An Analytical Study on Growth of MSMEs in Davangere (KEY IJP************785)

• Dr.shivaraj K N,Dr.parameshwara Naik

Abstract

Micro, Small, and Medium Enterprises (MSMEs) are essential to the socio-economic development of the nation. They address the pressing issue of unemployment by generating job opportunities and fostering self-employment among individuals. The government actively supports the youth through various schemes, assistance programs, and benefits. MSMEs also play a crucial role in mitigating challenges such as regional disparities and the equitable distribution of wealth. Their impact on enhancing the Gross Domestic Product (GDP), a key indicator of economic progress, is substantial, contributing approximately 8% to the national GDP. This paper aims to explore the opportunities and challenges faced by MSMEs in their pursuit of growth. Additionally, these enterprises must navigate obstacles such as financial constraints and prioritize education and awareness to facilitate their desired advancement.