CHAPTER I

1.1 INTRODUCTION

An entrepreneur is a person, who creates a new business, bears risks involved and
enjoying most of the rewards. An entrepreneur is seen as an innovator, a source of fresh
ideas, goods, services, and business or procedures. Entrepreneurs play a key role in any
economy. Entrepreneurship leads to the creation of small and medium scale businesses,
providing employment opportunities, income generation, uplifting of standard of living, and
utilization of human, material, and financial resources of a country in the right direction.
Government schemes can help entrepreneurs in India to grow their small business. These
schemes are providing financial assistants, subsidy, and guidance to them. The benefits of the
schemes are enjoyed only when there has awareness among beneficiaries. Nowadays
entrepreneurs start their business ventures by investing a meagre amount on their own, they
expect monetary assistance from the government for stabilising their business. The
Government of India, considering the significance of entrepreneurship and their contribution
towards country ‘s growth and prospects, has introduced new schemes for helping
entrepreneurs. The Government promotes India’s entrepreneurial ecosystem by providing
easy access to loans, networks, markets and training. The Government of India has
Employment Generation Programme, and Support Training and Employment Programme for
Women (STEP) who has had no access to formal skills, especially in rural India. The main
reason for non-utilization of the Government Schemes is lack of awareness of various
entrepreneurship schemes promoted by Central and State Government. Further, the
government has only initiated in introducing the entrepreneurship development schemes, but
not concentrated on propagating them. Hence, a majority of the are not aware of schemes
promoted by the Government. Hence, in this article an effort schemes to suggest suitable
measures for raising awareness among entrepreneurs.

1
BENEFITS OF ENTREPRENEURSHIP SCHEMES

 Simple process to adopt an entrepreneurship scheme

 Patents at lower costs
 Easy access to funds
 Availability of Start Up Eco System
 Low rate of interest
 To avail Government subsidy
 To increase working capital
 To expand business operations
 To purchase inventory or equipment

SCHEMES FOR ENTREPRENEURS

1. ASPIRE – A Scheme for Promotion of Innovation, Rural Industries and

Entrepreneurship

This scheme was introduced to set up a network of technology centres and incubation

centres across India with the objective to accelerate entrepreneurship and encouraging
innovations for unmet social needs in the agro-business industry. It provides financial aid for
setting up livelihood business incubators and/or technology business incubators, by way of
one-time grant of 100% (hundred percent) cost of plant & machinery (apart from land and
infrastructure) or a sum up to INR 100 (Indian rupee hundred) lakhs, whichever is less.

In India, a large portion of the population is still dependent on agriculture for their
livelihood and a substantial number of Indians live in rural areas. As such, this scheme was
launched with the purpose of generating employment and establishing enterprises in the
agriculture industry. It provides knowledge to entrepreneurs for establishing their own
businesses, to emerge as employers, and to ensure their self-sustainability. This program
intends to foster district-level economic growth from the ground up.

2
2. Pradhan Mantri Mudra Yojana

Under this scheme, Micro Units Development and Refinance Agency Ltd.

(“MUDRA”) is an non-banking financial company which supports development of micro
enterprise sector in India. MUDRA provided refinance support to banks and/or microfinance
institution for lending to micro units who have loan requirement up to INR 10 (Indian rupee
ten) lakhs. The loans have been divided into categories of Tarun, Kishore, and Shishu,
depending on the stage of development, funding needs and age of the business and the
amount of loan that can be availed by these businesses. There is no collateral security for
these assets and loans up to INR 10 (Indian rupee ten) lakhs can be provided to small
businesses which are non-corporate and non-farm micro or small enterprises. This loan is
granted for a variety of activities which provide income generation and employment creation.
It is mostly offered to street vendors, store owners, traders, and other service providers.
Additionally, working capital, travel vehicle, and working capital loans are offered. Thus, it is
a unique scheme that is devised to empower Indian entrepreneurs.

3. Zero Defect Zero Effect (ZED) scheme

This mission seeks to motivate manufacturers to create better products, have zero
defects and high quality, as the name suggests. It is a handholding scheme that provides an
opportunity to MSMEs to embrace world-class manufacturing processes, use new technology
and consistently improve their products. The scheme provides tools, technology as well as
financial assistance to startups and MSMEs for ensuring zero defects in their goods. ZED
also offers a holistic certification, assesses enterprises for ZED, and supports startups in
climbing up the maturity assessment model of the scheme.

3
4. NEDFi Women Enterprise Development Scheme

North Eastern Development Finance Corporation Limited has introduced the

Women Enterprise Development Scheme for women entrepreneurs. As the name suggests,
the scheme helps in motivating women entrepreneurship by financially supporting the
project. It allows women to elevate their status by participating in the business and
development of micro-enterprises. The primary objective of the scheme is to provide
financial assistance to women entrepreneurs. Women entrepreneurs with existing business
ventures are also eligible for the scheme in order to expand, modernise or diversify the
business. Women enterprise development scheme provides loans to businesswomen of all
sections. The applicant can receive a term loan and a working capital loan at 8% interest rate.
The loans will be sanctioned to women who are engaged in a viable business. The maximum
amount of loan is Rs.15 lakh, and 75% of assistance for a project will be offered as a loan.

5. ANNAPURNA SCHEME

Annapurna Scheme applies to women entrepreneurs who have started a food

catering unit or wish to start one. Under this scheme, they can avail of a loan of up to Rs
50,000 to purchase kitchen essentials, utensils, gas connections, raw materials, water filters,
etc. A guarantor is required to secure the loan. After securing the loan, it can be repaid in 36
instalments (the repayment period is three years). Further, interest rates under this scheme are
decided as per prevailing market rates.

6. MUDRA YOJANA SCHEME FOR WOMEN

Mudra Yojana Scheme — a government scheme for small units — is also applicable
to women who want to start a small enterprise, such as a beauty parlour, tuition centre,
tailoring unit, etc. Women entrepreneurs can avail of loans from Rs 50,000 onwards and up to
Rs 50 lakh under the scheme. They are required to present collateral and guarantors only if
the loan amount exceeds Rs 10 lakh. There are three plans under this — Shishu plan (loans
up to Rs 50,000 for new businesses), Kishor plan (loans between Rs 50,000 and Rs 5 lakh for

4
well-established enterprises), and Tarun plan (loans between Rs 5 lakh and Rs 10 lakh for
business expansion).

7. VENTURE CAPITALIST ASSISNTANCE SCHEME

The Venture Capital Assistance Scheme is one of the best efforts of the Indian
government to promote agricultural entrepreneurship in India. Venture Capital Assistance is
financial support in the form of an interest free loan provided by SFAC to qualifying projects
to meet shortfall in the capital requirement for implementation of the project. Individuals,
farmers, agri-preneurs, self-help groups, proprietary firms, agriculture graduates, etc. are
eligible for loans under this scheme.

8. CREDIT GUARANTEE SCHEME

The Credit Guarantee Scheme for Micro and Small Enterprises (CGS) was launched by
the Government of India (GoI) to make available collateral-free credit to the micro and small
enterprise sector. Both the existing and the new enterprises are eligible to be covered under
the scheme. The Ministry of Micro, Small and Medium Enterprises, GoI and Small Industries
Development Bank of India (SIDBI), established a Trust named Credit Guarantee Fund Trust
for Micro and Small Enterprises (CGTMSE) to implement the Credit Guarantee Scheme for
Micro and Small Enterprises.  Guarantee coverage ranges from 85% (Micro Enterprise up to
Rs 5 lakh) to 75% (others). 50% coverage is for Retail Activity

has been made to identify the Wes‘ awareness of Government

5
 1.2 OBJECTIVE OF THE STUDY

 To study the level of awareness of the schemes provided by Indian government for
Entrepreneurs.
 To examine the association between demographical factors and Government Scheme.
 To identify the socio-economic profile of the entrepreneurs.
 To recognize the financial profile of the entrepreneurs
 To find out the mindfulness on Government plans accessible for entrepreneurs.

6
 1.3 STATEMENT OF THE PROBLEM

In the current generation there is development of many businesses and start-ups.

Many young and women entrepreneurs have started to grow. Both Central and State
Governments have introduced various novel schemes for the development of Entrepreneurs.
The success of a scheme could be measured by ascertaining the level of utilization by the
beneficiaries. Most of the Entrepreneurs are unaware or not interested in utilizing these
schemes due to lack of knowledge and awareness. The reason behind low level of utilization
of Government schemes may be the ignorance of entrepreneurs. Thus, an attempt has been
made in this study to identify how many people are actually aware that there are schemes and
how many are aware and willing to utilize them in the future.

7
 1.4 SCOPE OF THE STUDY

The study covers the factors like study on Entrepreneurship schemes, level of
awareness among various schemes provided by central government, factors influencing the
schemes, loans by central government, government subsidy, less interest rate, opinion and
preference towards the schemes. In this, paper findings and conclusions are based on the
respondent’s level of awareness.

8
 1.5 LIMITATION OF THE STUDY

 The study is restricted to 101 respondents.

 The respondent’s behaviour changes according to the adoption of various schemes.
 The sample respondents may not cover the entire population.

9
 1.6 CHAPTER SCHEME

CHAPTER 1: INTRODUCTION OF THE STUDY

The chapter presents the introduction of the study, objectives of the study, benefits of the
schemes, statement of the problem, need of the study, scope of the study and limitations of
the study.

CHAPTER 2: REVIEW OF LITERATURE

This chapter presents the reviews taken for the study.

CHAPTER 3: RESEARCH METHODOLOGY

This chapter deals with research purpose and its design, sample size and its design, methods
of data collection and the statistical tools used.

CHAPTER 4: ANALYSIS AND INTERPRETATION

This chapter deals with the analysis and interpretation.

CHAPTER 5: FINDINGS, SUGGESTIONS AND CONCLUSION

This chapter presents a brief summary about the findings, suggestions, and conclusion.

10
 CHAPTER II

REVIEW OF LITERATURE

SINGH AND BEIWAL (2008) in their study have revealed that the Government may
formulate different strategies and plans for Wes, but there is a gap between intent and
execution.

MAWOLI AND ALIYU (2010), small scale enterprises refer to all profit-making
undertakings that are small in size, have small number of employees, capital employed,
number of customers and sales turnover. Small scale business is an autonomously operated
enterprise, not dominant in its area of business and meets certain criteria in terms of number
of employment and annual receipts (Nickel, McHugh & McHugh, 1997). Small scale
business is a commercial entity with a labour force of 11-100 workers or a total cost not
exceeding N 50 million, with the inclusion of working capital and exemption of cost of land.
The Committee for Economic Development Standard identifies a business as small if the
management is independent, capital is supplied and ownership is held by an individual or
small group of people, the horizon of operation is mainly local, and considered small when
compared to the biggest unit in its field of operation.

BRINDA KALYANI (2010) In her study she has rightly pointed out that the majority
of the small- scale entrepreneurs are aware of the financial schemes offered by the
government.

DR. RAJESH CHATTERJEE, AMIT KR. DEB (2013) “Effect of Government

Programmes on Entrepreneurship: A study on NE India with Special Reference to Tripura”.
This study focused on various schemes of Government agencies for rural entrepreneurship
development in Tripura. This study discussed the effect of government programmes on
Socio-economic status of rural entrepreneurs.

11
 DR. A. SHIRALSHETTI (2015), in her study “Awareness level towards government
schemes” she frames that Indian Women entrepreneurship is emerging trend in development
of economy of self, family and nation. The Government is providing tremendous
opportunities for opening up of enterprises for women. The government have introduced
many schemes to promote entrepreneurship, but it has failed to create awareness among
women entrepreneurs. The study is based on the primary data collected from the 1250
entrepreneurs from the districts of north Karnataka. The collected data were analyzed and
interpreted by using statistical tools like classification, tabulation, percentage, scaling
technique and chi-square. The study suggested to increase the awareness level among women
entrepreneurs about benefits of Government schemes and encouraged them to earn self-
income.

HARIS ABRAR KASHMIRI, RUBEENA ALCHTER (2017) “Role of Government

policy in Entrepreneurship development”. This study discussed the role of government
policies in development of Entrepreneurship and its impact on economic development.

HIMANI SARDAR (2018), in his paper ‘A study on perception and awareness

towards entrepreneurship and Start up scheme’ is based on primary data and the primary
respondents of this research paper are students of graduation and post-graduation level. The
research states that 77% of the respondents are interested to be entrepreneurs out of which
50% respondents would pursue entrepreneurship immediately after studies while 50% would
like to have some experience beforehand. While another observation has been that 60% of
respondents were aware about start up (scheme) just as a scheme launched by government but
were not aware about the benefits associated with the scheme.

UMA SN AND RAMESH HN (2018) In their study have pointed out that emerging
entrepreneurs are just like new-born babies. They cannot stand on their own feet. Hence, at
least in the initial stages of their business necessary support may be extended by the

12
Government for their survival and sustainability. Thus, both State and Central government
have to take necessary steps to reach the ultimate beneficiaries.

R. PAULMONI, P. GEETHA (2019), in their paper “A Study on Women Entrepreneurs

Awareness about Government Schemes” covers women entrepreneurs’ awareness about
government schemes – special reference to Kanyakumari District. The objectives of the study
are to know the socio-economic status of women entrepreneurs in the study area and to assess
the awareness about government schemes available for women entrepreneurs. The present
study has been undertaken in Kanyakumari District. This is based on the primary and
secondary data. The interview schedule was used to collect the primary data. The primary
data has been collected from urban women entrepreneurs in Kanyakumari District. Secondary
data has been collected from books and journals. Out of 1025 registered women
entrepreneurs 140 samples were selected by stratified random sampling. The data were
collected from four taluks of Kanyakumari district, 35 samples each. The collected data were
analysed through different statistical tools like percentage and Garrette ranking.

DR. NEERU GARG (2020) the MSMEs in India face a tough situation due to extreme
competition from large industries due to withdrawal of subsidy, lack of infrastructure, anti-
dumping policy, challenges on total quality management etc. Though Globalization has
increased competitiveness in Indian MSMEs to certain extent, still Indian MSMEs are not
adequately prepared to compete with the global players. There has been a definite change in
attitude of the Govt. From protection to promotion of the MSMEs. The Govt. has taken
several policy initiatives but needs to ensure proper co-ordination and implementation of such
schemes. The MSMEs must convert the threats of globalization into opportunities through
increased productivity, product diversification, supply chain management, Research and
Development activities.

13
 CHAPTER III

RESEARCH METHODOLOGY

3.1 INTRODUCTION

Research is defined as the creation of new knowledge and/or the use of existing
knowledge in a new and creative way so as to generate new concepts, methodologies, and
understandings. This could include synthesis and analysis of previous research to the extent
that it leads to new and creative outcomes.

A research methodology encompasses the way in which you intend to carry out your
research. This includes how you plan to tackle things like collection methods, statistical
analysis, participant observations and more.

3.2 RESEARCH PURPOSE

The purpose of the research is to analyse and study the awareness of the Indian Government
Schemes for Entrepreneurs.

3.3 RESEARCH DESIGN

 Research design is the framework of research methods and techniques chosen by a

researcher. The design allows researchers to hone in on research methods that are
suitable for the subject matter and set up their studies up for success.
 The design of a research topic explains the type of research such as survey research
and descriptive case-study.
 There are three main types of designs for research:
1. Data collection
2. Measurement

14
 3. Analysis

3.4 SAMPLE SIZE

A sample is defined as a smaller set of data that a researcher chooses or selects from larger
population by using a pre-defined selection method.

3.5 SAMPLING DESIGN

The sample design used in this study is convenience sampling technique.

3.6 METHODS OF DATA COLLECTION

Data collection is defined as the procedure of collecting, measuring, and analysing accurate
insights for research using standard validated techniques.

Data collection has been done through the following ways:

1. Primary data
2. Secondary data

 Primary Data
Primary data is the first-hand data in which the questionnaire is directly given by the
researcher to the respondents or directly interviewing them and collects data for the
study.

 Secondary Data
Secondary data is the type of data which has already been published in books,
newspapers, journals, etc.

15
 3.7 STATISTICAL TOOLS USED

The collected data has been analysed using Statistical Package for the Social Science
(SPSS) software and the methods adopted are simple percentage analysis and one-way
ANOVA analysis.

 PERCENTAGE ANALYSIS

It refers to a special kind of rate or percentage that are used in making comparison
between two or more series of data. A percentage is used to determine relationship between
the series. It is used to compare the relative terms and distribution of two or more data.

Percentage = No. of Respondents /Total number of respondents X 100

 ONE-WAY ANOVA

One-way ANOVA (“analysis of variance”) compares the means of two or more

independent groups in order to determine whether there is statistical evidence that the
associated population means are significantly different. One-way ANOVA is a parametric
test.

A one-way ANOVA uses the following null and alternative hypothesis:

 H0 (null hypothesis): µ1= µ2 = µ3 =…… µk (all the population means are equal)
 H1 (alternative hypothesis): at least one population mean is different from the
rest.

16
 CHI SQUARE

Chi Square test enables the researcher to find out whether the divergence between
expected and actual frequencies is significant or not. The following formula can be
used for chi – square value.

 FRIEDMAN RANKING
The Friedman test is a non-parametric test developed by Milton Friedman. The
Friedman test is used for one-way repeated measures analysis of variance by ranks. It
is used to detect differences in treatment across multiple test attempts.

17
 CHAPTER IV

ANALYSIS AND INTERPRETATION

Analysis and interpretation are the central steps in research process. Analysis of data
means studying the tabulation material to determine the inherent facts of meaning. It involves
breaking down complex factor into simple units. This chapter reveals the various statistical
analyses done with SPSS 23 and its implications. Sample characteristics are presented first,
followed by descriptive statistics. The validation of the model, the results of the hypotheses
testing and path analysis using SPSS

ANALYSIS

Analysis and interpretation is the process of assigning meaning to the collected

information and determining the conclusions, significance, and implications of the findings.
The purpose of this chapter is to present analysis and interpretation relevant to answering the
research questions and associated research propositions. Data analysis is a process for
obtaining raw data and converting into information useful for decision making by users. Data
are collected and analysed to answer questions, test hypotheses or disprove theories.

INTERPRETATION

“Scientific interpretation seeks for the relationship between the data cannot be
considered in the view of the diversity of data. They seek, that the interpretation of such data
is best considered within the context of each method. The analysis and interpretation of such
data are best considered within the context of each of the methods. The analysis and
interpretation of the historical method its objectives and its limitation. It is important to note

18
in all circumstances that data do not interpret themselves and that the investment must pass
judgment of their meaning from the standpoint of the problem under investigation.

4.1 PERCENTAGE ANALYSIS

TABLE 4.1.1
TABLE SHOWING THE AGE OF THE RESPONDENTS

FACTORS NO. OF RESPONDENTS PERCENTAGE

20-25 24 23.8 %

25-30 65 64.4 %

ABOVE 30 YEARS 12 11.9 %

TOTAL 101 100 %

INTERPRETATION
From the above table it is observed that out of 101 respondents, 23.8% are 20-25 years,
64.4% are 25-30 years and 11.9% are above 30 years.

Hence, the age of majority of the respondents are around 25-30 years.

19
 CHART 4.1.1

CHART SHOWING THE AGE OF THE RESPONDENTS

20
 TABLE 4.1.2

TABLE SHOWING THE GENDER OF THE RESPONDENTS

FACTORS NO. OF RESPONDENTS PERCENTAGE

MALE 68 67.3%

FEMALE 33 32.7%

TOTAL 101 100%

INTERPRETATION

From the above table it is observed that out of 101 respondents 67.3% are male and 32.7%
are female.

Hence, the gender of most of the respondents are Male.

21
 CHART 4.1.2

CHART SHOWING THE GENDER OF THE RESPONDENTS

22
 TABLE 4.1.3

TABLE SHOWING THE MONTHLY INCOME OF THE RESPONDENTS

FACTORS NO. OF RESPONDENTS PERCENTAGE

BELOW 50000 37 36.6%

50000-100000 26 25.7%

ABOVE 100000 38 37.6%

TOTAL 101 100%

INTERPRETATION

From the above table it is observed that out of 101 respondents 36.6% obtain below 50000,
25.7% around 50000-100000 and 37.6% obtain above 100000.

Hence, the monthly income of most of the respondents are above 100000.

23
 CHART 4.1.3

CHART SHOWING THE MONTHLY INCOME OF THE RESPONDENTS

24
 TABLE 4.1.4

TABLE SHOWING THE AREA OF RESIDENCE OF THE RESPONDENTS

FACTORS NO. OF RESPONDENTS PERCENTAGE

URBAN 83 82.2%

RURAL 18 17.8%

TOTAL 101 100%

INTERPRETATION

From the above table it is observed that out 101 respondents 82.2% are residing in Urban
places and 17.8% in Rural places.

Hence, the area of residence of most the respondents are Urban.

25
 CHART 4.1.4

CHART SHOWING THE AREA OF RESIDENCE OF THE RESPONDENTS

26
 TABLE 4.1.5

TABLE SHOWING THE EDUCATIONAL QUALIFICATION OF THE

RESPONDENTS

FACTORS NO. OF RESPONDENTS PERCENTAGE

HIGHER SECONDARY 20 19.8%

UNDERGRADUATE 52 51.5%

DIPLOMA 24 23.8%

POSTGRADUATE 5 5%

TOTAL 101 100%

INTERPRETATION

From the above table it is observed that out of 101 respondents, 19.8% have completed
their Higher Secondary, 51.5% have completed their Undergraduate, 23.8% has done
Diploma and 5% have completed their Postgraduate.

Hence, the educational qualification of most of the respondents are Undergraduate.

27
 CHART 4.1.5

CHART SHOWING THE EDUCATIONAL QUALIFICATION OF THE

RESPONDENTS

28
 TABLE 4.1.6

TABLE SHOWING THE TYPE OF FAMILY OF THE RESPONDENTS

FACTORS NO. OF RESPONDENTS PERCENTAGE

NUCLEAR 69 68.3%

JOINT FAMILY 32 31.7%

TOTAL 101 100%

INTERPREATATION

From the above table it is observed that out of 101 respondents, 68.3% are living in
Nuclear family and 31,7% are living in Joint family.

Hence, the type of family of most of the respondents are Nuclear.

29
 CHART 4.1.6

CHART SHOWING THE TYPE OF FAMILY OF THE RESPONDENTS

30
 TABLE 4.1.7

TABLE SHOWING THE STATUS IN FAMILY OF THE RESPONDENTS

FACTORS NO. OF RESPONDENTS PERCENTAGE

HEAD 87 86.1%

MEMBER 14 13.9%

TOTAL 101 100%

INTERPRETATION

From the above table it is observed that out of 101 respondents, 86.1% are Head of the
family and 13.9% are Members of the family.

Hence, the status in family of most of the respondents are Head.

31
 CHART 4.1.7

CHART SHOWING THE STATUS IN FAMILY OF THE RESPONDENTS

32
 TABLE 4.1.8

TABLE SHOWING THE MONTHLY FAMILY EXPENDITURE OF THE

RESPONDENTS

FACTORS NO. OF RESPONDENTS PERCENTAGE

15000 12 11.9%

15000-30000 43 42.6%

ABOVE 30000 46 45.5%

TOTAL 101 100%

INTERPRETATION

From the above table it is observed that out of 101 respondents, 11.9% spend 15000 per
month, 42.6% spend 15000-30000 per month and 45.5% spend more than 30000 per month.

Hence, the monthly family expenditure of most of the respondents are Above 30000.

33
 CHART 4.1.8

CHART SHOWING THE MONTHLY FAMILY EXPENDITURE OF THE

RESPONDENTS

34
 TABLE 4.1.9

TABLE SHOWING THE NATURE OF BUSINESS OF THE RESPONDENTS

FACTORS NO. OF RESPONDENTS PERCENTAGE

PRODUCTION 48 47.5%

TRADING 19 18.8%

SERVICE 34 33.7%

TOTAL 101 100%

INTERPRETATION

From the table above it is observed that 47.5% are Production, 18.8% are Trading and
33.7% are Service.

Hence, the nature of business of most of the respondents are Production.

35
 CHART 4.1.9

CHART SHOWING THE NATURE OF BUSINESS OF THE RESPONDENTS

36
 TABLE 4.1.10

TABLE SHOWING THE LOCATION OF BUSINESS OF THE RESPONDENTS

NO. OF RESPONDENTS PERCENATGE

FACTORS

URBAN 83 82.2%

RURAL 18 17.8%

TOTAL 101 100%

INTERPRETATION

From the above table it is observed that out of 101 respondents, 82.2% are in Urban and
17.8% are in Rural.

Hence, the location of business of most of the respondents are Urban.

37
 CHART 4.1.10

CHART SHOWING THE LOCATION OF BUSINESS OF THE RESPONDENTS

38
 TABLE 4.1.11

TABLE SHOWING THE EXPERIENCE IN BUSINESS OF THE RESPONDENTS

FACTORS NO. OF RESPONDENTS PERCENTAGE

UP TO 5 YEARS 32 31.7%

6-10 YEARS 45 44.6%

ABOVE 10 YEARS 24 23.8%

TOTAL 101 100%

INTERPRETATION

From the above table it is observed that out of 101 respondents, 31.7% have experience up
to 5 years, 44.6% have experience for 6-10 years and 23.8% have experience for more than
10 years.

Hence, the experience in business of most of the respondents are Up to 6-10 years.

39
 CHART 4.1.11

CHART SHOWING THE EXPERIENCE IN BUSINESS OF THE RESPONDENTS

40
 TABLE 4.1.12

TABLE SHOWING THE FIRST-GENERATION ENTREPRENEURS IN THE

FAMILY OF THE RESPONDENTS

FACTORS NO. OF RESPONDENTS PERCENTAGE

YES 73 72.3%

NO 28 27.7%

TOTAL 101 100%

INTERPRETATION

From the above table it is observed that out of 101 respondents, 72.3% are the First-
generation Entrepreneurs in their family and 27.7% are Not the First-generation
Entrepreneurs in their family.

Hence, most of the respondents Are First-generation entrepreneurs in the family.

41
 CHART 4.1.12

CHART SHOWING THE FIRST-GENERATION ENTREPRENEURS IN THE

FAMILY OF THE RESPONDENTS

42
 TABLE 4.1.13

TABLE SHOWING THE INITIAL INVESTMENT IN BUSINESS OF THE

RESPONDENTS

FACTORS NO. OF RESPONDENTS PERCENTAGE

UP TO 100000 37 36.6%

100000-500000 44 43.6%

ABOVE 500000 20 19.8%

TOTAL 101 100%

INTERPRETATION

From the above table it is observed that out of 101 respondents, 36.6% have invested up
to 100000, 43.6% have invested around 100000-500000 and 19.8% have invested above
500000.

Hence, the initial investment made by most of the respondents are 100000-500000.

43
 CHART 4.1.13

CHART SHOWING THE INITIAL INVESTMENT IN BUSINESS OF THE

RESPONDENTS

44
 TABLE 4.1.14

TABLE SHOWING THE WORKING CAPITAL OF THE RESPONDENTS

FACTORS NO. OF RESPONDENTS PERCENTAGE

UP TO 10000 43 42.6%

10000-20000 39 38.6%

ABOVE 20000 19 18.8%

TOTAL 101 100%

INTERPRETATION

From the above table it is observed that out of 101 respondents, 42.6% of
entrepreneurs working capital ranges up to 10000, 38.6% is 10000-20000 and 18.8% ranges
above 20000.

Hence, the working capital of most of the respondents are Up to 10000.

45
 CHART 4.1.14

CHART SHOWING THE WORKING CAPITAL OF THE RESPONDENTS

46
 TABLE 4.1.15

TABLE SHOWING THE SOURCE OF CAPITAL OF THE RESPONDENTS

FACTORS NO. OF RESPONDENTS PERCENTAGE

OWN SAVINGS 68 67.3%

AVAILED LOAN 33 32.7%

TOTAL 101 100%

INTERPRETATION

From the above table is it is observed that out of 101 respondents, 67.3% source of
capital was their Own Savings and 32.7% have Availed Loan.

Hence, the source of capital for most of the respondents are Own savings.

47
 CHART 4.1.15

CHART SHOWING THE SOURCE OF CAPITAL OF THE RESPONDENTS

48
 TABLE 4.1.16

TABLE SHOWING THE AWARENESS OF SCHEMES PROVIDED BY

GOVERNEMNT FOR ENTREPRENEURS

FACTORS NO. OF RESPONDENTS PERCENTAGE

YES 67 66.3%

NO 21 20.8%

MAYBE 13 12.9%

TOTAL 101 100%

INTERPRETATION

From the above table it is observed that out of 101 respondents, 66.3% are Aware,
20.8% are Not Aware and 12.9% Maybe Aware about the schemes.

Hence, the majority of the respondents Are Aware about the schemes provided by the
Government for Entrepreneurs.

49
 CHART 4.1.16

CHART SHOWING THE AWARENESS OF SCHEMES PROVIDED BY

GOVERNEMNT FOR ENTREPRENEURS

50
 TABLE 4.1.17

TABLE SHOWING WHETHER THE RESPONDENTS HEARD OR KNOW

ANYONE WHO HAVE APPLIED FOR GOVERNMENT SCHEMES

FACTORS NO. OF RESPONDENTS PERCENTAGE

YES 27 26.7%

NO 56 55.4%

MAYBE 18 17.8%

TOTAL 101 100%

INTERPRETATION

From the above table it is observed that out of 101 respondents, 26.7% know people
who have applied for government schemes, 55.4% do not know anyone who have applied and
17.8% may know people who have applied.

Hence, most of the respondents have Not heard or know anyone who have applied for
government schemes.

51
 CHART 4.1.17

CHART SHOWING WHEHTER THE RESPONDENTS HEARD OR KNOW

ANYONE WHO HAVE APPLIED FOR GOVERNMENT SCHEMES

52
 4.1.19 AWARENESS OF SPECIFIED SCHEMES

TABLE 4.1.18.1

TABLE SHOWING THE AWARENESS OF ASPIRE SCHEME

FACTORS NO. OF RESPONDENTS PERCENTAGE

HIGHLY AWARE 8 7.9%

AWARE 40 39.6%

NOT AWARE 53 52.5%

TOTAL 101 100%

INTERPRETATION

From the above it is observed that out of 101 respondents 7.9% are Highly aware, 39.6%
are Aware and 52.5% are Not aware.

Hence, most of the respondents are Not aware about the ASPIRE scheme.

53
 CHART 4.1.18.1

CHART SHOWING THE AWARENESS OF THE ASPIRE SCHEME

54
 TABLE 4.1.18.2

TABLE SHOWING THE AWARENESS OF PRADHAN MANTRI MUDRA YOJANA

SCHEME

FACTORS NO. OF RESPONDENTS PERCENTAGE

HIGHLY AWARE 28 27.7%

AWARE 53 52.5%

NOT AWARE 20 19.8%

TOTAL 101 100%

INTERPRETATION

From the above table it is observed that out of 101 respondents 27.7% are Highly aware,
52.5% are Aware and 19.8% are Not aware.

Hence, the majority of the respondents are Aware about the Pradhan Mantri Mudra Yojana
scheme.

55
 CHART 4.1.18.2

CHART SHOWING THE AWARENESS OF PRADHAN MANTRI MUDRA

YOJANA SCHEME

56
 TABLE 4.1.18.3

TABLE SHOWING THE AWARENESS OF ZERO DEFECT ZERO EFFECT

SCHEME

FACTORS NO. OF RESPONDENTS PERCENTAGE

HIGHLY AWARE 18 17.8%

AWARE 42 41.6%
NOT AWARE 41 40.6%

TOTAL 101 100%

INTERPRETATION

From the above table it is observed that out of 101 respondents 17.8% are Highly
aware, 41.6% are Aware and 40.6% are Not aware.

Hence, majority of the respondents are Aware of Zero Defect Zero Effect scheme.

57
 CHART 4.1.18.3

CHART SHOWING THE AWARENESS OF ZERO DEFECT ZERO EFFECT

SCHEME

58
 TABLE 4.1.18.4

TABLE SHOWING THE AWARENESS OF WOMEN ENTERPRISE

DEVELOPMENT SCHEME

FACTORS NO. OF RESPONDENTS PERCENTAGE

HIGHLY AWARE 22 21.8%

AWARE 54 53.5%

NOT AWARE 25 24.8%

TOTAL 101 100%

INTERPRETATION

From the above table it is observed that out of 101 respondents 21.8% are Highly
aware, 53.5% are Aware and 24.8% are Not aware.

Hence, the majority of the respondents are Aware about the Women Enterprise Development
scheme.

59
 CHART 4.1.18.4

CHART SHOWING THE AWARENESS OF WOMEN ENTERPRISE

DEVELOPMENT SCHEME

60
 TABLE 4.1.18.5

TABLE SHOWING THE AWARENESS OF ANNAPURNA SCHEME

FACTORS NO. OF RESPONDENTS PERCENTAGE

HIGHLY AWARE 24 23.8%

AWARE 44 43.6%

NOT AWARE 33 32.7%

TOTAL 101 100%

INTERPRETATION

From the above table it is observed that out of 101 respondents 23.8% are Highly
aware, 43.6% are Aware and 32.7% are Not aware.

Hence, the majority of the respondents are Aware of Annapurna Scheme.

61
 CHART 4.1.18.5

CHART SHOWING THE AWARENESS OF ANNAPURNA SCHEME

62
 TABLE 4.1.18.6

TABLE SHOWING THE AWARENESS OF MUDRA YOJANA SCHEME FOR

WOMEN

FACTORS NO. OF RESPONDENTS PERCENTAGE

HIGHLY AWARE 24 23.8%

AWARE 45 44.6%

NOT AWARE 32 31.7%

TOTAL 101 100%

INTERPRETATION

From the above table it is observed that out of 101 respondents 23.8% are Highly
aware, 44.6% are Aware and 31.7% are Not aware.

Hence, majority of the respondents are Aware of Mudra Yojana Scheme for Women.

63
 CHART 4.1.18.6

CHART SHOWING THE AWARENESS OF MUDRA YOJANA SCHEME FOR

WOMEN

64
 TABLE 4.1.18.7

TABLE SHOWING THE AWARENESS OF VENTURE CAPITALIST ASSISTANCE

SCHEME

FACTORS NO. OF RESPONDENTS PERCENTAGE

HIGHLY AWARE 18 17.8%

AWARE 55 54.5%

NOT AWARE 28 27.7%

TOTAL 101 100%

INTERPRETATION

From the above table it is observed that out of 101 respondents 17.8% are Highly
aware, 54.5% are Aware and 27.7% are Not aware.

Hence, majority of the respondents are Aware of Venture Capitalist Assistance Scheme.

65
 CHART 4.1.18.7

CHART SHOWING THE AWARENESS OF VENTURE CAPITALIST ASSISTANCE

SCHEME

66
 TABLE 4.1.18.8

TABLE SHOWING THE AWARENESS OF CREDIT GUARANTEE

FACTORS NO. OF RESPONDENTS PERCENTAGE

HIGHLY AWARE 9 8.9%

AWARE 47 46.5%

NOT AWARE 45 44.6%

TOTAL 101 100%

INTERPRETATION

From the above table it is observed that 8.9% are Highly aware, 46.5% are Aware and
44.6% are Not aware.

Hence, majority of the respondents are Aware of Credit Guarantee.

67
 CHART 4.1.18.8

CHART SHOWING THE AWARENESS OF CREDIT GUARANTEE

68
 TABLE 4.1.19

TABLE SHOWING THE RESPONDENT’S WILLINGNESS TO APPLY FOR

GOVERNMENT SCHEMES IN THE FUTURE

FACTORS NO. OF RESPONDENTS PERCENTAGE

YES 46 45.5%

NO 13 12.9%

MAYBE 42 41.6%

TOTAL 101 100%

INTERPRETATION

From the above table it is observed that out of 101 respondents, 45.5% are willing to
apply for schemes in the future, 12.9% are not willing to apply and 41.6% may apply.

Hence, most of the respondents are Willing to Apply for government schemes in the future.

69
 CHART 4.1.19

CHART SHOWING THE RESPONDENT’S WILLINGNESS TO APPLY FOR

GOVERNMENT SCHEMES IN THE FUTURE

70
 4.2 ONE WAY ANOVA

RELATIONSHIP BETWEEN EDUCATIONAL QUALIFICATION AND

AWARENESS OF SCHEMES PROVIDED BY INDIAN GOVERNEMENT FOR
ENTREPRENEURS

AIM

To find the significance relationship between the educational qualification of the

respondents and awareness of schemes provided by Indian government for entrepreneurs.

NULL HYPOTHESIS (H0)

There is no significant relationship between the educational qualification of the

respondents and awareness of schemes provided by Indian government for entrepreneurs.

ALTERNATIVE HYPOTHESIS (H1)

There is significant relationship between the educational qualification of the

respondents and awareness of schemes provided by Indian government for entrepreneurs.

71
 RELATIONSHIP BETWEEN EDUCATIONAL QUALIFICATION AND
AWARENESS OF SCHEMES PROVIDED BY INDIAN GOVERNEMENT FOR
ENTREPRENEURS

ANOVA
educational qualification
Sum of Mean
Squares df Square F Sig.
Between
2.658 2 1.329 1.277 .283
Groups
Within Groups 101.975 98 1.041
Total 104.634 100

INTERPRETATION

It is interpreted that at 5% level of significance, the calculated value (0.283) which is

greater than the value (0.05).
Therefore, there is no relationship between the educational qualification of the
respondents and awareness of schemes provided by Indian government for entrepreneurs.
Hence, alternative hypothesis is rejected and null hypothesis is accepted.

72
 4.3 CHI SQUARE TEST

RELATIONSHIP BETWEEN NATURE OF BUSINESS AND WILLINGNESS TO

APPLY FOR GOVERNMENT SCHEMES

AIM

To study the relationship between nature of business and willingness to apply for
government schemes in the future.

NULL HYPOTHESIS (H0)

There is no significant relationship between nature of business and willingness to apply

for government schemes in the future.

ALTERNATE HYPOTHESIS (H1)

There is a significant relationship between nature of business and willingness to apply

for government schemes in the future.

73
 Chi-Square Tests
Asymp. Sig. (2-
Value df sided)
Pearson Chi-Square 4.423a 4 .352
Likelihood Ratio 6.698 4 .153
Linear-by-Linear Association .085 1 .771
N of Valid Cases 101
a. 2 cells (22.2%) have expected count less than 5. The minimum expected count is
2.45.

INTERPRETATION

It is interpretated that at 5% level of significance, the calculated value (.352) which is

lesser than the table value (9.49). There is no significant relationship between nature of
business and willingness to apply for government schemes in the future.

Hence, alternative hypothesis is rejected and null hypothesis is accepted.

1.4 FRIEDMAN RANKING

74
 TABLE SHOWING THE LEVEL OF AWARENESS OF THE SCHEMES

SCHEMES MEAN RANK RANK

ASPIRE 5.42 8

Pradhan Mantri Mudra Yojana Scheme 3.71 1

Zero Defect Zero Effect 4.80 6

Women Enterprise Development Scheme

4.11 2
Annapurna Scheme 4.30 4
Mudra Yojana Scheme for Women
4.28 3

Venture Capitalist Assistance Scheme for

Women 4.31 5
Credit Guarantee 5.08 7

INTERPRETATION

From the above table it is observed that Pradhan Mantri Mudra Yojana Scheme has
been ranked highest and Credit Guarantee has been ranked lowest according to the Level of
Awareness of the Schemes.

Hence, majority of the respondents have Ranked 1 for Pradhan Mantri Mudra Yojana
Scheme for their level of awareness of the schemes.

CHAPTER V

75
 RESULT AND DISCUSSION

5.1 FINDINGS

 PERCENTAGE ANALYSIS
 The age of majority (64.4%) of the respondents are around 20-24.
 The gender of majority (67.3%) of the respondents is Male.
 The annual income of majority (37.6%) of the respondents are above 100000.
 The area of residence of majority (82.2%) the respondents are Urban.
 The educational qualification of majority (51.5%) of the respondents are
Undergraduate.
 The type of family of majority (68.3%) of the respondents are Nuclear.
 The status in family of majority (86.1%) of the respondents is .
 The monthly family expenditure of majority (45.5%) of the respondents are Above
30000.
 The nature of business of majority (47.5%) of the respondents is Production.
 The location of business of majority (82.2%) of the respondents are Urban.
 The experience in business of majority (44.6%) of the respondents are Up to 6-10
years.
 Majority (72.3%) of the respondents are First-generation entrepreneurs in the
family.
 The initial investment made by majority (43.6%) of the respondents are 100000-
500000.
 The working capital of majority (42.6%) of the respondents are Up to 10000.
 The source of capital for majority (67.3%) of the respondents is Own savings.
 Majority (66.3%) of the respondents Are Aware about the schemes provided by the
Government for Entrepreneurs.
 Majority (55.4%) of the respondents have Not heard or know anyone who have
applied for those schemes.
 Majority (52.5%) of the respondents are Not Aware of ASPIRE scheme.

 Majority of the respondents are Aware of Pradhan Mantri Mudra Yojana scheme
(52.5%), Zero Defect Zero Effect scheme (41.6%), Women Enterprise

76
 Development scheme (52.5%), Annapurna Scheme (43.6%), Mudra Yojana Scheme
for Women (44.6%), Venture Capitalist Assistance Scheme (54.5%), and Credit
Guarantee (46.5%).
 Majority (45.5%) of the respondents are Willing to Apply for these schemes in the
future.

 ANOVA
There is no relationship between the educational qualification of the respondents and
awareness of schemes provided by Indian government for entrepreneurs. Hence,
alternative hypothesis is rejected and null hypothesis is accepted.

 CHI- SQUARE TEST

There is no significant relationship between nature of business and willingness to
apply for such schemes in the future. Hence, alternative hypothesis is rejected and
null hypothesis is accepted.

 FRIEDMAN RANKING
Hence, majority of the respondents have Ranked 1 for Pradhan Mantri Mudra Yojana
Scheme for their level of awareness of the schemes.

77
 5.2 SUGGESTIONS

Government should take responsibility to reach out to the entrepreneurs through social
media, public campaigns, the local chambers of commerce etc. Educational institutions in
each district should join hands with the Government to create awareness of entrepreneurship
schemes. Similarly, several club members should also extend necessary assistance to
Government for promoting awareness of entrepreneurship schemes among entrepreneurs.
Banks in each district should prominently display various entrepreneur schemes promoted by
the Government at their branches.

78
 5.3 CONCLUSION

The study reveals that entrepreneurs are aware of Pradhan Mantri Mudra Yojana
Scheme to start and supports development of micro enterprise sector. They are also aware of
Mudra Yojana Scheme for Women, Annapurna Scheme, Venture Capitalist Assistance
scheme, etc. In spite of the Government initiatives, only a few entrepreneurs are benefited. To
increase the number of beneficiaries, the state Government has to adopt a constant monitoring
system. Further, educational institutions and social clubs should extend necessary support to
Government officials for creating awareness among women entrepreneurs.

79
 CHAPTER VI

BIBILIOGRAPHY

WEBSITES

https://www.ijrpr.com/uploads/V2ISSUE2/IJRPR179.pdf

https://springhouse.in/government-schemes-every-entrepreneur/

https://dcmsme.gov.in/CLCS_TUS_Scheme/Credit_Guarantee_Scheme/
Scheme_Guidelines.aspx

http://sfacindia.com/VCA_Scheme.aspx

https://yourstory.com/smbstory/msme-business-loans-mudra-yojna-scheme-women-
entrepreneurs

https://www.indiafilings.com/learn/nedfi-women-enterprise-development-scheme/

https://www.lexology.com/library/detail.aspx?g=2de1e85c-f0c3-4f08-9be8-0727c0a43652

BOOKS AND JOURNALS

 Bala Subrahmanya, M.H (2012, May1). Small industry and globalisation –

Implications, performance and prospects. Economic and Political Weekly, 324-352.
 Kulkarni, P. R (2012). A new deal for small and medium enterprises in India. The
ICFAI Journal of Entrepreneurship Development, 5(1), 18-26.
 Amue, G. J., Igwe, S., & Abiye, H. (2014). Ict entrepreneurship and small business
innovation: a mechanism for sustainability. European Journal of Business and Social
Sciences, 3(6).
 Bhat, S. A., & Khan, R. A. (2014). Government Policy Ecosystem for
Entrepreneurship Development in MSEs Sector. Munich Personal RePEc Archive,
(54540).

80
 CHAPTER VII

ANNEXURE

1. Age
 20-25
 25-30
 Above 30

2. Gender
 Male
 Female

3. Annual income
 Below 50000
 50000-100000
 Above 100000

4. Area of Residence
 Urban
 Rural

5. Educational Qualification
 Higher Secondary
 Under Graduate
 Diploma
 Post Graduate

6. Type of Family
 Nuclear
 Joint Family

7. Status in Family
 Head
 Member

8. Monthly Family Expenditure

 15000
 15000-30000

81
 Above 30000

9. Nature of Business
 Production
 Trading
 Service

10. Location of Business

 Urban
 Rural

11.   Experience in Business

 Up to 5 years
 6 - 10 years
 Above 10 years

12. Are you the first-generation entrepreneurs in your family?

 Yes
 No

13. What was the initial investment?

 Up to 100000
 100000-500000
 Above 500000

14. Amount of working capital

 Up to 10000
 10000-20000
 Above 20000

15.   What was the source of capital

 Own savings
 Availed loan

16. Are you aware about various schemes provided by Government for entrepreneurs?
 Yes
 No
 Maybe
17. Have you heard or know anyone who have applied for those schemes?
 Yes
 No

82
 Maybe

18. Are you aware of the schemes mentioned below?

o Highly aware
o Aware
o Not Aware
 ASPIRE
 Pradhan Mantri Mudra Yojana
 Zero Defect Zero Effect scheme
 Women Enterprise Development scheme
 Anupama scheme
 Mudra Yojana Scheme for Women
 Venture Capitalist Assistance scheme
 Credit Guarantee

19. In future will you be applying for such schemes?

 Yes
 No
 Maybe

83