Perspectives on Business Management, Economics & Information Technology (PBMEIT) Now also covers research on Psychology

PBME Volume I ISBN: 978-81-946245-3-0

PROSPECTS AND CHALLENGES OF MICRO AND SMALL-SCALE BUSINESS RUNNING ENTREPRENEURS

Author(s): GEETHA. K

Abstract

Micro and small-scale industries are essential for providing subsidiary or alternate occupations and utilization of local labor and raw materials. They facilitate an effective mobilization of resources of capital and skill and also stimulate the growth of industrial entrepreneurship. Thus, the development of micro and small-scale industries is an integral part of the overall economic, social and industrial development of a country. Micro and Small-scale industries are important because it helps in the employment generation and thereby development of the country. This study aims to examine the prospects and challenges of micro and small-scale business running entrepreneurs in Palakkad district in Kerala. Both secondary and primary data are used in this study. Primary data are collected from forty respondents by using an interview schedule based on convenience sampling technique. Percentage analyses, Weighted Average Ranking, Mann Whiteney Test, Krusikal Wallis Test, etc. are the statistical tools used to analyze collected data. Output of the study reveals that the government has to take more initiatives to enhance the prospects and overcome the obstacles of micro and small- scale entrepreneurs in Palakkad district in Kerala.

Keywords: MSME, entrepreneurs, prospects, government schemes

JEL Classification: L2, L26

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