Asian Journal of Economics, Business and Accounting

The MSME (Micro, Small, and Medium Enterprises) sector is a vital pillar of the "Atmanirbhar Bharat" (self-reliant India) effort, which aims to increase economic self-sufficiency and decrease reliance on imports. In order to make India economically resilient and a global manufacturing hub, the initiative supports MSMEs through policy reforms, financial packages like collateral-free loans, and a greater emphasis on infrastructure and technology to promote domestic production, import substitution, and employment generation. The Economy, Infrastructure, System, Vibrant Demography, and Demand are the five pillars of Atmanirbhar Bharat. These pillars serve as the cornerstone for India's goal of economic growth, contemporary infrastructure, effective systems, utilization of its youthful population, and harnessing domestic demand. The MSME sector has a favourable and thriving effect on India’s GDP. Although, researchers, academics, policymakers, and financial organizations can all benefit from the study.