A STUDY OF FINANCIAL LITERACY AND RISK-BEARING CAPACITY OF BUDDING ENTREPRENEURS

Abstract

Entrepreneurship combines various skills, abilities and knowledge inherent in an individual who plays an important role in economic development. It is the process of systematic arrangement and implementation of innovative ideas and techniques into new ventures and utilizing funds to make their venture more profitable.

Nowadays entrepreneurship have become a major concern for the youth, reason behind it may be their personal interest, pandemic situation and the government’s high concentration on Atmnirbhar Bharat. Government also supports and launched various schemes for the development of entrepreneurship. The government provide credit facilities with the help of microfinance institutions, provides training and assistance to gain financial knowledge.