Focusing on the Growth of Entrepreneurship through Interventions and Supports Mechanism: A Case from Bhutan
Abstract
The role of entrepreneurship is always regarded as an important pillar of a country’s socio-economic development. There is evidence that startups and entrepreneurs contribute a substantial share of the contribution to the national economy. There are situational challenges encountered by entrepreneurs which make entrepreneurs a not preferred option to venture into as well as forcing existing entrepreneurs to withdraw their active roles. This study makes use of secondary data from the published sources to underline the intervention measures as well as a support mechanism that a small country like Bhutan has been exercising in past decades to foster the growth of entrepreneurship in the country. The study found out the initiative and mechanisms provided by various agencies and stakeholders to make a vibrant entrepreneurship ecosystem proved much successful and also creations of multiple incubation centers are proving out much successful in the case of Bhutan. Even in the era of the ongoing pandemic, Bhutan has identified entrepreneurs especially “cottage and small scales industries (CSI)” as a key element of its economy and prioritizes it as one of the flagship programs to be supported in the current five-year plan of the country.
Keywords
References
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Details
Primary Language
English
Subjects
Business Administration
Journal Section
Research Article
Authors
Publication Date
September 2, 2021
Submission Date
June 18, 2021
Acceptance Date
August 24, 2021
Published in Issue
Year 2021 Volume: 4 Number: 2