Volume : IV, Issue : IV, April - 2014

Bank Finance to Micro, Small and Medium Enterprises

Kushalakshi, Dr. A. Raghurama

Abstract :

 Micro, Small and Medium Enterprise (MSME) sector is a viant segment of the country which is responsible to promote the industrial growth, employment potential, exports, capital formation, sustainable development and overall inclusive growth. Access to adequate and timely credit at a reasonable cost is the most critical problem faced by MSMEs. Over the years there has been a significant increase in credit extended to this sector by the banks. Despite the increase in credit outstanding to the sector, the financial needs of MSMEs have not been adequately addressed by formal financial institutions. The statistics compiled in the Fourth Census of MSME sector September 2009, revealed that the extent of financial exclusion in the MSME sector is very high. Therefore, MSME sectors should be treated as emerging sectors while providing financial and non–financial assistance.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

"Kushalakshi, Dr. A. Raghurama Bank Finance to Micro, Small and Medium Enterprises Indian Journal of Applied Research, Vol.IV, Issue. IV

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