A Study on the Growth, Performance and Challenges of Micro, Small and Medium Enterprises (MSMEs) in Tumakuru District of Karnataka

Abstract

Micro, Small and Medium Enterprises (MSMEs) constitute an important component of regional economic development by generating employment, promoting entrepreneurship and supporting industrial and commercial activities. Tumakuru district of Karnataka has emerged as an important industrial and MSME centre, supported by its agricultural base, industrial infrastructure, connectivity and proximity to Bangalore. The present study examines the growth, performance and major challenges faced by MSMEs in Tumakuru district.The study is based mainly on secondary data obtained from government reports, NABARD publications, Census publications, district statistical reports and other official sources. The study examines the contribution of MSMEs to employment and investment and identifies major constraints relating to finance, technology, marketing, skilled labour and infrastructure. The study also suggests measures for improving the competitiveness and sustainability of MSMEs in the district