Vyavasaya Nadham April 2013 - KSSIA Kottayam
Vyavasaya Nadham April 2013 - KSSIA Kottayam
Vyavasaya Nadham April 2013 - KSSIA Kottayam
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Entrepreneurship in micro, small<br />
and medium enterprises in the<br />
Manufacturing sector in Kerala<br />
K. Thomas George<br />
Introduction. This paper is an overview of<br />
the entrepreneurial activity in the<br />
manufacturing sector in kerala. on the wake<br />
of its economic and social background.<br />
The recent programmes emerged in kerala<br />
for the development of the entrepreneurial<br />
activities , and the scope of the sector together<br />
with certain points of suggestions for the<br />
betterment of the sector are dealt with in this<br />
article.<br />
According to MSME Development Act 2006, the<br />
classification of micro ,small and medium sectors of<br />
enterprises is as follows.<br />
Service Sector. Micro- Up to<br />
Rs10 lakhs. Small- Up to Rs. 2 Crores Medium<br />
Above 2 Crores but upto Rs 5 Crores.<br />
manufacturing Sector- Micro- Up to Rs 25 lakhs.<br />
Small-Above 25 lakhs up to Rs.5Cr. Medium – Above<br />
5 Crores Up to Rs 10 Crores.<br />
Kerala is far behind in industrial<br />
development when compared to other States<br />
in India. A recent survey reveals that Kerala<br />
is not found among the top five States in India<br />
listed by the entrepreneurs for investment in<br />
industrial sector . It is a matter of great<br />
concern to us when we realize that our State<br />
is the most literate State in India .And<br />
achieved first in literacy(93.9% leaving out the<br />
children below 6 years), education and health.<br />
In certain human development indicators<br />
Kerala’s position is on par with developed<br />
economies especially in critical areas like<br />
health care, gender consciousness, labour<br />
rights and participative governance.<br />
(Economic Review 2012)<br />
Kerala’s workforce has high skill and clean<br />
working practices. Kerala is considered as a<br />
model State for governance in general and<br />
Local Self Government in particular.<br />
This study would be helpful in offering<br />
useful suggestions for prospective<br />
entrepreneurs and start ups and also for the<br />
Government in formulating policies with a<br />
view to developing a congenial industrial<br />
climate in Kerala especially for youths.What<br />
is now required is momentum in employment<br />
generation and environment friendly<br />
growth.The entrepreneurs have yet to tap<br />
investment avenues<br />
The following are yet major constraints and<br />
challenges.<br />
1. land<br />
2. labour<br />
3. transport<br />
4. uninterrupted power<br />
5. migration both inward and outward<br />
6. social problems such as<br />
alcoholism,increase in women headed<br />
households, deterioration in mental<br />
health, life style diseases are emerging<br />
threats to progress.<br />
Importance of Entrepreneurship. Economic<br />
development is a matter of prime importance<br />
for any country.<br />
Globally 12% of adult population is involved in<br />
entrepreneurial activities.<br />
More than 15% of the adult population in India<br />
is involved in entrepreneurial activity.<br />
Entrepreneurship as a career Choice.<br />
USA 61% of the youth<br />
Europe 41% of the youth<br />
India 20% of the youth<br />
India, an emerging economy as set to become the<br />
world’s second largest by 2050, has major problems<br />
like unemployment and poverty.<br />
10 THE HOME JOURNAL OF KERALA STATE SMALL INDUSTRIES ASSOCIATION, KOTTAYAM
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