Analysis of Socio-Economic Background of Entrepreneurs: A Case Study of Select MSMES in J & K
Keywords:
Entrepreneurship, Socio-Economic Background, Entrepreneurs, Socio-Economic DevelopmentAbstract
Small size enterprises have been recognized as an engine of growth all over the world. India has a vibrant micro, small and medium enterprise sector that plays a vital role in sustaining economic growth. The entrepreneur facilitates economic growth by creating jobs and adding value to the economy. The MSME sector in India is highly heterogeneous in terms of the size of the enterprises, variety of products and services, and levels of technology. The MSMEs sector not only plays a critical role in providing employment opportunities at comparatively lower capital cost than large industries but also helps in industrialization of rural and backward areas, reducing regional imbalances and assuring more equitable distribution of national income and wealth. The present research involves the analysis to know the influence of Socio-Economic background on entrepreneurs in the J&K state , extensively with the help of scientific research methodology. Thus with such a target in mind, a detailed study through primary and secondary information shall be taken up to examine the socio economic background of the entrepreneurs and provide inputs to policy makers to formulate the new industrial policy for the state.
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