IJFANS International Journal of Food and Nutritional Sciences

ISSN PRINT 2319 1775 Online 2320-7876

Problems and Prospects of Micro-Enterprises in Haryana

Main Article Content

Jyoti Gahlot,Prof (Dr) Kuldip Singh Chhikara

Abstract

A favourable business environment plays a hefty role in economic development and consequent upon the same some of the institutions have developed indices or indicators at global level that depict a country’s business regulatory environment in an encapsulated form. The Government of India spurred its efforts towards improving the business regulatory environment of the country which resulted to an improvement in the position of India in the Ease of Doing Business index of the World Bank Doing Business Project, from 142nd in 2015 to 63rd in 2020. The study probes the problems faced by entrepreneurs of micro-enterprises operating in district Rohtak of Haryana vis-a-vis Ease of Doing Business. Data for the purpose were collected from 50 entrepreneurs using purposive convenient sampling technique through a schedule; and analyzed by using Factor Analysis technique. The study attributes that the majority of entrepreneurs do not feel at ease in fulfilling the required formalities while establishing and running their ventures and further, the corrupt practices prevailing in the system also create hindrances in the way of doing business. The study recommends that the Government should put extra efforts through rationalizing the rules and regulations governing the business environment, and improving the basic infrastructural facilities.

Article Details