Journal of Rural and Industrial Development

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Suitable Mechanism for Revival of Sick MSMEs


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1 The Crescents College of Business Management, Warangal, Telangana, India
     

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In pursuit to create a vibrant MSME sector, Ministry of MSME, Government of India has taken multi-pronged strategy. The focus is not only on the issues related to starting and growth of MSMEs but ensuring that they sustain their business. However, due to various reasons, MSMEs are prone to sickness. There has been an increase in MSME sickness. There have been internal causes relating to planning, implementation & production and external causes like infrastructural bottlenecks, finance constraints, marketing constraints, and other extraneous factors. Industrial sickness affects not only the owners, employees and creditors but also causes wastage of national resources and social unrest. There have been a few attempts to address this issue. However, the need to devise more robust mechanism for dealing with sick MSME units was felt so as to make suitable arrangements for detecting symptoms of industrial sickness at an early stage and take corrective actions to prevent sickness.

Keywords

MSMEs, Industrial Sickness, Mechanism.
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  • Suitable Mechanism for Revival of Sick MSMEs

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Authors

Sadiqua Tabassum
The Crescents College of Business Management, Warangal, Telangana, India
Mohd Fasi
The Crescents College of Business Management, Warangal, Telangana, India

Abstract


In pursuit to create a vibrant MSME sector, Ministry of MSME, Government of India has taken multi-pronged strategy. The focus is not only on the issues related to starting and growth of MSMEs but ensuring that they sustain their business. However, due to various reasons, MSMEs are prone to sickness. There has been an increase in MSME sickness. There have been internal causes relating to planning, implementation & production and external causes like infrastructural bottlenecks, finance constraints, marketing constraints, and other extraneous factors. Industrial sickness affects not only the owners, employees and creditors but also causes wastage of national resources and social unrest. There have been a few attempts to address this issue. However, the need to devise more robust mechanism for dealing with sick MSME units was felt so as to make suitable arrangements for detecting symptoms of industrial sickness at an early stage and take corrective actions to prevent sickness.

Keywords


MSMEs, Industrial Sickness, Mechanism.

References