Abstract
Services sector in India has been growing very fast: its contribution to GDP is nearly 60 per cent, and its contribution to employment generation is substantial. The Micro, Small and Medium Enterprises Development Act, 2006 has divided the enterprises based on investment in machinery or equipment. Micro enterprises are further divided into manufacturing and service enterprises. Micro service enterprises have investment limit up to Rs. 10 lakh on equipment. Hair-dressing enterprise comes under the personal services category. These enterprises use certain equipment. They need investment on equipment which is usually not more than Rs. 10 lakh. Hence, they can be considered as micro service enterprises. The present study attempts to find out, with the help of empirical data, the investment made in hair-dressing saloons, working capital requirements, nature of employment, sources of capital, socio-economic background of the entrepreneurs, performance and growth of the enterprise and the problems faced. Based on the findings of the study, an attempt is made to suggest some policy measures to solve the problems faced by the entrepreneurs.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: SEDME (Small Enterprises Development, Management & Extension Journal): A worldwide window on MSME Studies
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
