Financial Problems Faced by Small Scale Entrepreneurs in SIOCO Industrial Estates (Special Reference To Madurai & Virudhunagar Districts)

In India during the year 2006-2007 the SSI provided employment to 312.5 lakh persons. Tamil Nadu a southern state in India has contributed much to the growth of Small Scale Industries. There were 420 Small Scale Units in Tamil Nadu in the year 2001-02 which further increased to 449 in 2002-03 and to 490 in 2004-05. There is always an increasing trend in the production also.

Finance occupies an important place in the management of a small-scale enterprise. It is a key factor in determining the success of an industrial concern. So the Author has made an attempt to know the financial problems faced by the Small Scale Entrepreneurs. The problems of finance have been studied under the following variables viz. Sources of finance, Problems faced in raising money for business, Difficulty in meeting the day to day expenses of the concern, Methods of solving day to day expense problems.