ECONOMIC ANALYSIS OF WOMEN AGRI STARTUPS IN MANIPUR
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Date
2021
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AAU, Jorhat
Abstract
India has been an agrarian economy with 55 percent of its population deriving its livelihood from agriculture and its allied sectors. Agri-business venture is an emerging need for seamless blending of on-farm and non-farm employment in the country. Startups have played a significant role in growth, development and industrialization of many economies over the world. In India, agricultural startups are still at a sprouting stage, trying to solve multiple emerging problems in Indian agriculture and agribusiness ecosystem. Women-owned business enterprises are playing a prominent role in the society and generating more employment opportunities in the country. The increase in the women entrepreneurs has led to the change in the demographic characteristics of business and economic growth of the country.
The present study entitled “Economic analysis of women Agri startups in Manipur” highlights the role of women startups, the resource management pattern, overview of production and the problems faced by the startups. Multi stage random sampling method was used to select 8 (eight) startups based on product variations. Results from the analysis revealed that out of all the variable costs under the study, cost incurred in the raw material and labour were the main capital-intensive costs. The selected startups under study have also proven to be all feasible and profitable in terms of their production and the existing price of production. Returns on production by the startups across various groups proved to be all positive, and among all the startups, the startup engaged in the production of processed meat products and value-added fruit products proves to be the most cost effective. The results have also revealed that problems faced by the startups mainly consists of lack of funding, poor transportation facility, lack of entrepreneurial development training, non-availability of labour or weaver, lack of guidelines and technical assistance and lack of equipment and machineries.