Development and Promotion of Entrepreneurship in MSMEs

Vol-3 | Issue-09 | September 2018 | Published Online: 07 September 2018    PDF ( 167 KB )
Author(s)
Ms. Rachna 1; Mr. Hawa Singh 2

1Assistant Professor, MR DAV College of Education, Rohtak (India)

2Assistant Professor, JB Knowledge Park, Faridabad, Haryana (India)

Abstract

Micro, Small and Medium Enterprises play a very important role in economic development and growth of a country. The present study is based on entrepreneurship development in the Micro, Small and Medium Enterprise (MSME) sector in India. In the beginning an overview of this sector will be presented which will highlight the significance of this sector. There has been major policy changes aimed to consolidate and develop this sector as adopted by the government. The MSME Development Act of 2006 is perhaps the most crucial of these recent policy changes. Some key legal and regulatory interventions that promote the MSME sector will be discussed.

Keywords
Micro, Small and Medium, Enterprises
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