Role of Micro, Small and Medium Enterprises in Regional Development

Abstract

Role of Micro Small and Medium Scaled industries day is celebrated in every year 2th June for recognise the efficiency of the and production and contribution of these industries in the implementation of the sustainable development. Micro small and medium scale industries as accepted as the engine of economic growth and promoting overall development of small scale industries. The Micro, Small and Medium Enterprises (MSMEs) have a crucial role to play in the regional development. They provide employment, add value to local resources and provide products and services to the rural consumers. MSMEs also increase purchasing power and standard of living. There is a need social entrepreneurship, rural entrepreneurship and women entrepreneurship for the development of backward region. These approaches of entrepreneurship are quite relevant for the development of backward talukas of Hyderabad-Karnataka Region. This paper aims to bring out the importance of MSMEs in the development of backward talukas of Hyderabad-Karnataka Region.