Authors :
Suresh Parla; Dr. G. S. Rama Krishna; Dr. P. Uma Maheswari Devi
Volume/Issue :
Volume 9 - 2024, Issue 3 - March
Google Scholar :
https://tinyurl.com/bp9t47xd
Scribd :
https://tinyurl.com/2d3wf8m5
DOI :
https://doi.org/10.5281/zenodo.10785515
Abstract :
This study investigates the key barriers
hindering the prospects of Micro, Small, and Medium
Enterprises (MSMEs) in Andhra Pradesh, with a focus on
empirical evidence from East Godavari district. Through a
comprehensive analysis of primary data collected from
MSMEs in the region, this research identifies and
examines the critical challenges faced by small businesses,
shedding light on the intricate dynamics of the local
entrepreneurial ecosystem. The findings reveal a multitude
of barriers constraining MSME growth and development,
including limited access to finance, bureaucratic hurdles,
infrastructure deficiencies, market access constraints, and
skill shortages. These barriers collectively impede MSME
competitiveness, innovation, and sustainability, posing
significant challenges to the economic vitality and
resilience of the region. The study underscores the urgency
of targeted policy interventions, institutional reforms, and
support mechanisms aimed at addressing these barriers
and fostering an enabling environment conducive to
MSME growth and prosperity in Andhra Pradesh. By
bridging the gap between empirical evidence and policy
action, this research contributes valuable insights to the
discourse on MSME development and lays the
groundwork for evidence-based policy formulation and
implementation to unleash the full potential of the MSME
sector in the region.
Keywords :
Access to Finance, Regulatory Hurdles, Market Access, Skill Shortages, and MSMEs.
This study investigates the key barriers
hindering the prospects of Micro, Small, and Medium
Enterprises (MSMEs) in Andhra Pradesh, with a focus on
empirical evidence from East Godavari district. Through a
comprehensive analysis of primary data collected from
MSMEs in the region, this research identifies and
examines the critical challenges faced by small businesses,
shedding light on the intricate dynamics of the local
entrepreneurial ecosystem. The findings reveal a multitude
of barriers constraining MSME growth and development,
including limited access to finance, bureaucratic hurdles,
infrastructure deficiencies, market access constraints, and
skill shortages. These barriers collectively impede MSME
competitiveness, innovation, and sustainability, posing
significant challenges to the economic vitality and
resilience of the region. The study underscores the urgency
of targeted policy interventions, institutional reforms, and
support mechanisms aimed at addressing these barriers
and fostering an enabling environment conducive to
MSME growth and prosperity in Andhra Pradesh. By
bridging the gap between empirical evidence and policy
action, this research contributes valuable insights to the
discourse on MSME development and lays the
groundwork for evidence-based policy formulation and
implementation to unleash the full potential of the MSME
sector in the region.
Keywords :
Access to Finance, Regulatory Hurdles, Market Access, Skill Shortages, and MSMEs.
