DEVELOPMENT AND SUSTAINABILITY OF ENTERPRENEURSHIP AMONG SCHEDULED TRIBES IN ODISHA A CASE STUDY OF KEONJAR and MAYURBHANJ DISTRICTS

Abstract

newline The nursery of entrepreneurship is the MSME sector which often driven by individual creativity and innovation, especially in an economy like India. The role of micro, small and medium enterprises (MSMEs) in the economic and social development of the country is well established. The sector contributes 8 per cent of the countryand#8223;s GDP, 45 per cent of the manufactured output and 40 per cent of its exports. The MSMEs provide employment to about 60 million persons through 26 million enterprises. The labour to capital ratio in MSMEs and the overall growth in the MSME sector is much higher than in the large industries. The geographic distribution of the MSMEs is also more even. Thus, MSMEs are important for the national objectives of growth with equity and inclusion. The MSME sector in India is highly heterogeneous in terms of the size of the enterprises, variety of products and services produced and the levels of technology employed. While one end of the MSME spectrum contains highly innovative and high growth enterprises, more than 94 per cent of MSMEs are unregistered, with a large number established in the informal and unorganized sector. Besides the growth potential of the sector and its critical role in the manufacturing and value chains, the heterogeneity and the unorganised nature of the Indian MSMEs are important aspects for policy making and programme implementation. The sector is the