EMPOWERING WOMEN ENTREPRENEURSHIP THROUGH MSMES: NAGALAND’S PERSPECTIVE
DOI:
https://doi.org/10.29121/shodhkosh.v4.iMIHCSET.2023.6453Keywords:
Msmes, Women Entrepreneurship, North East India, Transformative PotentialAbstract [English]
In India, the Micro, Small, and Medium Enterprises play a crucial role in the country’s industrial development. According to reports from the Ministry of Statistics & Programme Implementation, the MSME sector contributed 29.6% to the country’s Gross Domestic Product (GDP) in 2021-22. In an emerging economy like India, the MSME sector has provided entrepreneurial opportunities. Women-led MSMEs contribute significantly to job creation, drive innovation, generate income, and promote entrepreneurship. In recent years, Nagaland has experienced a transformation with an increase in women entrepreneurs within the MSME sector. The paradigm shift in women entrepreneurs influences the economic expansion, gender parity, and social progress. This study examines the growth of women-led MSMEs in India, specifically in the northeastern state of Nagaland, and identifies the motivating factors contributing to the success of women-led enterprises. The data for the study was collected from both primary and secondary sources. Primary data was collected from 150 women-led MSMEs in Nagaland using a structured questionnaire. The findings of the study indicate that women-led MSMEs have grown over the years. Several motivating factors influencing this phenomenal growth were age, educational qualifications, types of enterprise, nature of the enterprise, government incentives and encouragement, etc. Although the MSME sector has experienced rapid growth, strengthening the contribution of women entrepreneurs holds transformative potential for the economically underdeveloped societies of the Northeast.
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