Top 6 Emerging States For Small Scale Business in India
India is witnessing the emergence of a few states as small businesses hubs across the country. These small and home-based businesses contribute a lot to the growth of a country’s GDP.
The Government of India also put efforts into encouraging people to create employment via small businesses and helping them with different kinds of loans and schemes to start their own business.
The Ministry of Skill Development and Entrepreneurship runs various programs to make the citizens skillful.
Below is the list of states of India which are emerging as main spots for small and home-based business. Let’s have a look at them.
Small Scale Business In Maharashtra
Maharashtra is creating abundant opportunities for small businesses in Mumbai and Pune. The Govt of Maharashtra provides several schemes and subsidies for empowering small scale entrepreneurs.
Some of the major schemes by the Government are –
- Prime Minister’s Employment Generation Programme (PMEGP)
- Seed Money Scheme (SMS)
- District Industries Centre Loan Scheme
As per the sources, Maharashtra Govt is planning to launch the Chief Minister’s Employment Generation Programme for Small and Medium Enterprises (SMEs) which will create almost 10 lakh jobs in the upcoming years.
Small Scale Business In Tamil Nadu
Small business in Tamil Nadu have increased in the past few years contributing to the growth of the state. It is one of the most urbanized state and has a larger economy than its fellow states.
Small Scale Business In Assam
Amongst the other northeastern states, Assam has managed to be the centre for growth and development of small business. Projects like (PMEGP) Prime Minister’s Employment Generation Programme and Startup Assam are creating opportunities in the state for small businesses.
Small Scale Business In Delhi
The capital of India, Delhi is also emerging as a capital for small and home-based business in India. The Government of Delhi provides numerous schemes and business-friendly policies for small and home-based entrepreneurs to establish their business without any hassles.
Small Scale Business In Goa
Goa is one of the most popular tourist spots in India which is giving rise to many business opportunities in the state.
Some of the major schemes that the Government of Goa provides are –
- Entrepreneur Development Programme (EDP)
- Entrepreneur Skill Development Programme (ESDP)
- Buyer Seller Meet (BSM)
Small Scale Business In Punjab
Punjab has the best infrastructure and transportation facilities which makes it a suitable business hub. Bakery, organic farming are some of the small business that has huge potential in Punjab.