MSME Sector : Challenges and Potential Growth Strategies

The paper reviews the current scenario of MSME sector. MSME is an important contributor in economic growth of the country. The MSME have the potential to accelerate economic growth as they promote entrepreneurship and provides employment opportunities besides contributing in the export earnings and inclusive growth. The MSME have been neglected in the policy framework of the government. The sector is facing lot of challenges in the domestic front besides competition at global level. The paper evaluates the challenges and provides the recommendations for strengthening the MSME sector