Authors

1. Ms. Rashpal Kaur
2. Ms. Ummed Kumari

Affiliation

• Assistant Professor School of Business Studies & International Trade Shridhar University Pilani
• Research Scholar School of Business Studies & International Trade Shridhar University Pilani

Abstract

The Micro, Small and Medium Enterprises (MSMEs) sector has emerged as a highly vibrant and dynamic sector of the Indian economy since ever. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries. These smaller units help in industrialization of rural and backward areas, and thus, help in reducing regional imbalances, resulting in more equitable distribution of national income and wealth. MSMEs support the large industries as ancillary units and contribute enormously to the socio-economic development of a country.
The Ministry of Micro, Small and Medium Enterprises (MoMSME) promotes the development of micro and small enterprises with the objective of creating self-employment prospects and upgrading the relevant skills of existing and prospective entrepreneurs. MoMSME has been implementing various schemes and programs for the promotion and establishment of new enterprises and thus creation of new entrepreneurs.
Entrepreneurship development is one of the major elements for the promotion of micro and small enterprises, particularly, the first generation entrepreneurs. Entrepreneurship, and the resultant creation of employment and wealth, is a principal means for inclusive development. Hence, entrepreneurship development has been one of the priorities in the countries world over

Keywords

Entrepreneurship, Small and medium enterprises (SMEs) , EDPs

References

1. Strategy Action Plan for 2012-13 to 2016-17 of National Institute of Entrepreneurship and Small Business Development. (http://niesbud.nic.in/docs/Strategy.pdf)
2. “Ministry of Micro, Small & Medium Enterprises, 2007: Micro, Small and Medium Enterprises in India: An Overview”, Ministry of Micro Small and Medium Enterprise, Government of India.
3. Jessica Wade, “Micro, Small and Medium Enterprises Development Act – Background Paper”, Small Enterprise Finance Centre, IFMR.
4. Various Annual reports, National Institute of Entrepreneurship and Small Business Development, Noida.
5. Various Annual Reports, Indian Institute of Entrepreneurship, Guwahati.
6. Various Annual Reports, Ministry of Micro, Small, Medium Enterprises, Government of India.