Exploring the Socio-Economic Factors and Personality Traits of Entrepreneurs Enrolled in the Himachal Pradesh Mukhyamantri Swavalamban Yojana (HPMMSY)

Abstract

Entrepreneurship is a complex and multifaceted phenomenon that involves creating, pursuing, and managing a new venture. It is a manifestation of identifying and exploiting opportunities, innovating and solving problems, and adding value to society. This article comprehensively considers the socio-economic and personality characteristics of entrepreneurs in Himachal Pradesh, shedding light on the factors that constrain entrepreneurial action in this region. The research is descriptive and based on the data collected from secondary sources. Collected data has been edited, classified, and tabulated, and analysis and interpretation have been performed with the help of various statistical and mathematical tools. By analysing data related to their socio-economic backgrounds, level of education, earlier occupation knowledge, and personality traits, this study seeks to identify patterns and correlations that can inform policies and strategies to support and nurture entrepreneurship in Himachal Pradesh. The practical implications of these findings can guide the development of effective policies and strategies to foster entrepreneurship in the region, ultimately contributing to its economic growth and development.