Analyzing the Role of MSMEs in the Development of Durg District Chhattisgarh

Abstract

This study examines the pivotal role of Micro, Small and Medium Enterprises (MSMEs) in fostering socio-economic development in Durg district, Chhattisgarh. The research employs a mixed-method approach utilizing secondary data analysis, statistical examination of MSME registration patterns, employment generation, and industrial contribution metrics. The investigation reveals that MSMEs serve as critical drivers of economic growth, employment generation, and industrial diversification in Durg district. Key findings indicate substantial growth in MSME registrations through Udyam portal, with significant contribution to local employment and manufacturing output. The study demonstrates that MSMEs in Durg district contribute approximately 35% to the local manufacturing gross value added, while generating employment for over 2.8 lakh individuals across various sectors. The technology center established at Durg has facilitated skill development and entrepreneurship, resulting in enhanced competitiveness. However, challenges persist including access to formal credit, technological upgradation, and market linkages. The research concludes that strategic policy interventions, improved infrastructure, and enhanced financial accessibility can significantly amplify MSME contribution to district development. The study provides comprehensive insights for policymakers and stakeholders to formulate targeted strategies for sustainable MSME growth in Durg district.