MSME IN ASSAM: CONTRIBUTION TO EMPLOYMENT GENERATION AND CHALLENGES

Purabi Gogoi,
Research scholar (M.Phil.), Department of Economics, Dibrugarh University, Dibrugarh, Assam, India

Abstract
The Micro Small and Medium Enterprises in India are acting as power and spirit of economic growthfrom many decades.The Micro, small and Medium Enterprises (MSME) sector has emerged as a vibrant and dynamic sector of the Indian economy and the sector play a crucial role in providing large employment opportunities at comparatively lower capital cost than large industries. Also, Sometimes MSMEs acts as a complimentary sector with the large scale industries in their production. The main aim of the research article is to evaluate the contribution to the economy for Employment generation as well as the problems faced by the MSMEs.

Keywords: Assam, MSME, Economic Contribution

1.   Introduction

The Micro, Small and Medium Enterprises (MSMEs) play a vital role for the growth of an economy, especially in developing countries like India. The MSME considered as engine of growth. This small scale enterprise has played an extremely essential role in the socio economic development of a country (Chandraiah & Vani, 2014 and Das & Das, 2011). They provide faster and immediate large scale-employment and facilitate effective economic activities as well as mobilize the resources. In India from many decades the MSME played a crucial role in the development of the country. It is estimated that the total contribution to the GDP from the MSME in the Indian economy is 37.54 % and share of MSME manufacturing output in the total manufacturing output is 37.33 % in 2012, according to the MSME Report 2015-16. In India, A Micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs.25 lakh. A Small enterprise is an enterprise where the investment in plant and machinery is more than Rs.25 lakh but does not exceed Rs.5 crore. A Medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crores.

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