Entrepreneurship and Governmental Support – A Review on Msmes and Other Government Initiatives

Abstract

It is broadly understood that an Entrepreneurial venture is carried on to make higher financial benefit by starting or running businesses while taking the financial risks simultaneously. However it is equally true that entrepreneurs contribute significantly to employment generation, innovation, exports, and inclusive growth of the economy. The challenges faced for establishing a successful entrepreneurial venture is multifold . While there may be factors intrinsic to the entrepreneur and the venture itself, this article deals with a prime external factor, i.e., Governmental support, extended in our country for encouraging and enabling the entrepreneurship and the flagship programmes by the Government in this venture, Support to MSMEs, Make in India Programme, Startup India Programme.