A Case Study on MSME Schemes and Its Effectiveness from Bank Perspective

Abstract

In India, many programmes didn’t reach the target small and medium enterprises (SMEs), as they lack the enthusiasm to innovate their product and services. A lot of officials and managers feel the waste of time and money for getting the scheme passed by the government. Various other factors such as bureaucratic apathy, corruption, red-tapism, inefficiency and lackluster attitude of government officials create hindrances in SMEs growth. A slew of schemes and sops for SMEs offered by the government, a majority didn’t utilize them due to lack of awareness and education about the schemes. The study made use of secondary data from different authenticated sources to draw meaningful conclusions. The effectiveness of schemes is scarcely been invented. Despite the above glitches, the SME sector’s growth is so obvious.