A STUDY ON EFFECTIVENESS OF INSTITUTIONAL SUPPORTS TO SMALL BUSINESS MANAGEMENT IN SOUTH ANDAMAN ISLANDS
DOI:
https://doi.org/10.29121/granthaalayah.v11.i2.2023.5038Keywords:
External Institutional Support, Micro and Small Enterprises, South Andaman IslandsAbstract [English]
This research paper examines the external institutional supports available to micro and small businesses in the Andaman Islands. This study used 344 respondents from micro and small-sized enterprises from primary sources of data collected in the South Andaman Islands. The analysis was done using SPSS software through the Chi-Square test to test for an association. The result of the study indicated that the government and other institutions are playing a significant role in the MSEs, despite the prevailing economic condition and other factors. There is a significant association between the source of finance and the type of enterprise. Based on the findings, it is concluded that the financial, marketing, raw material and training institutes that support the manufacturing and service sectors are important to the development of the Andaman and Nicobar Islands. In this regard, the administration of the islands should adopt appropriate policies and measures based on the perspective of small businesses in the islands' regions.
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