Indian Government Interventions in Micro, Small and Medium Enterprise Development: An Enterprise Life Cycle Perspective

Abstract

Development of Micro, Small and Medium Enterprise (MSME) sector is the most apt means of encashing the demographic dividend of India in promoting economic growth, employment generation and inclusive growth. In this endeavour, the Indian government periodically brings out appropriate support measures in the form of policies and programmes. Though many studies have been undertaken by various stakeholders in the past on myriad issues such as credit, marketing, skill development, sickness, export, technology infusion related to MSME sector, the appropriateness and objectives of policies and schemes has not been addressed. This paper attempts to examine the utility of schemes from an enterprise life cycle perspective and to identify any impending interventions needed at any particular stage of an enterprise lifecycle model. It argues that available support measures are insufficient to address the needs of exit stages and also suggests further interventions required for the holistic development of this sector.

Individual entrepreneurial orientation on MSME's performance: the mediating effect of employee motivation and the moderating effect of government intervention

“…But recently, many studies confirmed that Government policy has a significant impact on the productivity of SMEs (Das and Rangarajan, 2020;Eniola and Entebang, 2015). Our study also confirms the same and reinforces the importance of government intervention on IEO and employee performance, as done by Socrates and Gopalakrishna (2020). The study revealed a favorable association between entrepreneurial values, business financing, management, market practices, and SME growth performance.…”

“…Regulatory policies, trade policies, labour market policies, regional development policies, social policies, and even gender policies of the government all have an impact on entrepreneurial activity (Ranjan and Panicker, 2020). This would rely on various factors, including the population's attitude towards entrepreneurship, labour force structure, the size and function of government, the prevalence of entrepreneurial activity, and the number of MSMEs in the country (Socrates and Gopalakrishna, 2020). To boost the number of new entrepreneurs and start-ups, the government must provide a supportive environment that encourages the appropriate individuals to become entrepreneurs and improves the quality of existing companies (Socrates and Gopalakrishna, 2020;Ranjan and Panicker, 2020).…”

“…The mediating variable items (3 items) are developed from existing works by different scholars (Garavan, 2016;Maheshwari et al, 2020;Mehta and Kaur, 2021). Lastly, government intervention is measured on a categorical scale using two variables: awareness about policy initiatives and participation in government-sponsored schemes (Socrates and Gopalakrishna, 2020).…”

STRATEGI INDUSTRI EKSPOR, PERCEPATAN PERTUMBUHAN UMKM ERA NEW NORMAL (Studi Kasus PT. Keloria Moringa Jaya)

“…Daya saing UMKM dalam perekonomian global juga menjadi perhatian yang signifikan, dimana tantangan yang timbul akibat globalisasi berdampak pada UKM di berbagai negara (Singh et al, 2009). Selain itu, pengembangan UMKM sangat penting untuk mendorong pertumbuhan ekonomi, penciptaan lapangan kerja, dan pertumbuhan inklusif, khususnya di negara-negara seperti India (Socrates & Gopalakrishna, 2020).…”