FINANCIAL SUPPORT AND ENTERPRISE DEVELOPMENT UNDER KVIC: A SYSTEMATIC REVIEW OF MSMES, RURAL ENTERPRISES, AND WOMEN EMPOWERMENT IN INDIA
DOI:
https://doi.org/10.69980/aazre688Keywords:
Financial Support, Micro Small and Medium Enterprises, Rural Enterprise Development, Women Empowerment, Enterprise PerformanceAbstract
Micro, Small and Medium Enterprises play a vital role in India’s economic development by generating employment, supporting rural enterprises, and promoting inclusive growth. Within this sector, Khadi and Village Industries represent a distinct segment supported by the Khadi and Village Industries Commission through financial and institutional initiatives. Despite extensive policy support, existing literature remains fragmented and largely descriptive, with limited focus on how financial assistance contributes to enterprise development and women’s empowerment. This study presents a systematic review of literature published between 2000 and 2025 to examine the role of the Khadi and Village Industries Commission in supporting rural enterprises. The review follows the Preferred Reporting Items for Systematic Reviews and Meta-Analyses framework and applies the Weight of Evidence approach to ensure methodological rigour. The findings show that major schemes have significantly enhanced financial inclusion, enterprise creation, self-employment, and income generation. Women’s participation is notably high, highlighting the sector’s contribution to empowerment. However, challenges such as regional disparities, limited awareness, administrative inefficiencies, and weak market linkages continue to affect enterprise performance. The study provides policy insights by emphasising improved financial access, market integration, and gender-sensitive strategies for sustainable growth.
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