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Small and Micro Enterprises: A tool in the fight against poverty

Author

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  • Koshy, Perumal
  • Prasad, V.N

Abstract

The present paper makes an attempt to analyze the role and contribution that Small and Micro Enterprises (SMEs) could play in eradicating poverty and attaining Millennium Development Goals. International approach to poverty eradication is largely based upon poverty eradication through economic empowerment, besides social programmes. It is well-accepted fact that poverty removal and employment generation largely depends upon economic empowerment. Eradication of poverty is a complex issue as the development of SME itself and requires multi-pronged strategy and actions involving both macro and micro policy initiatives. MSMEs have been identified as a high potential sector for employment generation and provision of livelihood to millions of people in several countries. This is echoed by specific programmes instituted by agencies such as International Labour Organisation (ILO) and United States Agency for International Development (USAID), UNCTAD etc. The paper attempts to analyze the experiences of some countries in addressing the issue of poverty and suggest measures that can be taken by India to enhance contribution of SMEs to poverty

Suggested Citation

  • Koshy, Perumal & Prasad, V.N, 2007. "Small and Micro Enterprises: A tool in the fight against poverty," MPRA Paper 22827, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:22827
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    File URL: https://mpra.ub.uni-muenchen.de/22827/1/MPRA_paper_22827.pdf
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    Citations

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    Cited by:

    1. Koshy, Perumal, 2019. "Integration into formal enterprise space: Challenges and opportunities for informal sector entrepreneurs," MPRA Paper 95346, University Library of Munich, Germany.
    2. Koshy, Perumal, 2010. "Role of rural business incubators in translating micro finance to sustainable micro enterprises," MPRA Paper 27381, University Library of Munich, Germany.
    3. Jairaj Gupta & Andros Gregoriou & Jerome Healy, 2015. "Forecasting bankruptcy for SMEs using hazard function: To what extent does size matter?," Review of Quantitative Finance and Accounting, Springer, vol. 45(4), pages 845-869, November.

    More about this item

    Keywords

    Small and Micro Enterprises(SMEs); Poverty; Enterprise Oriented Stratgey; Employment generation;
    All these keywords.

    JEL classification:

    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy

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