A study on problems and prospects of home based entrepreneurs in Palladam

The small scale sector, world over is playing a vital role in the growth of the national economies. Entrepreneurs are the kingpin of growth process. They are men of vision, drive and talent, who identify opportunities and promptly seize them for exploitation. The study was aimed at measuring the prospects and problems among the sample respondents. The study was conducted in Palladam Taluk by selecting 150 respondents, who are all doing home-based business. Field survey method and interview scheduled were employed to collect the primary information in addition to secondary data. Based on these findings a few suggestions are also made. Over the past five decades, various government policies have been formulated to develop a framework for the revival and development of Cottage, Tiny and modern small-scale industries. Entrepreneurs have strong convictions, self motivation, and they will to grow and prosper tremendously. But in majority of the cases, they start with nothing but entrepreneurial ability and end with positive results. Since, small-scale industry offers multiple benefits to an industrializing economy like India; it has increased the attention of the policy makers to a greater extent. As a result, small-scale industry has been growing impressively and contributing significantly to employment, industrial production and exports.