A study on the Financial aspects of micro, small and medium enterprises in Bathinda District of Punjab, India.
The research entitled 'A Study on the Financial Aspects of Micro, Small and Medium Enterprises in Bathinda District of Punjab, India, is an empirical study for various financing aspects in Micro, Small and Medium Enterprises. The study is hypothesis based. The main objectives of the study to know the socio- economic conditions of entrepreneurs in Bathinda, to study the main reasons to start up the enterprises and the sources of finance at the time of establishment of enterprises in Bathinda and to examine the finance related issues in MSMEs in Bathinda. The study is based on primary data collected for the purpose from Bathinda district through purposive sampling. Percentage, frequencies, descriptive statistics, z test are used to analyse the data for testing hypothesis to fulfill the objectives of the study. MSMEs face a number of financial problems while availing credit from commercial banks as well as Government agencies. These financial institutions ask for a lot of information and data, SFCs takes quite a lot of months to take decision on extending term loans. This small sector is not in a situation to recommend guarantee required by the banking v sector. Even when small loans can be raised from Government associations the process is so burdensome that for the most part of the entrepreneurs, who either are illiterate or semiliterate, hesitate to make use of these services. In the study we found that entrepreneurs face various financial problems in Bathinda. The main reason for financing problem to entrepreneurs is that there is lack of awareness to entrepreneurs about the finance related agencies which provide financing support to them for the development of their enterprises