MSMEs are contributing considerably to the GDP of India and growing fast in terms of number of enterprises, products, employees, and exports. The present government is supporting them from all sides and in all possible ways. The present paper is an attempt to understand the present growth and development of MSMEs in one of the fast growing states of India, i.e., Karnataka. By understanding the present position of these enterprises, the policy makers can gauge the requirements of this sector in the coming days.