Micro, Small, and Medium Enterprises (MSMEs) represent a vital segment of an economy, particularly in developing countries, as they contribute significantly to employment generation, industrial output, exports, and balanced regional development. The classification of MSMEs is generally based on investment in plant and machinery or equipment and, more recently, on turnover. Micro enterprises are the smallest units, typically involving minimal investment and employing a limited workforce, often operating at the local or household level. Small enterprises are relatively larger, with higher investment thresholds and a more organized structure, while medium enterprises represent a transitional category between small firms and large corporations, characterized by greater capital investment, technological adoption, and market reach. MSMEs play a crucial role in fostering entrepreneurship by providing opportunities for individuals to initiate businesses with limited capital. They promote innovation, support local resource utilization, and contribute to inclusive growth by integrating rural and semi-urban economies into the broader industrial framework. Moreover, MSMEs often act as ancillary units to large industries, supplying components and services, thereby strengthening industrial linkages. Despite their importance, small-scale industries face numerous challenges in the current competitive environment shaped by globalization, technological advancement, and changing consumer preferences. One of