A Study on Micro, Small & Medium Enterprises in Tamil Nadu: Growth, Contribution and Problems with Special Reference to Chennai and Thiruvallur Districts

Abstract

Micro, Small & Medium Enterprises (MSME) development has been one of the main planks of India’s financial development approach considering the fact that independence. In most of the developed nations, the function played by MSME is enormous. Many Nations, each evolved and growing countries projected that the small enterprise quarter is carrier ache for the boom and for advent of new employment opportunities broadly in a short duration. Employment is the exceptional way to lessen poverty within the united states traditional characteristic and vintage strategies is out dated. The final results isn't enough to satisfy the primary elements of the people, as it add advantageous outcomes to the India’s gross home products. MSME performs a prime function in Indian monetary shape. Its improvement is plenty higher than different growing international locations with the development of small business sector. It has coined many polices geared toward the development of the industries in public and private domain, specially in MSME. MSME plays a pivotal function in deliberate development in India all through the past 10 years with its benefits of low investment, the immoderate potential for employment generations, type of the industrial base, and scattering industries to rural or semi-urban areas. It has slowed to the general development inside the finances of GDP, employment generation, and specialists. The execution of the MSME zone has an immediate effect on the improvement of the normal economy.