Tuesday, 28 October 2025

Unlocking the Potential of MSMEs in Advancing Atmanirbhar Bharat in Jharkhand, India | Chapter 4 | New Advances in Business, Management and Economics Vol. 11

 

Micro, Small, and Medium Enterprises (MSMEs) play a pivotal role in realising the vision of an Atma Nirbhar Bharat. The Atma Nirbhar Bharat initiative, launched by the Government of India, aims to transform the country into a self-reliant economy by enhancing domestic production, reducing dependence on imports, &and promoting local businesses. This study provides insights into the potential of MSMEs in making Atmanirbhar Bharat and offers recommendations for policymakers to support MSMEs' growth. This study also examines the contribution of MSMEs in Jharkhand, a state rich in natural resources but often grappling with socio-economic issues, toward achieving self-reliance. The study explores how MSMEs in the region leverage local resources, generate employment, and promote entrepreneurship while addressing issues such as inadequate infrastructure, lack of access to finance, and limited market reach. The government of Jharkhand has introduced state-specific initiatives to complement central schemes and address local issues faced by MSMEs. The study highlights successful MSME initiatives in Jharkhand that have boosted local industries like handicrafts, mining, agro-based enterprises, and steel production, showcasing their potential to drive economic growth and self-sufficiency. It also delves into the impact of government schemes such as the PMEGP (Prime Minister's Employment Generation Programme) and the MSME Samadhan initiative on empowering these enterprises. Skill development and labour-related issues are also major barriers for MSMEs in Jharkhand. The study emphasises the importance of digitalisation, skill development, and market linkages for strengthening MSMEs in Jharkhand. By analysing the region's unique issues and opportunities, this study aims to provide policy recommendations to further enhance the role of MSMEs in achieving an Atma Nirbhar Bharat, with Jharkhand serving as a model for sustainable and inclusive development. This study explores the challenges in making Atma Nirbhar Bharat. The findings suggest that MSMEs can become the backbone of the Indian Economy.

 

 

Author(s) Details

Khushbu Kumari
Ranchi University, Shahid Chowk, Ranchi - 834001, Jharkhand, India.

 

Please see the book here :- https://doi.org/10.9734/bpi/nabme/v11/6481

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