Business, Management and Accounting
3 years ago

Access to finance barriers hinder growth of small businesses in India.

1 view
Engineering Economics
Access to Finance: Challenges Faced by Micro, Small, and Medium Enterprises in India
K. Rajamani, N. Akbar Jan, A.K. Subramani, A. Nirmal Raj

Paper Summary

Access to finance is crucial for small businesses in India. A study of 400 such enterprises revealed that factors like firm characteristics, funding sources, and business stage positively impact access to finance. However, financial barriers hinder growth and harm the nation's economy.

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