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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