An Analysis of Trend and Pattern of Select Self-Employment Loan Scheme

Abstract

Introduction: MSME sector plays an important role of economic development in developing nations. The economy comes to a standstill if there is no enormous contributions by MSME in the form of manufacturing, exports, employment opportunities, thereby leading to weakening the empowerment of youth in rural and urban areas. The growth of entrepreneurship leads to a solid foundation in large part to the expansion of the enterprise sector thereby acting as a key indicator of economic development. Besides implementing new ideas, raising capital for the new start up financial need is one of the biggest hurdles.  

Objectives: The broad objective of this research paper is to study the trend and pattern of select self-employment loan.

Methods: The research study is based on secondary data. The research paper focuses on the beneficiaries of various select self-employment loan schemes. The secondary data was sourced from the government agencies. The area of study is in the state of Goa. Trend analysis, Multiple co- relation are the statistical tools used. The research study covers beneficiaries from F.Y 2009 – F.Y 2020.

Results: Overall, there was a significant decrease in trend in selection of self-employment loan schemes financing entrepreneurs during 2009 – 2020.  The trend of select self-employment schemes financing entrepreneurs during 2009 to 2020 in the four schemes is different in different trend patterns and found to be significant. Overall, some improvement in loan disbursed during 2009 to 2020. For type of scheme, district, sector showed difference in trend of schemes loan disbursed.

Conclusions: The Government agencies have successfully encouraged entrepreneurs to facilitate their diverse finance need by their needs. According to the findings of the study it can be evidently observed that there is a significant decrease in trend in selection of self-employment loan schemes financing entrepreneurs during 2009 – 2020.