scholarly journals Funding Landscape and Gap Analysis for Pharmaceutical MSMEs in Hyderabad

2020 ◽  
Vol 47 (1) ◽  
pp. 7-16
Author(s):  
Shyamsunder Chitta ◽  
Ravi Kumar Jain ◽  
Bhimaraya E Metri
Keyword(s):  
Interest Rates ◽  
Gap Analysis ◽  
Small And Medium Enterprises ◽  
Business Growth ◽  
Medium Enterprise ◽  
Employment Generation ◽  
Key Drivers ◽  
Regulatory Barriers ◽  
Medium Enterprises ◽  
Indian Pharmaceutical Industry

Micro, small and medium enterprises have prominent place in the growth of an economy, being considered as key drivers for employment generation and GDP growth, contributing to the balanced regional development. The sector plays an important role in the growth of the Indian pharmaceutical industry. In spite of its vital contribution to the economy, many firms in the sector are facing problems of funding crunch, high-interest rates, lack of government incentives and stringent regulatory barriers for business growth, and the biggest problem being perennially starving for funds. The article presents the results of the survey conducted to find out the challenges encountered by pharmaceutical small and medium enterprise in Hyderabad in procuring their financing needs with reference to banks using hypothesis testing. The study shows a significant relationship between ease of bank finance with interest charged, ownership of enterprise and percentage of bank finance in total finance.

Borrower Discouragement: Loan Delays and Loan Rejection: Evidence from MSMEs in the State of Assam in India

2020 ◽  
Vol 47 (2) ◽  
pp. 95-103
Author(s):  
Rashmi Sarda ◽  
Devi Baruah
Keyword(s):  
Regional Development ◽  
Small And Medium Enterprises ◽  
Export Promotion ◽  
Vital Role ◽  
The State ◽  
Bank Credit ◽  
Small And Medium Enterprise ◽  
Medium Enterprise ◽  
Employment Generation ◽  
Medium Enterprises

In India micro, small and medium enterprises (MSMEs) play a vital role in the development of economy through their contribution to GDP, employment generation, regional development, export promotion, etc. Irrespective of the achievements of the small and medium enterprise (SME) sector, there are certain issues which eclipse desired growth. Availability of ample and timely credit at reasonable rate of interest is vital for the development of these sectors. There seems to be a gap between demand for and supply of the bank credit to SMEs. The delay in processing of credit and the rate of rejections discourage the borrowers from applying for credit. Hence, this article aims to analyse the discouragement faced by MSME loan applicants from the evidence of rejections and delays in advancing loans in Jorhat district in the state of Assam in India.

Financial Instruments for Small and Medium Enterprise Sustainable Growth

2018 ◽  
pp. 276-293 ◽  
Author(s):  
Carlos Salcedo-Perez ◽  
Andres Carvajal Contreras
Keyword(s):  
Interest Rates ◽  
Latin American ◽  
Small And Medium Enterprises ◽  
Sustainable Growth ◽  
Raw Material ◽  
Financial Instruments ◽  
Difficult Situation ◽  
Access To Credit ◽  
Medium Enterprise ◽  
Medium Enterprises

Financing is a key issue for companies to grow. In Latin America, small and medium enterprises face difficult challenges when trying to get the necessary resources they need to grow or just stay in the market. From excessive paperwork to high interest rates, difficult access to credit is a challenge that has prevented companies from growing, reaching new markets, or just surviving in the markets during the first stages of operation. This, consequently, has an impact on the economic development of the region. The current macroeconomic situation, characterized by the end of a raw material boom, brings an additional issue to a normally difficult situation. This chapter therefore analyzes the current situation of five Latin American emerging economies and then presents a set of financial instruments that could help SMEs to get resources easily.

Small and Medium Enterprises' Challenges of Accessing Microfinance in Nigeria

2021 ◽  
pp. 1454-1478
Author(s):  
Atsede Woldie ◽  
Uruemuesiri Ubrurhe
Keyword(s):  
Subject Matter ◽  
Growth And Development ◽  
Small And Medium Enterprises ◽  
Technological Development ◽  
Current Debate ◽  
Medium Enterprise ◽  
The Subject ◽  
Employment Generation ◽  
Qualitative Relationship ◽  
Medium Enterprises

Despite the fact that small and medium enterprises have been viewed as a major promoter of technological development and employment generation in Nigeria, the sector has been neglected by successive governments (Gideon, 2015). This has resulted in unpalatable consequences on the economy (Gideon, 2015). The major challenge of the sector is poor funding (Afolabi & Ehinomen, 2015). Consequently, policies and efforts should be geared towards accelerating the growth and development of the sector (Afolabi & Ehinomen, 2015). According to Onwumere, (2000) a lack of funding has been a specific obstacle to investment and growth in the sector. The need to contribute to the current debate, update knowledge on the subject matter and make informed recommendations when implemented will lead to a change in fortune for the small and medium enterprise sector in the Nigerian economy which has informed this study. The chapter sets out to explore the qualitative relationship between small and medium enterprises and banks. Despite the fact that small and medium enterprises have been viewed as a major promoter of technological development and employment generation in Nigeria, the sector has been neglected by successive governments. This has resulted in unpalatable consequences on the economy. The major challenge of the sector is poor funding. Consequently, policies and efforts should be geared towards accelerating the growth and development of the sector. A lack of funding has been a specific obstacle to investment and growth in the sector. The need to contribute to the current debate, update knowledge on the subject matter and make informed recommendations when implemented will lead to a change in fortune for the small and medium enterprise sector in the Nigerian economy which has informed this study. The chapter sets out to explore the qualitative relationship between small and medium enterprises and banks.

scholarly journals The Role of Small and Medium Enterprises in Perspective of Labour Abundant Economy of Pakistan

2021 ◽  
Vol 3 (1) ◽  
pp. 61-76
Author(s):  
Imdad Ali Khowaja ◽  
Sikandar Hussain Soomro ◽  
Muhammad Nawaz
Keyword(s):  
Small And Medium Enterprises ◽  
Scale Up ◽  
The Public ◽  
Financial Firms ◽  
Medium Enterprise ◽  
Employment Generation ◽  
Medium Enterprises ◽  
Test Result ◽  
Sme Financing

The small and medium enterprise sector has played a significant role in theincome and employment generation in the developed and developingeconomies. The current study is conducted to find out the potential of theSMEs to achieve the economic and social objectives. The survey data of 300SMEs indicates the wider gap between the demands for SME financing and thesupply-side. The test result p<0.05 indicates that the lack of access to capitalinvestment, finance, and support from the public sector institutions to upgradethe technology and commutation means are the major obstacles for the SME'sto scale-up their performance in the current market reforms. While the resultof the regression model (r=0.992) indicates a strong correlation between thevariables. In fact, those SME's had overcome the issues of technology,communication, dearth of functional barriers because they had the access tothe formal sources of financing. Therefore, to attain the target of 10 millionjobs and reduce unemployment in the country, the policymakers have to makenecessary arrangements to establish new financial sources and facilitate theexisting financial firms to expand their network for the advancement andmodernization of SMEs operating in the formal and informal fold of theeconomy.

Small and Medium Enterprises' Challenges of Accessing Microfinance in Nigeria

2017 ◽  
pp. 229-253
Author(s):  
Atsede Woldie ◽  
Uruemuesiri Ubrurhe
Keyword(s):  
Subject Matter ◽  
Growth And Development ◽  
Small And Medium Enterprises ◽  
Technological Development ◽  
Current Debate ◽  
Medium Enterprise ◽  
The Subject ◽  
Employment Generation ◽  
Qualitative Relationship ◽  
Medium Enterprises

Despite the fact that small and medium enterprises have been viewed as a major promoter of technological development and employment generation in Nigeria, the sector has been neglected by successive governments (Gideon, 2015). This has resulted in unpalatable consequences on the economy (Gideon, 2015). The major challenge of the sector is poor funding (Afolabi & Ehinomen, 2015). Consequently, policies and efforts should be geared towards accelerating the growth and development of the sector (Afolabi & Ehinomen, 2015). According to Onwumere, (2000) a lack of funding has been a specific obstacle to investment and growth in the sector. The need to contribute to the current debate, update knowledge on the subject matter and make informed recommendations when implemented will lead to a change in fortune for the small and medium enterprise sector in the Nigerian economy which has informed this study. The chapter sets out to explore the qualitative relationship between small and medium enterprises and banks. Despite the fact that small and medium enterprises have been viewed as a major promoter of technological development and employment generation in Nigeria, the sector has been neglected by successive governments. This has resulted in unpalatable consequences on the economy. The major challenge of the sector is poor funding. Consequently, policies and efforts should be geared towards accelerating the growth and development of the sector. A lack of funding has been a specific obstacle to investment and growth in the sector. The need to contribute to the current debate, update knowledge on the subject matter and make informed recommendations when implemented will lead to a change in fortune for the small and medium enterprise sector in the Nigerian economy which has informed this study. The chapter sets out to explore the qualitative relationship between small and medium enterprises and banks.

scholarly journals Enhancing access to institutional financial support for small and medium enterprises in the Sekondi-Takoradi metropolis of Ghana

2017 ◽  
Vol 7 (2017) ◽  
pp. 22-41
Author(s):  
Francis Enu-Kwesi ◽  
Maria-Antoinette Adriana Quarshie ◽  
John Victor Mensah
Keyword(s):  
Interest Rates ◽  
Financial Literacy ◽  
Financial Support ◽  
Qualitative Data ◽  
Small And Medium Enterprises ◽  
Cross Sectional Study ◽  
Cross Sectional ◽  
Interview Guide ◽  
Medium Enterprise ◽  
Medium Enterprises

This paper discusses the factors which affect access to financial support by small and medium enterprise (SMEs) in Sekondi-Takoradi. Financial resources are crucial in the life of all businesses including SMEs. However, access to financial support comes with the problems of information asymmetry, moral hazard and adverse selection. The factors that influence access to financial support are investigated using a non-interventional cross-sectional study design. Quantitative data were collected from 303 randomly selected SMEs using interview schedules, while qualitative data, using an interview guide, were obtained from 21 institutions offering financial support to SMEs in Sekondi- Takoradi. With the use of interpretations of the qualitative data, and descriptive statistics including cross tabulations, the results showed that interest rates, collateral, guarantors and, business and financial information, and financial literacy play a role in the access of institutional financial support by SMEs.

A Study on the Analytics Tool Used in Decision Making at Small and Medium Enterprise

2015 ◽  
Vol 3 (1) ◽  
Author(s):  
Vivek N. Bhatt
Keyword(s):  
Decision Making ◽  
Business Intelligence ◽  
Small And Medium Enterprises ◽  
Small Scale ◽  
Know How ◽  
Decision Making Styles ◽  
Routine Basis ◽  
Medium Enterprise ◽  
Decision Making Processes ◽  
Medium Enterprises

The article focuses on the study of prevailing decision making styles of Small Scale Industrial (SSI) Units. It presents data collected from 200 SSI units from Bhavnagar – a coastal city of Gujarat, India. The objective of writing the article is to depict heuristic decision patterns of small and medium enterprises, and the rare use of analytical or statistical business intelligence tools in decision making processes. It would be interesting to study the design of decision taken on routine basis in small units, poorly equipped with technology and technical know-how. The paper is descriptive in terms, and lays a lucid picture of present decision making processes.

Analysis of Major Problems Faced by Small Firms in North India

2015 ◽  
Vol 15 ◽  
pp. 150-160
Author(s):  
Davinder Singh ◽  
Jaimal Singh Khamba ◽  
Tarun Nanda
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Small Firms ◽  
Small And Medium Enterprises ◽  
Developed Countries ◽  
North India ◽  
Small Enterprises ◽  
Employment Generation ◽  
Medium Enterprises

Micro, Small and Medium Enterprises (MSMEs) have been noted to play a significant role in promoting economic growth in less developed countries, developing and also in developed countries. Worldwide, the micro and small enterprises have been accepted as the engine of economic growth of any nation. Small and Medium Enterprises are the backbone of the economies, because it trigger employment, output, export, poverty alleviation, economic empowerment, economic development etc. in developed as well as in developing countries. It is more important to developing countries as the poverty and unemployment are burning problems. MSMEs have been playing a momentous role in overall economic development of a country like India where millions of people are unemployed or underemployed. Therefore, the growth of small sectors is essential for the growth in the GDP, employment generation, total manufacturing production and export. India, being one of the fastest growing economies of the world, needs to pay an honest attention for the utmost growth of MSMEs for its increased contribution in above areas.

SOSIALISASI PENDAFTARAN NPWP BAGI PRIBADI DAN PEMILIK UMKM DI DESA KANGKUNG, KECAMATAN MRANGGEN KABUPATEN DEMAK

2020 ◽  
Vol 3 (2) ◽  
Author(s):  
Maya Aresteria ◽  
Apip Apip ◽  
Deddy Sulestiyono ◽  
Rosdayah Fairuz Hitsotsu
Keyword(s):  
Community Service ◽  
Small And Medium Enterprises ◽  
Small And Medium Enterprise ◽  
Medium Enterprise ◽  
Training Activities ◽  
Medium Enterprises ◽  
Service Location ◽  
And Training

ABSTRACT -  Small and Medium Enterprise (SME) also known as UMKM is growing rapidly and has become one of many sectors to support the Indonesian Economy. The lack of ability to have NPWP has been a problem for UMKM and also people. The same problem also found at UMKM in Kangkung Village. The purpose of this community service is to train the entrepreneurs about preparing and register oneself to get a NPWP. This community service is consist of four steps which started by survey of service location then collecting data on village potentials and the role of the community , Preparation for the implementation of assistance and training and training activities. After participating in the training, the entrepreneurs become more understanding and can register NPWP. This community service is expected to be held continuously for the UMKM in Kangkung village Keywords: Small and Medium Enterprises, UMKM, NPWP

scholarly journals Perception towards Regulatory Burden on Small and Medium Enterprises Performance: A Case Study in Shashemene Town, West Arsi Zone, Ethiopia

2020 ◽  
Vol 10 (1) ◽  
pp. 294
Author(s):  
Ofgaha Alemu Dire ◽  
Wegene Bekele Bekelcha
Keyword(s):  
Small And Medium Enterprises ◽  
Business Owners ◽  
Research Approach ◽  
Policy Makers ◽  
Regulatory Burden ◽  
Small And Medium Enterprise ◽  
Arsi Zone ◽  
Medium Enterprise ◽  
Broad Objective ◽  
Medium Enterprises

The study focuses on “perception towards regulatory burden on small and medium enterprise performance” in Shashemene town, west Arsi zone, Oromia regional state, Ethiopia. The study adopted a qualitative research approach to address broad objective through answering research questions developed by a researchers. Specifically, this study used questionnaire to collect data from SMEs business owners, managers and employees and in-depth interview conducted. Data was analyzed by using descriptive statistics. The information obtained from a samples of the 140 small and medium enterprise and through face-to-face interview of 10 owners of SMEs business. The respondents were selected using stratified sampling techniques. The result of the study show that small and medium enterprise challenges from different factors as they perceived from the challenges of regulatory burden and identifies mechanisms used to mitigate problems from regulatory burden and how much the regulators have smooth contact with them and to what extent regulators made inspections. Moreover, the result indicated the perception of SMEs businesses towards regulatory burden. As a whole, the study suggests a series of measures should be taken by government policy, makers and regulators for SMEs performance. Researchers’ conclude and recommend that government bodies, Small and medium enterprise business owners, managers, employees and policy makers should focus on regulation to reduce regulatory burden on small and medium enterprises.

Sign in / Sign up

Export Citation Format

Share Document