The small scale industry has been a focus of India?s mixed economy for decades now. With the turnover to Micro, Small and Medium Enterprises (MSME) since 2006, small and medium businesses have re-emerged on the priority list of Indian government?s policy agendas. In my research paper, I have studied the growth and performance of MSMEs in India within the last decade. Despite the challenges of financing such an ambitious project, the prospects of managing our ?Missing Middle? has been more promising, especially under the visionary schemes introduced by the government.