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MSME development is a much required function for the development of an economy. Insurance is very old business cum service that supports the commercial activities by owning the risk associated in exchange for premium. The objective of this paper is to find out whether any relationship exists between the insurance and development of MSMEs in Indian context. The study uses Ordinary Least Square method to draw the regression equation and Granger Causality test to check for causality betweendoi:10.35940/ijitee.l1186.10812s19 fatcat:27mtiodd7ba2tgatbz6xdkl7by