Over the last five decades, the micro, small and medium enterprises (MSME) sector has emerged as a vibrant sector. It plays a vital role in providing ample employment opportunities at a relatively lower cost of capital compared to large industries. For the industrialization of rural and backward areas, regional imbalances are reduced and ensure a more balanced distribution of national income and wealth. Many auxiliary units are merging with MSMEs and thus contributing immensely to the socio-economic development of the country. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get the original essayThe Ministry of Small Industries and the Ministry of Agro-Industry and Rural Industries merged on 9 May 2007 to form the Ministry of Micro, Small and Medium Enterprises (M/o MSME) to facilitate MSMEs in India. The above ministry designs various policies and also promotes different schemes, projects and programs and continuously monitors their implementation in order to help MSMEs and guide them towards their growth. The Office of the Development Commissioner (DC(MSME)), a policy implementation office, has undertaken various schemes and programs to provide infrastructure and support services to MSMEs. These schemes and programs are being implemented with the help of National Small Industries Corporation, Khadi and Village Industries Commission, Coir Board and three training institutes, National Institute for Entrepreneurship and Business Development Small Businesses, National Institute of Micro, Small and Medium Enterprises, Hyderabad, Indian Institute of Entrepreneurship, Guwahati and Mahatma Gandhi Institute of Rural Industrialization. The ministry facilitates various projects or programs undertaken by the ministry and its organizations. Financial institutions/banks provide abundant flow of credit; Modernization and rejuvenation of technology has taken place; Incorporated infrastructure equipment; Official recognition of quality as well as modern testing services; Able to access recent management practices; Entrepreneurship development and skills upgrading through appropriate training structures; It provides various supports for product development, design intrusion and packaging; Focused on the well-being of artisans and workers; Assistance for better access to domestic and foreign markets and actions at the cluster level to promote skill development and empowerment of units collectively. Women entrepreneurs have achieved remarkable success. Several programs for the development of women entrepreneurs have been carried out by the Office of DCs (MSME), various state-owned small industries development corporations (SSIDCs), nationalized banks and even NGOs. Potential women entrepreneurs who may not have adequate training and skills, have focused the needs of the Office of DC (MSME). Various process/product oriented IT systems in areas such as TV repair, circuit boards, leather goods, screen printing, etc. were introduced. Various recognition measures are launched and offer incentives to women entrepreneurs, such as a special award for the “Outstanding Women Entrepreneurs” of the year. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Custom Article Essay Women entrepreneurs face specific issues, which is why the Bureau.