28, May 2025

An Analytical Study on Opportunities and Challenges faced by Entrepreneurs: With Special Reference to Haryana

VOLUME-11; ISSUE-5; MAY-2025

Author(s): Prof. Sunita Sukhija

Authors Affiliations:

Professor, Department of Business Administration, Chaudhary Devi Lal University, Sirsa-125055(Haryana) India

DOIs:10.2015/IJIRMF/202505037     |     Paper ID: IJIRMF202505037


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Entrepreneurship is a powerful tool for economic growth, social change, and the empowerment of individuals, including women and marginalized communities. The aim of this paper is to identify opportunities and challenges faced by entrepreneurs in Haryana. In the present study analytical research design has been used. In this study primary data has been collected from 157 entrepreneurs through structured questionnaire out of which 25% of women entrepreneurs are included. Factor analysis has been used to get the justifying results of opportunities and challenges of entrepreneurs in Haryana.  It has been found that major challenges faced by entrepreneurs of Haryana state are lack of knowledge, motivation and funds, lack of support from banks and families, lack of awareness about government assistance, inadequate marketing facilities/skills, unavailability of skilled workers and unavailability of securities and stiff competition. In case of opportunities of entrepreneurship and women entrepreneurs in Haryana state are tax exemption, loans and adequate training, financial support and relaxation in micro finance schemes.  Based on the study, it has been suggested to organize awareness programmes at the schools and colleges by government agencies and regulatory authorities to educate the young blood about various opportunities they can avail to start their business rather than searching for the job, so as to make them job creators not the job seekers.

Government Assistance, Financial Assistance, Skilled workers, Stiff competition

Prof. Sunita Sukhija (2025); An Analytical Study on Opportunities and Challenges faced by Entrepreneurs: With Special Reference to Haryana,  International Journal for Innovative Research in Multidisciplinary Field, ISSN(O): 2455-0620, Vol-11, Issue-5, Pp.234-240.           Available on –   https://www.ijirmf.com/

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