Development of Micro, Small and Medium Enterprise (MSME) sector is the most apt means of encashing the demographic dividend of India in promoting economic growth, employment generation and inclusive growth. In this endeavour, the Indian government periodically brings out appropriate support measures in the form of policies and programmes. Though many studies have been undertaken by various stakeholders in the past on myriad issues such as credit, marketing, skill development, sickness, export, technology infusion related to MSME sector, the appropriateness and objectives of policies and schemes has not been addressed. This paper attempts to examine the utility of schemes from an enterprise life cycle perspective and to identify any impending interventions needed at any particular stage of an enterprise lifecycle model. It argues that available support measures are insufficient to address the needs of exit stages and also suggests further interventions required for the holistic development of this sector.

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Entrepreneurial exit is an important phase of the entrepreneurial process that has a significant impact on enterprises and the economy. Extant research in developed countries has shown that personal and business motives of entrepreneurs trigger exit intentions, which, in turn, affect their choice of exit strategy. Though all-India census indicates that most of the closed enterprises are micro and small enterprises (MSE), the factors influencing the exit decision of the Indian MSE owners still remain largely unexplored due to their unorganised nature. Since the majority of Indian MSEs are owned by individuals, and human capital represents the assets of each individual, this article aims to understand the influence of entrepreneurs’ human capital on exit intention for re-entry using the theory of planned behaviour. This study employs a questionnaire-based survey approach and uses a sample size of 150 MSE owners of working enterprises in industrial estates of Mangalore and Udupi districts for hypotheses testing. Empirical analysis is performed using SPSS software, and the results indicate that entrepreneurs with good health and inherited experience have exit intentions and subsequent entrepreneurial re-entry. This knowledge may be useful for stakeholders to understand serial entrepreneurship with a proper exit mechanism.