy of economic development of any country that formulates programmes for removal of poverty by providing large scale employment, capital formation, effective mobilization of resources, balanced economic growth, expansion of trade and equitable distribution of national income with effective involvement and participation of all its citizens in the accomplishment of the goal, cannot neglect MSMEs Sector. This sector faces so many problems while competing with other large scale industries. If these problems are solved or efforts are taken to foster these challenges, this sector can prove itself as a developing engine. This paper deals with the identification of problems of the MSMEs and the study is empirical in nature based on the survey of 340 MSME units situated and working in the Erode district.


Keywords

Balanced Economic Growth, Capital Formation, Economic Development, Large Scale Employment, National Income, Removal of Poverty, MSMEs.
User
Notifications
Font Size

  • Available from: https://msme.gov.in/sites/default/files/MSME_at_a_GLANCE_EN_0.pdf.

  • Sangita G Patil, Chaudhari PT. Problems of Small Scale Industries in India. International Journal of Engineering and Management Research. 2014 April; 4(2):19-21. ISSN No. 2250-0758.

  • Vasu MS, Jayachandra K. Growth & Development of MSMEs in India: Prospects & Problems. Indian Journal of Applied Research. 2014 May; 4(5). ISSN-2249-555X.

  • Shiraleshatti AS. Prospects and Problems of MSMEs in India - A study. International Journal of in Multidisciplinary and Academic Research (SSIJMAR). July-August; 1(2):17. ISSN 2278-5973.

  • Rajib Lahiri; Problems and Prospects of Micro, Small and Medium enterprises (MSMEs) India in the era of Globalization. Available from: www.rtc.bt/Conference/2012-10…/6.

  • Padmasani Karthika S. A study on Problems and Prospects of Micro, Small and Medium scale Enterprises in textile Exports with special reference to Tirupur and Coimbatore district. IJAMBV. 2013 Oct-Dec; 1(1). ISSN 2348-1382.

  • Nishanth P, Zakkariya KA. Barriers faced by Micro, Small & Medium enterprises in raising finance. Abhinav National Monthly Referred Journal of Research in Commerce and Management. 2014 May; 3(5):39-46. ISSN - 2277-1166.

  • Neeru Garg. Micro Small and Medium enterprises in India: Current Scenario and Challenges. Paripex-Indian Journal of Research. 2014; 3(9):11-13.

  • Suneetha K and Sankaraiah T. Problems of MSMEs and Entrepreneurs in Kadapa District. IOSR Journal of Economics and Finance (IOSRJEF). 2014 Mar-Apr; 3(2): 31-37. Version I.

  • Aruna NH. Problems Faced By Micro, Small and Medium Enterprises - A Special Reference to Small Entrepreneurs in Visakhapatnam. IOSR Journal of Business and Management (IOSR-JBM). 2015 Apr; 17(4):43-9. e-ISSN: 2278-487X, p-ISSN: 2319-7668.

  • Israr Ahmed. Problems and Prospects of Micro, Small and Medium Enterprises in Jammu and Kashmir. EPRA International Journal of Economic and Business Review Research Paper IC Value: 56.46. 2017 May; 5(5).

  • Available from: https://msme.gov.in/sites/default/files/MEME%20ANNUAL%20REPORT%202015-16%20ENG.pdf.


Abstract Views: 671

PDF Views: 491




  • Problems Faced by Micro, Small and Medium Enterprises - A Special Reference to Small Entrepreneurs in Erode District

Abstract Views: 671  |  PDF Views: 491

Authors

V. Usha Rani
P.G. and Research Department of Economics, Chikkaiah Naicker College, Erode – 638004, India

Abstract


The Micro, Small and Medium Enterprises (MSMEs) are playing a momentous role in the overall economic development of our country where millions of people are unemployed or under-employed. Poverty and unemployment are two burning problems of the country today. The MSMEs play a vital role in the growth of the country. The MSMEs sector contributes significantly to the manufacturing output, employment and exports of the country. The strategy of economic development of any country that formulates programmes for removal of poverty by providing large scale employment, capital formation, effective mobilization of resources, balanced economic growth, expansion of trade and equitable distribution of national income with effective involvement and participation of all its citizens in the accomplishment of the goal, cannot neglect MSMEs Sector. This sector faces so many problems while competing with other large scale industries. If these problems are solved or efforts are taken to foster these challenges, this sector can prove itself as a developing engine. This paper deals with the identification of problems of the MSMEs and the study is empirical in nature based on the survey of 340 MSME units situated and working in the Erode district.


Keywords


Balanced Economic Growth, Capital Formation, Economic Development, Large Scale Employment, National Income, Removal of Poverty, MSMEs.

References





DOI: https://doi.org/10.15613/hijrh%2F2018%2Fv5i1%2F177849