IJSSER

Title: SMALL SCALE ENTERPRISES AND THEIR CONTRIBUTION TO ECONOMIC GROWTH
Authors: Maneesha V.
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Maneesha V. Ambedkar College of Arts and Science, Wandoor, Kerala
MLA 8 V., Maneesha,. "SMALL SCALE ENTERPRISES AND THEIR CONTRIBUTION TO ECONOMIC GROWTH." Int. j. of Social Science and Economic Research, vol. 5, no. 12, Dec. 2020, pp. 3913-3920, doi:10.46609/IJSSER.2020.v05i12.013. Accessed Dec. 2020. APA 6 V., M. (2020, December). SMALL SCALE ENTERPRISES AND THEIR CONTRIBUTION TO ECONOMIC GROWTH. Int. j. of Social Science and Economic Research, 5(12), 3913-3920. doi:10.46609/IJSSER.2020.v05i12.013 Chicago V., Maneesha,. "SMALL SCALE ENTERPRISES AND THEIR CONTRIBUTION TO ECONOMIC GROWTH." Int. j. of Social Science and Economic Research 5, no. 12 (December 2020), 3913-3920. Accessed December, 2020. doi:10.46609/IJSSER.2020.v05i12.013.
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Abstract: Small enterprises play a big role in the growth and development of the economy of all countries. These businesses provide jobs for many, promote equitable distribution of wealth,foster inclusion, help to introduce innovative business ideas, and aid decentralization. Small businesses are especially workable for the economy of developing countries with unemployment problems because they can be started with limited capital and cheaply available raw material. They aid the larger economy of the country by retaining much of the money derived from the business in the same locality, bolstering big businesses by producing components and accessories for them, and increasing people’s purchasing power. To encourage SSEs, microcredit is offered to interested parties in many countries. Unskilled or semi-skilled people of developing countries, especially women, have benefitted immensely because of this arrangement. Significant poverty alleviation has resulted in many countries, though not in all, as a result of the growth of small scale industries. The objective of this paper is to analyse the role played by SSEs in a country’s economy and the find out to what extent they have been successful in reducing poverty.

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