Micro, Small and Medium Enterprises contribute enormously to the socio-economic development of the country and this is not a hidden fact. MSMEs play a crucial role in providing large employment opportunities at comparatively lower capital cost than large industries. They also help in industrialization of rural & backward areas, thereby, reducing regional imbalances and assuring more equitable distribution of national income and wealth. According to the SME chamber of India, the MSME sector consists of 36 million units which…