Micro Small and Medium Enterprises Development Organization and Small Enterprises A Study of Hyderabad Karnataka Region in Karnataka State

Abstract

The Micro, small and medium enterprises (MSMEs) is one of the most vital sectors of any developing economy in general and India in particular in promoting equitable, inclusive and employment friendly economic growth.Small industries in processing and service sector in HK region could generate a growth potentisl. The Micro, Small and Medium Enterprises Development Organization have been promoting the small enterprises in the region. The organization has provided the integrated assistance to the small enterprises, i.e., financial assistance, marketing, raw-material and various training programmes to promote entrepreneurs in the region. This assistance given by the organization is appreciable as evident from the good performance of small enterprises in the region during the year of 2008-09 to 2012-13. But at the same time there are failures also as many units have closed down due to losses. However, the strengthening of this organization may help to sustain viable growth of these enterprises in the region. In the context of globalsation, decentralized production processes are assuming importance. Therefore, if this potential is tapped in processing and service sector in this region, it may promote faster and inclusive growth. newline