Role of Government Policies in Promoting Entrepreneurship

Authors

DOI:

https://doi.org/10.31305/trjtm2025.v05.n04.006

Keywords:

Entrepreneurship, Government Policies, Economic Development, Innovation, Skill Development, Business Environment, Public Policy

Abstract

In modern economies, entrepreneurship is a primary driver of economic growth, innovation, and job creation. Government policies are critical for creating an environment that promotes the growth and sustainability of entrepreneurial ventures. This article examines how institutional frameworks, financial aid, regulations, and government activities promote entrepreneurship. Policies that simplify company procedures, make finance available, encourage talent development, and invest in infrastructure can help to reduce new business barriers. Government programs promoting inclusive entrepreneurship, innovation, and small and medium-sized businesses (SMEs) help to develop the entrepreneurial climate. The paper underlines how successful government efforts encourage economic growth, competitiveness, and social advancement while also encouraging the formation of new firms.

Author Biographies

  • Dr. Biswo Ranjan Mishra, Assistant Professor, DDCE, Utkal University, Bhubaneswar, Odisha (India).

    Dr. Biswo Ranjan Mishra, currently serving as an Assistant Professor & Head of the Department, Department of Commerce, DDCE, Utkal University, Bhubaneswar, Odisha (India). He has completed his Ph.D. degree from P.G. Department of Commerce, Utkal University in the area of Corporate Sustainability Reporting Practices. He has graduated from S.C.S. College Puri securing 2nd rank in Utkal University. He has secured First position in first class in M.Com examination of Utkal University. He obtained his M.Phil. Degree from School of Commerce and Management, Ravenshaw University. He has also qualified UGC (NET). He has 07 years of corporate experience in the field of law and accountancy. He has over 14 years of teaching experience. Prior to joining Utkal University, he has worked as faculty in different reputed institutions like ICFAI, IMIS, SOA University and DHE, Government of Odisha. To his credit, he has attended numerous Seminars, Workshops and training programs. He has published many research papers in reputed journals and conference proceedings. His area of interest is Financial Derivatives, Security Analysis, Portfolio Management, International Finance and Financial Reporting.

  • Sunil Kumar Malik, Lecturer, Department of Commerce, Biju Pattnaik Degree College of Science and Education, Bhubaneswar, Odisha (India).

    Sunil Kumar Malik is currently working as a Lecturer in Commerce at the Department of Commerce, Biju Pattnaik Degree College of Science and Education, Bhubaneswar, Odisha (India). His academic interests focus on issues related to Business Law, Corporate Law, Income Tax, GST (Indirect Tax), Financial Markets Institutions and Services. He has more than five years of teaching experience.

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Published

2025-12-31

Issue

Vol. 5 No. 4 (2025): TECHNO REVIEW Journal of Technology and Management

Section

Articles

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How to Cite

Mishra, B. R., & Malik, S. K. (2025). Role of Government Policies in Promoting Entrepreneurship. TECHNO REVIEW Journal of Technology and Management , 5(4), 53-60. https://doi.org/10.31305/trjtm2025.v05.n04.006