Role of DIC in Achieving Sustainable Global Economy with Referance to MSMEs at Chittoor District Region

P.REVATHI; M.V.DHARANI; K.KANTHIMATHI

Volume : IV, Issue : IV, April - 2014

Role of DIC in Achieving Sustainable Global Economy with Referance to MSMEs at Chittoor District Region

P. Revathi, M. V. Dharani, K. Kanthimathi

Abstract :

Previous economic studies relating to enterprises have tended to focus on large enterprises utilizing scale economies; micro, small and medium sized enterprises (MSMEs) have only just emerged as a field of study in its own right, as a result of the innovations and the solution they provide to different economic problems, particularly in terms of employment. There is a sort of consensus on the importance and key roles these enterprises play in different economies.

While it has been argued that a small firm, because of its size, can only make a minor contribution to the economy, as there are so many small firms their collective contribution is substantial.

The present study relates to the role of DIC in achieving sustainable global economy with reference to MSMEs at Chittoor district region. The study is empirical in nature. The main objectives of the study are, to know the supporting facilities provided

by DIC, to know the scope of MSMEs, to know the factors influencing MSMEs establishments, and to know the benefits

at Individual, Societal, and National level. The primary data has been gathered by distributing structured questionnaire to 54 respondents (owners of the firms). Likert’s five-point scale has been used. The respondents were picked randomly by using convenience sampling method. The data was analysed by applying statistical tools like simple percentage, weighted average and chi-square techniques.