Abstract:
Development of Micro, Small and Medium Enterprise (MSME) sector is the most apt
means of encashing the demographic dividend of India in promoting economic growth,
employment generation and inclusive growth. In this endeavour, the Indian government
periodically brings out appropriate support measures in the form of policies and programmes.
Though many studies have been undertaken by various stakeholders in the past on myriad
issues such as credit, marketing, skill development, sickness, export, technology infusion
related to MSME sector, the appropriateness and objectives of policies and schemes has not
been addressed. This paper attempts to examine the utility of schemes from an enterprise life
cycle perspective and to identify any impending interventions needed at any particular stage
of an enterprise lifecycle model. It argues that available support measures are insufficient to
address the needs of exit stages and also suggests further interventions required for the holistic
development of this sector.
