SOCIO-ECONOMIC IMPACT OF MSMEs IN KERALA

Abstract

Microenterprises are the basic organization of every nation's economic development. In India, many youngsters face different problems, especially economic, Psychological, and social related problems. Under this condition, micro-enterprises play a dominant role in reducing or eliminating the above-mentioned problems in the country. MSMEs help every nation to empower weaker sections of society like women and economically weaker sections in a country. This study uses primary data from entrepreneurs and consumers and secondary data collected from various books, publications, the internet, etc… This study mainly focuses on the socio-economic impact of manufacturing micro-enterprises in Kollam district, Kerala. This study mainly used Chi Chi-square and Likert scale for analysis. This study found that manufacturing micro enterprises are highly influencing the financial and social status of micro-entrepreneurs.