Measure of Utilisation of Government Schemes & Support by Small and Medium Enterprises (SME): Service Providers Perspective

Abstract

The small and medium enterprises (SME) play a vital role in improving the Indian economy. The central and various state governments announce various schemes directly and indirectly for the SMEs.Other SMEs are supported by Government service providers such as Ministry of Micro, Small, and Medium Enterprises (MSME), Small Industries development Corporation (SIDCO), and non-government service providers like Confederation of Indian Industry (CII) etc. Despite several support and facilities, the SMEs are still struggling to run the company. In this regard, authors have decided to study the effectiveness of utilization of various schemes by the SME in the service provider’s perspective. The schemes described in this paper lay emphasis exclusively on the manufacturing sector. Interviews were conducted with officials from different service providers and several flaws were detected in the implementation of these schemes, especially on the schemes reaching the industries. The analysis carried out in the research gives us several findings which elucidate the reason behind the flaws detected. The results of the article will also provide solutions to few critical research questions and provide recommendations which would further enhance the motive behind the schemes being established and reach the industries especially the small and medium-scale ones which would further stabilize the Indian economy.