Problems of Micro Manufacturing Entrepreneurs in Chittoor District

Dr. P. Sankarappa, Dr. P. Siva Kumar, Prof. B. Bhagavan Reddy

Volume 15 Issue 10

Global Journal of Management and Business

In present scenario of business, the Micro, Small and Medium Enterprises (MSMEs) have been accepted as the engine of growth for promoting equitable development. The MSME sector in India is highlyheterogeneousintermsofthesizeoftheenterprises,varietyofproducts,servicesandlevelsof technology. The sector not only plays a critical role in providing employment opportunities at comparatively lowercapitalcostthanlargeindustriesbutalsohelpsinindustrializationofruralandbackwardareas, reducingregionalimbalancesandassuringmoreequitabledistributionofnationalincomeandwealth. The MSMEscontributenearly22 percent of the country’s GDP, 45 percent of themanufacturingoutputand40percentoftheexports. Despite a vital role MSMEs play in the Indian economy, their development hampered by a number of problems and constrains. Therefore, an attempt is made in this article to analyse the problems confronted by micro manufacturing entrepreneurs in the Chittoor district, Andhra Pradesh.