ShodhPatra: International Journal of Science and Humanities

MSMEs in the Context of Atmanirbhar Bharat: An Examination

The Micro, Small and Medium enterprises (MSMEs) are the backbone of Indian economy and it’s creating noticeable growth rate and generating job possibilities. In many developed and emerging countries, this sector plays a significant role in the economic and social development of the country by promoting entrepreneurship and creating large employment opportunities. The Indian MSMEs sector is crucial to the country’s ambitious goal of becoming self-reliant. However, three key components that are essential for the success of MSMEs are, financial stability, availability of skilled manpower and market competitiveness of their products to achieve import substitution as well as export promotion. In order to achieve the goal of ‘Atmanirbhar Bharat’ or a self-reliant India, it is necessary to strengthen the domestic industries and their standing on a global stage. In this backdrop, the present study analyses the role of MSMEs in achieving the goal of gender equality within the framework of Atmanirbhar Bharat. Utilizing a descriptive methodology, the research is purely based on the secondary data sources which are obtained from academic papers, government publications, and MSMEs Annual Reports, alongside insights from books and various internet sites. The results highlight the MSME sector's significant role in generating employment, particularly in rural and semi-urban areas. However, the sector faces challenges like complicated rules, inadequate infrastructure, and limited financial access. The paper concludes by suggesting measures to strengthen the MSME sector, including easier access to credit, infrastructure enhancement, regulatory simplification, and the promotion of skill development programs. Keywords: MSME, Atmanirbhar Bharat, Entrepreneurship, Employment, Skill Development JEL Classification: C40, J16, J21, L52, L60