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Entrepreneurship & Organization Management

ISSN: 2169-026X

Open Access

A Study on Growth of Entrepreneurship in Microfinance with Special Reference to Cuddalore District

Abstract

E. Hemavathi*

A lack of access to financial institutions also hinders the ability for entrepreneurs in countries like India to engage in neither new business ventures, inhibiting economic growth and often, the sources and consequences of entrepreneurial activities neither financially nor environmentally sustainable. This paper deals with the concept of “sustainable micro entrepreneurship” is neither formal, nor derived, but rather a development process combining the three aspects of microfinance, entrepreneurship and sustainability. It refers to the specific practice of “Social conscious-driven entrepreneurship” perpetuated by a sustainable access to credit and without bearing undesirable externalities on people or environment. Sustainable micro entrepreneurship is a small-scale, self-sustaining active development process initiated by the poor to help themselves break free from their poverty.

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