ROLE OF SMES IN THE STATE ECONOMY

Business Standard Smart Business

Micro, Small & Medium enterprises (MSMEs) are the pillars of economic growth in many developed, and developing countries in the world.
 

Termed as “the engine of growth” for India, MSME has played a prominent role in the development of the country in terms of creating employment opportunities and contribution to country's Gross Domestic Product (GDP).
 

"The development of a country and state depends on the industrialization. And the industrialization is not possible through heavy industries. MSMEs are the solution for myriad of problems of the state and the country", said PrafullaSamal , minister of MSME department at a seminar of