Keywords
Formalization
Logistic Regression
Haryana
Udyam Registration
JEL Classification
L26
O17
C25
R11
How to Cite
Abstract
Through the study of Haryana, the analysis differences in the structure and financing of registered and unregistered MSMEs using secondary data from Udyam, NSS, and PLFS sources further expounded. Capital, employment, access to credit, and location were highlighted as the primary determinants of the enterprises’ formalization through the binary logistic regression model employed by the study. The findings call for the integration of both financial aids and policy adjustments that would cater to the registration of MSMEs and promote the establishment of environmentally friendly industries in Haryana.
References
1. Banga, R., and P. K. Sahu. 2022. “Informality, Credit Access and Productivity of MSMEs in India.” Economic and Political Weekly 57 (48): 56–64.
2. Bank of India (SIDBI). 2023. MSME Pulse Report. Mumbai: TransUnion CIBIL and Small Industries Development Bank of India.
3. Charkha, R., and M. Shah. 2021. “Evaluating MSMEs’ Efficiency and Their Role in Entrepreneurship Development.” Based on Ministry of MSME Annual Report 2014–15 data.
4. Chattopadhyay, A. 2021. “Determinants of Formalization among Small Enterprises in India: A Logistic Regression Approach.” Journal of Development Policy and Practice 6 (3): 331–49.
5. Directorate of MSME, Haryana. 2019. Haryana MSME Policy 2019. Chandigarh: Government of Haryana. https://haryana.gov.in.
6. Government of Haryana. 2015. Haryana Enterprise Promotion Policy 2015. Chandigarh: Industries and Commerce Department.
7. International Finance Corporation (IFC). 2021. Micro, Small and Medium Enterprises in India: Finance Gap Assessment. Washington, DC: World Bank Group.
8. Kumar, A., and M. Sharma. 2023. “Evaluating the Impact of Udyam Registration on MSME Performance.” Indian Journal of Economics and Development 19 (1): 72–85.
9. Mari Selvam, M. 2021. “Performance of MSME Sectors in Rural and Urban India.” International Journal of Research in Economics and Social Sciences 11 (3): 45–53.
10. Meenu, D. 2014. “Problems and Prospects of Small-Scale Industries in Haryana.” Journal of Business and Management Research 9 (2): 30–39.
11. Ministry of Micro, Small and Medium Enterprises. 2024. Annual Report 2023–24. New Delhi: Government of India. https://msme.gov.in.
12. National Sample Survey Office. 2017. 73rd Round Report on Unincorporated Non-Agricultural Enterprises (2015–16). New Delhi: Ministry of Statistics and Programme Implementation.
13. NITI Aayog. 2021. State-Level Analysis of MSME Competitiveness in India. New Delhi: Government of India.
14. Periodic Labour Force Survey (PLFS). 2023. Annual Report 2022–23. New Delhi: Ministry of Statistics and Programme Implementation.
15. Reserve Bank of India. 2022. Report on Trends and Progress of Banking in India 2021–22. Mumbai: Reserve Bank of India.
16. Singh, P., and R. Kaur. 2020. “Growth and Performance of Micro, Small and Medium Enterprises in Haryana.” International Journal of Management Studies 7 (2): 45–57.
17. Sonia, and R. Kansai. 2009. “Globalization and Its Impact on MSMEs: A Comparative Analysis of Pre- and Post-Reform Periods.” Indian Journal of Economics and Business 8 (1): 57–70.
18. Thiripurasundari, K., and V. Gurumurthy. 2009. “Challenges of MSMEs in the Era of Globalization.” Journal of Contemporary Research in Management 4 (2): 1–10.
19. Udyam Registration Portal. 2023. State-wise MSME Registration Statistics. New Delhi: Ministry of Micro, Small and Medium Enterprises. https://udyamregistration.gov.in.
20. World Bank. 2020. Improving Access to Finance for MSMEs in India. Washington, DC: World Bank.
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.