The MSMEs is considered as micro enterprise, Small enterprise and medium enterprises engaged in various economic activities such as manufacturing, processing and services. MSMEs classifications are based on their investment amount and annual turnover. MSMEs referred to as the backbone of nation’s economic development. MSMEs contribute significantly to community development, infrastructure enhancement and improved living standards and is a key pillar of Government flagship “Make in India” Initiative and contributes nearly one-third to the India’s GDP
M.M. Báez Martı ́n (2026) studied this question.