The Role of the MSME Sector; Its Implicit Growth and Contribution to Entrepreneurship and Employment Generation in Dimapur, Nagaland

Abstract

MSMEs are important to the economy and have been shown to be particularly effective in eliminating poverty in the lowest-income regions as well as regional imbalances. This study’s primary goal is to evaluate the effectiveness and contribution of Micro, Small, and Medium-Sized Enterprises (MSMEs), which foster entrepreneurship and create jobs for a variety of people, thus boosting the economy’s growth on both a regional and national level. Through comprehensive analysis and empirical investigation, the study aims to uncover the implicit growth trajectories of the MSME sector and its significant contributions to entrepreneurial endeavours and the creation of sustainable employment avenues. By shedding light on these vital aspects, the research seeks to provide valuable insights for policymakers, stakeholders, and practitioners aimed at fostering economic development and fostering a conducive environment for MSME growth in the region. However, the total number of beneficiaries during the designated time frame is 443. The status of employment generation under the MSMEs is seen to be increasing at a rapid rate from 3301 in F.Y. 2020 -2021 to 14117 in F.Y. 2023 – 2024.