International Journal of Academic Research and Development

International Journal of Academic Research and Development


International Journal of Academic Research and Development
International Journal of Academic Research and Development
Vol. 5, Issue 3 (2020)

A critical study on micro, small and medium enterprises: A case study of Prakasam district in Andhra Pradesh


M Anuradha, Bharathi

The Micro, Small & Medium enterprises (MSMEs) is one of the most vital sectors of any economy in general and India in particular in ensuring equitable, inclusive & employment friendly economic growth. This sector also plays very important role in socio–economic development of Indian economy on account of their inherent advantages like low capital requirement, high employment generation and decentralization of industrial activity, utilization of locally available resources and widening of entrepreneurial base. The MSMEs have an important positive role in the developing economy of India. Hence, “many units of this sector remain at a vulnerable stage soon after their birth or promotion”. Physical infrastructure like uninterrupted supply of power at cheaper rates, and the availability of raw materials are the prime concern for manufacturing or the industrial segment of the MSME sector. The study has great significance in the absence of similar study pertaining to the Prakasam district of Andhra Pradesh. This study is relevant particularly when the government is very keen on the promotion and development of this capital- sparing and labor-intensive sector. Hence, the importance of the present study is emphasized in the light of different problems that hamper the smooth functioning of the small-scale sector. The study forms a basis for future research as it addresses various issues like production, managerial, marketing and financial problems separately. Thus, the study has got great relevance and significance in the present context of small and tiny sectors of Indian economy.
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