Problems Affecting the Growth of Small and Medium Enterprises (SMEs) in Chittoor District of Rayalaseema Region, Andhra Pradesh

Abstract

The Micro, Small and Medium Enterprise (MSME) sector has been accorded much priority for generating more employment opportunities and thereby increasing the income for bringing in development of the economy. It contributes significantly to manufacturing output, employment and exports of the country. It is estimated that in terms of the value, the sector accounts for about 45 percent of the domestic manufacturing output and nearly 50 percent of the total exports of our country. The sector is estimated to employ about 69 million people in over 26 million units throughout the country and 45 percent of industrial employment. There are more than 6000 products ranging from traditional to high tech products which are being manufactured by MSMEs. Even though the government provides various schemes to fostering and sustaining in terms of commercial, financial, technical and marketing of the small firms, they are facing the problems. The present endeavor is an attempt to study the Small and Medium Enterprises and their problems. These units are playing a key role in the grass root economy in the study region. Both primary data and secondary data have been compiled from the different sources. Different statistical methods have been employed for analysis.

Keywords: Employment, Exports, Income Generation, Problems

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