Vol. 8, Issue 12, Part C (2022)

The Indian economy's Micro, Small, and Medium Enterprises (MSMEs) sector has become one of its most thriving and active segments. The MSMED Act of 2006 gave the government the authority to create a national board for Micro, Small, and Medium Enterprises. Entrepreneurs are key players in a nation's economic development and are connected to that nation's overall industrial development. The information from the MSMEs entrepreneurs was gathered using a convenient sampling technique. Both primary and secondary data were incorporated into this investigation. With the aid of a carefully constructed questionnaire, the primary data was put together from fieldwork. For the study, secondary data was compiled from a variety of journals, books, yearly reports from the ministry of MSMEs and the Indian government, websites, etc. The goal of the research was to better understand the challenges faced by MSMEs entrepreneurs. The state of Haryana provided data with a sample of 360 respondents. Percentage, Compound Annual Growth Rate, Overall Growth Rate and charts has been used to analyse the data.