Anusha Agarwal & Charu Chaudhry
The MSME sector in its vision had undergone a healthy growth by setting up the new enterprises and developing the existing ones.Theoretical discussions and information related to various government schemes are visible in research studies but analysis related to various schemes and their contribution to GDP with reference to GVA is not properly researched. This study is an attempt to bring forth the correlation of various schemes with Gross Value Added by MSME to GDP of economy. Analysis has been conducted to understand whether government schemes and initiatives are really strengthening MSME performance for the last few years or not. Main objective is to investigate the key performance of MSMEs in present scenario and progress of PMEGP during XI(2008-09 to 2011-12) & XII Plan (2012-13 to 2015-16) and performance of 'Credit Guarantee Scheme for Micro and Small Enterprises' from 2012 to 2017. The data are collected mostly from secondary sources by way of access to various Government policies/ programs including published Annual Reports, Journals, Books and available official websites. There is a correlation between the subsidy released and subsidy utilized in MSME Sector i.e. the whole subsidy which is allocated by the Government of India is fully utilized in different projects which will lead to Gross Value Added of MSME sector. This GVA of MSME sector is directly connected with GDP of the country which will lead to growth and economic development. The goal herein, is to help practitioners achieve better performance.
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