The Empirical Study on Make in India initiative under Opportunities and Challenges towards MSMEs Sector

Abstract

This paper mainly investigates the socio-economic background of the MSMEs owners and managers in MSMEs and examine the current Make in India initiative schemes and Opportunities in MSMEs Sector and also assess the major challenges faced by the MSMEs Sector in Mysore District. This study mainly collected from primary sources of data from sected 100 MSMEs owners in Mysore District Industrial areas. Lastly this study results that MSMEs owners opinioned that they get more benefit from Make in India scheme of credit and financial assistance to MSMEs and scheme for technology up gradation and competitiveness, these are the major schemes adopted for boost the MSMEs sector and in the other context MSMEs owners or respondents are opinioned that they financial challenges and lack of Technological knowledge, currently these are the major challenges faced by the MSMEs sector in Mysore District. Lastly this study suggested that focus on the implementation of good governance and also government takes remedial measures in form of Make in India schmes introduces to remove effectively the major barriers or various challenges of MSMEs Sector in underdeveloped states such as, Mysore District and Karnataka State.