A Study on the Entrepreneurs’ Perception towards Rig Industries in Namakkal District of Tamilnadu
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Abstract
Purpose: To enhance the Rig Entrepreneurs’ perceptions, identifying the problems & prospects of Rig owners, involvement of the government in promoting Rig Entrepreneurs.
Design/Methodology/Approach: The study's main aim is to explore rig entrepreneurs' problems and prospects with particular reference to Namakkal District So; the study is a primarily descriptive one. Both primary and secondary data are used for the study.
Findings/Results: The banks' role is very minimum for the undertakings of rig venture. Therefore, the banks should take more initiative to provide loans and other rig entrepreneurs' financial support to undertake the rig business. It would encourage and facilitate many individuals who interested in the rig business to enter into this field. For the reason of many formalities to avail loan from the banks is one of the causes of the significant problem for the poor financial support to the rig entrepreneurs.
Outcome: Entrepreneurship has pulled the attention of policymakers in India. A progression of elevated level activities, including startup India, has been dispatched to promote more India entrepreneurs. However, the developing entrepreneurship in a country is a significant job for the policymakers. At the same time, the economists have perceived the strong connection between entrepreneurship and development of the economy throughout history.
Originality/Values: The research highlights the problems & prospects of Rig Entrepreneurs in Namakkal District. The government undertaken numerous changes since 1990’s to develop entrepreneurs, Reforms & investments in the rig industry have expanded worldwide. It is also used for the recovery operations in partially collapsed Himalayan highway tunnel in northern India’s Uttarakhand State.
Type of paper: Empirical study. Primary data using questionnaires were used from various sources like case study analysis; journals were used for the research work.