The study deals with identifying the different schemes offered under MSME by Govt. of India, and amount of financial support provided and performance is studied over the period of 5 years. Despite constituting more than 80 % of the total number of industrial enterprises and supporting industrial development in the country, MSMEs in India suffer from the problems of financial support from the Govt, which has resulted in overall MSME growth of just 10 to 15 percent over the last 5 years. There is a need for more allocation of funds for MSME development which can increase in employment generational especially at village level and can accelerate overall GDP growth.