Volume: 19 Issue-01 (January-June) 2024

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FACTORS CONTRIBUTING TO THE PROGRESS OF MSMES IN UTTARAKHAND STATE, INDIA: A PRINCIPAL COMPONENT ANALYSIS

ABSTRACT

The present paper is an attempt in understanding the factors contributing to the progress of MSMEs in Uttarakhand state, India. The instrument has been tested using and is valid reliable using cronbach alpha coefficient greater than 0.7. The respondents were surveyed using questionnaire. The data has been collected from 500 respondents of kumaon and Garhwal regions of Uttarakhand, India from owners or working people in MSMEs. The data has been collected by visiting the MSMEs site or through internet. Participants were mainly male (n=433, 86.6%) while the rest being female (n=67, 13.4%). The sample was taken using convenience sampling. The data analysis technique used is principle component analysis through SPSS 21 as statistical tool. Results show that economic factors, Institutional factors and Technological factors were the principle factors contributing to the progress of MSMEs in Uttarakhand, India.

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