A Study on Analysis the Performance of MSME in Haryana
Main Article Content
Abstract
Micro, Small, and Medium Enterprises (MSMEs) play a crucial role in the economic development of both developed and developing economies. These enterprises benefit from lower operational costs, allowing them to make the best use of available resources. The objective of the present study was to analyze the performance of MSMEs in Haryana, focusing on various independent variables such as branch location, sector/industry type, business category, and ownership type. A total of 600 respondents were selected from different areas in Haryana for this analysis. The findings of the study reveal that there is no significant positive impact on the performance of MSMEs based on the aforementioned independent variables. However, the analysis shows that the F-Statistics value of 29.127 confirms the fitness of the model, as the p-value of 0.000 is well below the alpha level of 0.05, signifying the statistical significance of the results. This suggests that while certain variables influence MSME performance, other factors may be at play that were not accounted for in this study. The results highlight the need for further exploration into additional variables and the implementation of strategies to improve the performance of MSMEs in Haryana.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
References
R,Rathore and Aditi Mathur (2019), A study on role and prospects of micro, small and medium enterprises in India. Journal of Pharmacognosy and Phytochemistry 2019; 8(1): 2046-2049. E-ISSN: 2278-4136.P-ISSN: 2349-8234. Retrieved from https://www.phytojournal.com/archives/2019/vol8issue1/PartAH/8-1-104-820.pdf
Vinay Pal Singh, Hari Om Gupta (2018), Women Entrepreneurship in Rural India–A Bang for the Buck in Economic Growth, IOSR Journal of Business and Vinay Pal Singh, Hari Om Gupta (2018), Women Entrepreneurship in Rural India–A Bang for the Buck in Economic Growth, IOSR Journal of Business and Management, Volume 20, Issue 4.
Kumar, M. D., & Kumar, N. R. (2018). Problems and Prospects faced by Micro, Small and Medium Scale Enterprises with Special Reference to Coimbatore. International Journal of Research in Engineering, Science and Management, Volume-1, Issue-10, October-2018. www.ijresm.com | ISSN (Online): 2581-5782. Retrieved from https://www.ijresm.com/Vol_1_2018/Vol1 _Iss10_October18/IJRESM_V1_I10_97.pdf
Mukherjee, Sonia (2018). ‘Challenges to Indian micro small scale and medium enterprises in the era of globalization.’ Mukherjee Journal of Global Entrepreneurship Research. Retrieved from: https://doi.org/10.1186/s40497-018-0115-5
Amentie, C., Negash, E. and Kumera, L. (2016) ‘Barriers to Growth of Medium and Small Enterprises in Developing Country: Case Study Ethiopia’, Journal of Entrepreneurship and Organization Management, 5(3), pp. 1-4. doi:10.4172/2169-026X.1000190
Singh, C. and Wasdani, K. P. (2016) ‘Finance for Micro, Small, and MediumSized Enterprises in -India: Sources and Challenge’, ADBI Working Paper 581, Tokyo: Asian Development Bank Institute, pp. 7-20. Available: http://www.adb.org/publications/finance-micro-smalland-medium-sizedenterprises-india-sources-and-challenges/
Aruna, N. (2015) ‘Problems Faced By Micro, Small and Medium Enterprises - A Special Reference to Small Entrepreneurs in Visakhapatnam’, IOSR Journal of Business and Management (IOSR-JBM), 17(4), pp. 43-49.
The Best MSME Schemes In 2023 - MSME Times
Schemes | Ministry of Micro, Small & Medium Enterprises (msme.gov.in)