Navigating Challenges and Harnessing Opportunities: An Analysis of SC and ST Entrepreneurs of Selected Districts in Karnataka

Abstract

This study explores the challenges and opportunities faced by SC/ST entrepreneurs in Devanahalli, aiming to identify specific barriers and driving factors that influence their entrepreneurial activities. Through a mixed-methods approach, including surveys and interviews, the research highlights significant challenges such as financial constraints, social discrimination, limited market access, and insufficient support from governmental and non-governmental organizations. Despite these obstacles, strong drivers such as personal self-efficacy, community support, perceived market opportunities, and governmental incentives propel these entrepreneurs forward. The study also examines the critical role of business self-efficacy in helping entrepreneurs navigate challenges and sustain their ventures. Key findings indicate that while financial constraints and market access are major barriers, high self-efficacy and community support are vital for entrepreneurial success. The study concludes with actionable suggestions to enhance the entrepreneurial ecosystem for SC/ST communities in Devanahalli, including improved access to finance, market access initiatives, stronger support systems, and targeted training programs. These recommendations aim to foster a more inclusive and supportive environment, empowering SC/ST entrepreneurs and contributing to the socio-economic development of the region.