MICRO ENTREPRISES IN HARYANA: AN ANALYSIS

M. M. Goel and Omprakash

No 2014-06-15, Working papers from Voice of Research

Abstract: The objective of this paper is to understand, analyze and interpret the role of micro enterprises in the rapid growth of the Haryana economy as one of the fastest among 28 States and 7 Union Territories (UTs) of India. It would be no exaggeration to say that the industrial development lying within the ambit of micro enterprises especially those based on agriculture can go a long way in ensuring the overall economic well being of the people and thereby raising the quality of their life substantially. The sector has undergone several changes in terms of its nomenclature. Small Scale Industries (SSIs) have been reclassified as Micro and Small with the introduction of Micro and Small and Medium Enterprises (MSMEs) Act, 2006. MSMEs have been playing significant role in the overall economic development. MSMEs have been termed as ‘engine of growth’ for all the developing economies including Haryana. Annual Compound Growth Rates (ACGRs) have been used as the major statistical tool to analyze the functioning of micro enterprises in Haryana during pre and post reform period. Four economic parameters namely no. of units, investment, employment and production have been used as yardsticks to gauge or evaluate the contribution of the micro-enterprises in improving the financial health and economic scenario of the state. The major problems being encountered by micro enterprises have also been discussed. To ensure implementation of the policies and programmes for micro enterprises, we need good governance which means SMART (SIMPLE, Moral, Action Oriented, Responsive and Transparent) administration. The present study has been divided into five sections. Section I deals with the introduction and related concepts. Section II is devoted to Review of Literature. Section III highlights the research methodology. Section IV describes the growth of number, employment, total Investment and total production of micro enterprises in Haryana. Section V discusses the problems of micro enterprises in Haryana and last section VI, conclusion and policy implications. Key words: Micro,MSME Act 2006, Subsidy, Jugad Technology

Date: 2014-06
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Citations: View citations in EconPapers (6)

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