Published Paper Details:

MSMEs greatly influence the industrial and economic development of Karnataka. MSMEs manufacture and process products and provide services. They help in socioeconomic advancement also. With the benefit of minimal investments and the potential for significant employment generation, they account for a sizable portion of industrial units and significantly contribute to GDP. According to the state economic survey report 2022-23, Karnataka has 7.38 lakh micro, small, and medium-sized businesses registered on the Government of India Udyam web Portal. There are 2,426 medium industries, 27,355 small industries, and 7, 08,929 micro industries. The MSMEs sector has employed 68.72 lakh people. MSMEs are the driving force behind Karnataka's industrial development since they lay the path for eliminating regional imbalances and addressing the employment issue. The Government addresses the issues and problems impeding performance by implementing various policy initiatives and solutions. The current study analyses MSMEs' development, growth, and effectiveness in Karnataka. The number of units registered, employment, and investments2010-11 to 2019-20 are the metrics used to gauge the growth. The study explores the Government's institutional assistance and policy measures. The secondary sources of data are gathered from the Directorate of Industries and Commerce, Government of Karnataka, as well as from several websites.