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Institutional Finance to MSMEs-with Reference to Chittoor District (Paperback)
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Institutional Finance to MSMEs-with Reference to Chittoor District (Paperback)
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Micro, Small and Medium Enterprises (MSMEs) play very significant
role in almost all countries of the world irrespective of their
development stage. Developed countries like Japan, China, Malaysia,
Taiwan, the United States of America and the United Kingdom have
developed through the MSMEs many aspects of business such as
employment generation, export, tax, income, innovation,
competitiveness. The recent wave of Globalization has influenced
overall business of the world. The MSMEs have prospered better
under this wave of Globalization. Particularly in India, they have
made a significant impact on income distribution, social stability,
domestic resources utilization technique, structural and regional
development, exports, employment and creation of a broad
entrepreneurial base. Hence, the MSMEs' are rightly regarded as the
backbone of modern Indian economy. With the advent of planned
economy in 1951, and the subsequent industrial policy of the
Government of India, both planners and the Government have
earmarked for small and medium industries a special role in the
economy.
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