1 Assistant Professor, Department of Business Management, Dr. Y.S. Parmar University of Horticulture & Forestry, Solan, Himachal Pradesh
2MBA, 2nd Year student, Department of Business Management, Dr. Y.S. Parmar University of Horticulture & Forestry, Solan, Himachal Pradesh
Online published on 27 May, 2016.
Entrepreneurial activities of Micro, Small and Medium Enterprises (MSMEs) have proved to be customary for increasing employment in all the developing economies and hence resulting in overall growth of the economy. However, it is important to understand the specific problems confronted by the MSME entrepreneurs that are uncommon to the larger companies and multi-national corporations for their successful development. In this backdrop, the study aims to examine the problems of MSMEs in Himachal Pradesh. Examination of a sample of 90 entrepreneurs discerned the results that entrepreneurs of the study area face problems like absence of adequate and timely banking finance, non-availability of suitable technology, lack of human resource, high production cost, poor infrastructural facilities, ineffective marketing due to limited resources and non availability of skilled manpower. The results of the study will have some useful implication for governments of industrially backward states as it will help in evaluating problems faced by entrepreneurs of MSMEs. Evidences of the study are relevant to policymakers designing incentives/concessions for small entrepreneurs of such states.
Entrepreneurship, Entrepreneurs, Micro, Small and Medium Enterprises, Problems, Finance, Marketing, Production
