A Study on Financial Analysis of Rural Artisans in India: Issues and Challenges

Abstract

The purpose of this paper is to provide a broad summary of the financial analysis of rural artisans in India and the challenges they are facing. A notable aspect about these rural artisans is that they belong from the unorganised sector. These artisans on one hand are regarded as custodians of the heritage of India and on the other hand deprived of all the modern facilities and financial assistance. This unorganised sector can contribute a lot to the Indian economy by providing employment opportunities, generation of rural income and improving the purchasing power of rural people. The craft and handcraft sector forms the second largest unorganised employment sector in India, second only to agriculture. In India craft can be described not merely an industry but a creation symbolising the inner desire and fulfilment of the community, at present nearly 23 million handcraft people in India today. Some economic policies have been taken by the government to improve the financial positions of these rural artisans and enhancing the socio-economic growth.

Keywords: rural artisans, unorganised sector, growth and development, issues and challenges, socio-economic developments