Though a critical component of India's growth engine, MSMEs grapple with multitude of challenges. Discuss. Also, suggest measures to support the growth of the MSME sector.

MSMEs are critical to India's growth and development as engines of employment, exports, innovation, and regional development. Challenges: 1) Limited access to credit and finance 2) Lack of technological upgradation 3) Inadequate infrastructure and skills 4) Regulatory burden and compliance costs 5) Limited market access and competition from large firms Measures to Support MSME Growth: 1) Improved credit access through dedicated schemes 2) Technology transfer and skill development programs 3) Infrastructure development and cluster formation 4) Simplified regulatory framework 5) Market linkages and export promotion support