A STUDY ON GROWTH AND PERFORMANCE OF SMALL AND MEDIUM ENTERPRISERS (SMES) –A STUDY OF FINANCING STRATEGIES OF SELECTED SME’S

Vani Harpanahalli, Dr.S. Vandana, Dr. R. Nageswara Rao

Abstract


Worldwide, the Micro, Small and Medium enterprises (MSMEs) play a leading role in propelling economic growth sustaining livelihood and in promoting equitable regional development. The MSMEs constitute over 90% of total enterprises in most of the developing economies and credited with generating the highest rate of employment growth and accounting for a major share of industrial production and exports. In India too, the MSMEs play a pivotal role in the overall industrial economy of the country. It is estimated that in terms of value, the sector accounts for about 39% of the Manufacturing output and around 33% of the total export of the country. Further, in recent years the MSME sector has consistently registered a higher growth rate compared to the overall industrial sector. (Shiralashetti, 2012).

This paper focuses on various financing strategies of selected SME’s and overall growth and performance of SME’s.


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ISSN : 2251-1547