A Study on Problems and Prospects of Small Business units in A and N Islands-An Empirical Analysis

Abstract

Small Business Sector (SBS) plays an important role in the economy of any country. the Andaman & Nicobar Islands (A & N islands) has been taken as the study area. As a branch of Business and Commerce Education and as one of the types, the Small Business (SB) has a high level potential and prospects in this Study Area.  Whereas in A & N islands,  resources are plenty but are  under exploited and these islands welcome the entrepreneurs of all types to come and start business ventures in these islands. The Small Business Entrepreneurs are handicapped by limited knowledge on the small business benefits..  As a saying goes that the Small is always beautiful, and the Small is always convenient, the small business is always suitable and convenient to manage.   All small business activities in the study area are consumer goods and service oriented.  All the Small Business Units (SBUs) purchase the goods from the wholesalers of the local and sell the same locally. No data on the small business units are correctly available anywhere in these islands Even the government departments do not monitor the growth and development of the Small Business in these islands. The growth of the SBUs  have been traced and their present style of management and their present problems are analysed. It is suggested that a  separate department called Department of Small Business Development,  A & N islands  (DSBDANI) is to be established immediately in the study area to take care of the SBS in these resourceful Islands under the head of the  Director, Small Business Development with the qualification of at least a Ph.D Research Degree Holder in Commerce/Management/Administration with his subordinates named Small Business Development Officer (SBDO) with the qualification of at least a Post Graduation  in Commerce/Management/Administration who may be assigned the related identified functions. The author of the articles strongly believes that if a suitable strategy is formulated in the light of the suggestions given by him and if the same are implemented carefully, the economy of A & N Islands will be developed.