DEVELOPMENT OF SMALL AND MEDIUM SCALE ENTERPRISE IN INDIA: GROWTH AND ENTREPRENEURSHIP

Although the Government of India has taken necessary steps for the development of small and medium enterprises, but these measures are insufficient. Therefore, the research on “Development of Small and Medium Scale Enterprise in India: growth and entrepreneurship” aimed to find out the measures or programs aided by Government of India for the growth and development of small and medium enterprise sector, and to find out the factors that has slowed down the growth of small and medium enterprise sector in India. The research is a qualitative study where the data was collected using secondary sources. The research concluded that despite of many schemes, the small and medium enterprise sector still faces many issues that have slowed down its growth and development. These different issues include proper infrastructure, finance availability, lack of skilled manpower, poor organized marketing, irregular and inadequate supply of raw material, lack of proper equipment and machinery, competition from imported articles and large-scale units and managerial inadequacies. The research recommends that Government of India or the relevant authorities must address these issues for the growth and development of this sector.