A Study On Socio-Economic Impact Of Entrepreneurship In Kanyakumari District

Abstract

Entrepreneurship plays a significant role in promoting socio-economic development in both rural and urban areas. The present study titled “A Study on Socio-Economic Impact of Entrepreneurship in Kanyakumari District” examines how entrepreneurial activities influence the economic and social conditions of entrepreneurs in the district. Entrepreneurship contributes to employment generation, income improvement, poverty reduction, and overall regional development. Small and micro enterprises are often considered the backbone of economic growth because they create job opportunities and promote local industrial development with relatively low investment.  The study is based on primary data collected from entrepreneurs in Kanyakumari District through a structured interview schedule. The findings of the study indicate that entrepreneurship has significantly improved the economic condition of entrepreneurs by increasing income, employment opportunities, and business expansion. It also enhances social status, financial independence, and decision-making ability among entrepreneurs. The study concludes that entrepreneurship acts as a catalyst for socio-economic development in Kanyakumari District. It recommends that government agencies and financial institutions should provide adequate training, financial assistance, and policy support to encourage more individuals to engage in entrepreneurial activities and thereby strengthen regional economic development.