Perception of micro small and medium enterprise entrepreneurs on banking services

Abstract

The breakdown rate of current Micro, Small and Medium enterprises (MSMEs) is very high. Access to finance is one amongst the predominant constraints to the endurance of latest MSMEs. The objective of the research is to seem to be at the acuity of MSME entrepreneurs on historic and revolutionary funding selections or funding serves attainable in banks.The research analyzed about the standard sources of equity and debt like business angels, venture capitalists, trade credit and a range of government schemes. There's the necessity to produce restrictive a impression that may additionally support to the development of MSMEs in India.

A study on factors influencing lending decisions for MSMEs by scheduled commercial banks in the CGTSME scheme

“…Bankers' perceptions of the CGTSME scheme are also crucial in determining whether borrowers will be approved for loans (Mehrotra et al, 2018). Bankers may view the scheme as too risky or overly complex, which can lead to hesitance in taking on the associated risk (Suryakumar and Thirunavukkarasu, 2018). Furthermore, bankers may consider the scheme costly due to the fees associated with loan approval.…”