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Impact of public sector banks assistance to MSME: a case study with reference to MSME and their performance

The presented research study maks an critical analysis on the assistance of Public Sector banks to MSMEs and its effect on their performance. The research concludes that efficient management and enhancement of MSMEs will boost the employment and enhance the country’s GDP. | Impact of public sector banks assistance to MSME a case study with reference to MSME and their performance International Journal of Management IJM Volume 11 Issue 2 February 2020 pp. 1 13 Article ID IJM_11_02_001 Available online at http www.iaeme.com ijm issues.asp JType IJM amp VType 11 amp IType 2 Journal Impact Factor 2020 10.1471 Calculated by GISI www.jifactor.com ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication Scopus Indexed IMPACT OF PUBLIC SECTOR BANKS ASSISTANCE TO MSME A CASE STUDY WITH REFERENCE TO MSMEs AND THEIR PERFORMANCE Krishnaswamy Ramaswamy Research Scholar RTM Nagpur University Nagpur India Rajesh Vaidya Assistant Professor Department of Management Technology Shree Ramdeobaba College of Engineering and Management RamdeoTekdi Katol Road Nagpur India Mangipudi Mruthyanjaya Rao and KDV Prasad RTM Nagpur University Amaravati Road Nagpur Maharashtra India ABSTRACT The Gross Domestic Product of a country indicates the prosperity and wealth of a country. In the recent past India has become one of the fastest growing countries and completing with the most advanced and developed countries in several areas. The Micro Small and Medium Enterprises are small enterprises carry out the manufacture and allied activities will also contribute significantly to GDP including one-third of India s manufacturing output. In India 12 crores were employed through MSMEs and contribute to 45 of overall exports Most the developed countries contribution to GDP is more than 50 and Centre for Economics and Business Research 2018 reported that Indian would overtake both France and UK GDP by 2032. To achieve the countries ambition of 5 Trillion economy there is an urgent need to strengthen the MSME in India. Therefore the presented research study maks an critical analysis on the assistance of Public Sector banks to MSMEs and its effect on their performance. The research concludes that efficient management and enhancement of MSMEs will boost the employment and