Micro small and medium enterprises (MSMEs) in Papum Pare district: Opportunities, issues and challenges

Abstract

Micro, Small and Medium Enterprises constitute the backbone of an economy in maintaining an appreciable growth rate and in generating employment opportunities. This sector has been regarded as engine of economic growth and social development in many developed and developing states of North east region and Papum Pare district of Arunachal Pradesh. Contribution of MSMEs to the Arunachal Pradesh economy in terms of employment generation, containing regional disparities, fostering equitable economic growth and enhancing export potential of the country has been quite phenomenal. Despite some infrastructural deficiencies and challenges like flow of institutional credit and inadequate market linkages, this sector has registered remarkable success with regard to increase in number, quantum of investment, scale of production and overall contribution to national GDP. The study makes an attempt to focus on the huge growth potential and opportunities available in Arunachal Pradesh for development of MSME sector, to identify important issues and challenges.