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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
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| Paper Title: | A STUDY ON IMPACT OF FINANCIAL CHALLENGES FACED BY MSME IN INDIA |
| Authors Name: | Dr.C.SANKAR , Mrs.S.GAYATHRI |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_216389
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| Published Paper Id: | IJNRD2403498 |
| Published In: | Volume 9 Issue 3, March-2024 |
| DOI: | |
| Abstract: | A STUDY ON IMPACT OF FINANCIAL CHALLENGES FACED BY MSME IN INDIA ABSTRACT This Research paper aims to study about the MSME objectives, functions, challenges and how to overcome from the difficulties of MSME in India. The MSME/SME sector is one of the main players for the growth in India, which has the fifth-largest economy in the world. The 'Make in India' movement is being driven by small firms, which are the engine driving the nation's economic expansion. Additionally, MSMEs can apply for a Business Loan for MSME to cover a variety of financial requirements for their companies. This is significant because such organisations confront a variety of financial difficulties, particularly in the first stage. The socioeconomic development of the nation has been greatly influenced by Micro, Small, and Medium-Sized Enterprises. As a supplier and vendor to large firms, MSME is regarded as the "Backbone of the Indian Economy" since it provides close to 30–40% of GDP and 48% of all exports. It also creates jobs in both rural and urban areas. The Micro, Small, and Medium Enterprises (MSME) sector, which accounts for nearly half of India's exports and more than a third of the country's GDP, is a crucial component of the Indian economy. More than 1 crore MSMEs are registered on the Udyam Registration platform, according to data from the MSME Ministry. The rise of the MSME sector is essential for India's inclusive economic growth and will increase manufacturing production, employment creation, and national exports of count collateral and meaningful credit history. Some of the formidable challenges faced by MSMEs in India include lack of adequate financial literacy, difficulty obtaining timely MSME funding, and complicated regulatory processes. It's crucial to comprehend these issues and streamline MSME financing in India if India is to succeed in becoming a major economic force on the world stage. This research paper gives an outline to learn about the goals of MSME financial challenges and remedies. It is also suggested that MSME entrepreneurs should properly utilized the remedies for enhancing their knowledge and skill to overcome the challenges in the sector. |
| Keywords: | Keywords: MSME, Financial Challenges, Opportunity, Government Initiatives, Technology and Remedies. |
| Cite Article: | "A STUDY ON IMPACT OF FINANCIAL CHALLENGES FACED BY MSME IN INDIA", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.9, Issue 3, page no.e822-e828, March-2024, Available :http://www.ijnrd.org/papers/IJNRD2403498.pdf |
| Downloads: | 00029 |
| ISSN: |
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID:IJNRD2403498 Registration ID: 216389 Published In: Volume 9 Issue 3, March-2024 DOI (Digital Object Identifier): Page No: e822-e828 Country: COIMBATORE, TAMILNADU, India Research Area: Commerce Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2403498 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2403498 |
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