AMBER – ABBS Management Business and Entrepreneurship Review

Mallikarjun Bali ¹, Pralhad Rathod ²

Affiliations
1 Government First Grade College Humnabad, Karnataka, IN
2 Department of Management Studies and Research, Visvesvaraya Technological University, Belagavi, Karnataka, IN

Abstract

SMEs all over the world play a strong role in national development. This is attributed to the massive employment it provides to the citizenry of the country where it exists. The financing of these ''goose'' which have being laying so many golden eggs has come under scrutiny by academics and practitioners. Finance for micro, small, and medium-sized enterprises (MSMEs) has been a concern for all stakeholders including entrepreneurs, financial institutions, and government organizations. The key objective of the study was to identify various challenges faced by MSMEs in sourcing of finance during different stages of their life cycle. The objective of this study was to investigate the role of financial institutions on the growth of small and medium enterprises and to give recommendations based on the problems. Despite the tremendous increase in number of SMEs, little research exists that examines role of financial institutions; banks and microfinance institutions; on the growth of small and medium enterprises in developing countries, especially India.

Keywords

MFIs, Micro, Small, Medium, Enterprises, Financing, Growth, Institutions.

Full Text