Socio-Economic Exploration of Micro Enterprises: A Case Study of A Puffed Rice Mill (Vol. 1, Issue 1)
Socio-Economic Exploration of Micro Enterprises: A Case Study of A Puffed Rice Mill Introduction Micro, Small, and Medium Enterprises (MSMEs) are considered as economic building blocks for inclusive and sustainable economic growth, particularly in developing nations. The World Bank and the International Finance Corporation (IFC) have consistently pointed on the instrumental role of MSMEs in livelihood creation, income generation, innovation, and industrial decentralization. In India, MSMEs contribute to nearly 30% of the gross domestic product (GDP), over 48% of the country’s exports, and provide employment to over 110 million individuals across rural and urban regions. (Shekhar & Rai, 2025) According to data from the Ministry of Micro, Small & Medium Enterprises (MSME, 2024), the number of MSMEs registered on the Udyam portal, including those on the Udyam Assist Platform, reached a total of 40,042,875 by March 2024. Among these, micro-enterprises accounte...