ISO 9001:2015

PRESENT SCENARIO OF CLOSED MICRO SMALL ENTERPRISE IN DARJEELING DISTRICT, WEST BENGAL

Although Micro and Small Enterprises (MSEs) have many challenges to overcome in order to become successful as a crucial element of Indian economy. The government has taken many initiatives time to time, to ensure the growth of the entrepreneurs. Therefore, to keep their growth going on the right track, it is best to focus on formulating policies that support MSEs, like a favourable operational environment, the improvement of the appropriate infrastructure, the guarantee of peace and security, adequate financing, better and effective management and the implementation of modern technologies. In view of the contribution of MSEs to all aspects of economic progress, considerable attention should therefore be paid to this sector. The pandemic had wreaked havoc on MSEs, who have already seen several global shocks in recent years. Business surveys have shown that almost 95% of businesses were negatively impacted by the March 2020 national lockdown. The re-opening of the MSEs closed units is at the heart of achieving development goals and inclusive economic growth. India has good economic potential for MSEs by encouraging and motivating young entrepreneurs. There needs to be more awareness, especially in the rural parts of the Darjeeling district. The government should highlight all kinds of facilities for the reopening of closed units and encourage young entrepreneurs to consider opportunities for MSEs in the near future. The purpose of this study is to identify the challenges of re-opening closed micro and small business units in the Darjeeling district of West Bengal. The study is carried out with primary as well as secondary data. SPSS helps to analyze the regression model to verify the level of significance among dependent and independent variables and to determine the factors impacted for closed units. The study finds that the majority of the micro and small units were closed during the covid 19 era due to financial and various other issues. More awareness is required for the entrepreneur, particularly from rural and backward areas and Govt. should take initiatives to protect the sick MSEs.

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Keywords: Infrastructure, MSEs, Lockdown, Entrepreneurs, Challenges to Re-open.


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