Impact Assessment of Promotional Schemes on MSME Performance in Nagaland
DOI:
https://doi.org/10.66635/xrshmr33Keywords:
MSMEs, Promotional Schemes, Sustainable Entrepreneurship, Financial Inclusion, NagalandAbstract
This study examines the impact of promotional schemes on the performance of Micro, Small, and Medium Enterprises (MSMEs) in Nagaland, a geographically constrained region characterized by infrastructural and market limitations. The research adopts a descriptive and analytical approach to evaluate how institutional interventions and policy initiatives influence key performance indicators such as enterprise formalization, employment generation, enterprise creation, skill development, and financial inclusion. The findings reveal a significant improvement in MSME performance, with increased enterprise registrations, expansion of business units, and substantial job creation, particularly in rural and labor-intensive sectors. Training and capacity-building initiatives have enhanced entrepreneurial skills and productivity, while improved access to credit has strengthened financial inclusion and business sustainability. Despite these positive outcomes, the study identifies persistent challenges, including inadequate infrastructure, limited digital connectivity, low awareness of schemes, and weak coordination among promotional agencies, which constrain the full potential of MSMEs. The results suggest that while promotional schemes act as effective catalysts for economic growth and inclusive entrepreneurship, their long-term effectiveness depends on integrated policy implementation, improved institutional coordination, and enhanced outreach mechanisms. The study contributes to the understanding of MSME development in emerging economies by providing insights into the role of policy interventions in fostering sustainable and inclusive enterprise growth in regions facing structural and geographical challenges.
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