A Study on Growth and Contribution in Micro, Small & Medium Enterprises with special reference to Chennai District

Micro Small and Medium Enterprises (MSME) form the backbone of the Indian manufacturing sector and have become an engine of economic growth in India. This paper carefully analyses the growth and development of the Indian mall scale sector from the opening of the economy in the last few years. Another part looks into the present scenario of MSMEs and the problems they phases like lending, marketing, license issues in detail. The Micro, Small, and Medium Enterprises Act, 2006 is intended to boost the sector. The final part of this paper provides some future policy framework for the sustainability of the industry and analysis the facts on MSMEs.