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

International Journal of Creative Research Thoughts (IJCRT), Volume 5, Issue 4 December 2017 | ISSN: 2320-2882

6 Pages Posted: 25 Mar 2018

See all articles by Subhamoy Banik

Subhamoy Banik

Calorx Teachers University; K.K. University - Department of Commerce and Management

Date Written: November 15, 2017

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

Suggested Citation

Banik, Subhamoy, A Study on Financial Analysis of Rural Artisans in India: Issues and Challenges (November 15, 2017). International Journal of Creative Research Thoughts (IJCRT), Volume 5, Issue 4 December 2017 | ISSN: 2320-2882. Available at SSRN: https://ssrn.com/abstract=3137936

Subhamoy Banik (Contact Author)

Calorx Teachers University ( email )

Near Greenwud Resort, Vaishnodevi Circle, Sardar P
Ognaj, Post Office Chandlodia, Ahmedabad, Gujarat
Ahmedabad
India

HOME PAGE: http://www.ctu.org.in

K.K. University - Department of Commerce and Management ( email )

Nalanda, Bihar
India
8420040727 (Phone)

HOME PAGE: http://kkuniversity.ac.in/

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