Vol. 3, Issue 1 (2018)
Sustainability of micro enterprises for economic progress
Author(s): VA Malarvizhi, Dr. G Vedantadesikan
Abstract: With an Indian rural population of 85%, the thrust is on rural development for its upliftment. The micro enterprises has been a dynamic sector since independence. The active role of micro enterprises paves way for the creation of low capital investment and remarkable employment openings unlike large scale industries but have an active role in the socio economic development of our nation. These micro enterprises not only act as the balancing agents for equitable national income distribution but also play the role of ancillary units to the large industries by enhancing development. Majority of the rural schemes did not yield the expected results which brought the concept of Self Help Groups to life penetrating the minds of people. From this concept, micro enterprises system evolved. The Micro Enterprise emergence generated employment and also leads to Women Empowerment in the course of its process. The national and international studies available on the Sustainability of Micro Enterprises, reduction of poverty, employment and income generation and Women Empowerment sparked few research questions - whether, the Micro enterprises should have sustainability or the micro finance institutions viability of micro enterprises is based on the marketability of the markets. To get solution, it is necessary to study and correlate the above. To understand better an attempt of the analysis of the prevailing scenario has been made which has made it helpful to know about the factors responsible for sustainability of micro enterprises.