Abstract
ABSTRACT
Finance for micro, small and medium size enterprises (MSME’S) has been a concern for all stakeholders including
entrepreneurs, financial institutions and government organisations. (Charan et al., 2016) The key objective of this
present study is to identify various challenges faced by MSME’s in sourcing finance. The Micro Finance Institution
has been conducting a variety of services to assist the financial and non- financial needs of the MSME's
entrepreneurs including credit, saving, leasing, insurance facilities and training programs. This survey was
conducted in Ahmedabad and Mehsana covering a wide range of sectors like jewellers, retailers, metal works,
textiles, book shop, tailor and small manufacturing units. The researcher has used both primary and secondary
data. The primary data were collected with the help of a questionnaire in the Google form. The sample size of this
particular study is 34 respondents. This little research exists that examines the role of financial institutions, banks
and microfinance institutions, on the growth of micro, small and medium enterprises in Gujarat, especially
Ahmedabad and Mehsana. The study found that the main challenges faced by MSME’s in underutilization are lack
of financial awareness and lack of the tools to evaluate projects that need to be implemented by MSME’S.
Finance for micro, small and medium size enterprises (MSME’S) has been a concern for all stakeholders including
entrepreneurs, financial institutions and government organisations. (Charan et al., 2016) The key objective of this
present study is to identify various challenges faced by MSME’s in sourcing finance. The Micro Finance Institution
has been conducting a variety of services to assist the financial and non- financial needs of the MSME's
entrepreneurs including credit, saving, leasing, insurance facilities and training programs. This survey was
conducted in Ahmedabad and Mehsana covering a wide range of sectors like jewellers, retailers, metal works,
textiles, book shop, tailor and small manufacturing units. The researcher has used both primary and secondary
data. The primary data were collected with the help of a questionnaire in the Google form. The sample size of this
particular study is 34 respondents. This little research exists that examines the role of financial institutions, banks
and microfinance institutions, on the growth of micro, small and medium enterprises in Gujarat, especially
Ahmedabad and Mehsana. The study found that the main challenges faced by MSME’s in underutilization are lack
of financial awareness and lack of the tools to evaluate projects that need to be implemented by MSME’S.
| Original language | English |
|---|---|
| Title of host publication | Innovation and Global Issues with Multidisciplinary Perspectives |
| Subtitle of host publication | Economics, Law and Social Sciences |
| Publisher | Peter Lang AG |
| Pages | 21-26 |
| Number of pages | 6 |
| ISBN (Electronic) | 9783631781616 |
| ISBN (Print) | 9783631774885 |
| Publication status | Published - 27 Mar 2019 |
| Externally published | Yes |