Growth and Development of Entrepreneurship: A Study of Self Help Groups in Mizoram State of India

Abstract-Entrepreneurs play an important role in the development of a nation. Entrepreneurship helps improve the per capita income of a country by generating new job opportunities. It plays a significant role in increasing Gross National Product. As the GNP grows, the per capita income (PCI) also rises, leading to enhanced economic well-being for the population. Entrepreneurs in the rural parts of India are vital for checking the rate of migration of people to bigger towns and cities as they create opportunities for the rural communities. This study focus on the various factors influencing the growth and development of entrepreneurship by studying the self-help groups within Kolasib district of Mizoram state, India. The study analyse primary and secondary data collected from the respondents through structured questionnaire and personal interview. It adopts statistical tools like correlations, reliability test and factor analysis to find out the factors responsible for bringing this positive changes. The study found that these factors can be classified into three categories –internal support, eternal support and personal traits. The study also suggests the government to disclose various central and state schemes for the greater development of entrepreneurship within the state.