A Study of Entrepreneurial Culture of Entrepreneurs in Informal Sector (With Special Reference to Erode District, of Tamil Nadu)

Abstract

Entrepreneurship has gained huge prominence in recent years. Entrepreneurs contribute significantly to the gross domestic product and they are now venturing up in setting up new informal businesses. Informal or unorganized sector workers dominate the Indian labor market and represent some 90% of the total Indian workforce. Credit is available for them through a plethora of schemes but there are still bottlenecks and gaps. Erode district is known for the Agriculture as its blessed with rich water resources. For the past few years many agriculture allied activities have mushroomed leading to sea change in the way entrepreneurship is being carried out. This paper attempts to study the entrepreneurial culture of Informal sector in Erode district.