Micro, Small and Medium Enterprise is growing fastest among all other manufacturing sector and contributes greatly to the national economic growth in terms of GDP that is still in its infancy, post globalisation. Although many studies have been conducted to study its growth and potential with respect to India’s economic model, research studying its effects and contributions to the national economy through rural transcendence has been scarce. This study makes an attempt to study the current growth scenario of the MSME’s in India as well as to evaluate the effects it has on rural areas of India that further propels the rate at which it is growing through skill acquisition, entrepreneurial development and an increasing diverse workforce.