Impact Of Finance In Small Scale Industry Entrepreneurs For Their Growth And Development In Chennai

Abstract

Financial institutions and the Government are very keen on the development and promotion of Small scale industry’s - Entrepreneurs which includes capital sparing and labor intensive sector. The shortage of finance affects the ability of the small scale industry’s Entrepreneurs and their units severely. All problems routed to finance, whether it is raw material, power, transport or marketing faced by an small scale entrepreneur in its extreme analysis turns out to be a problem of finance. The small scale industries gets elbowed out by the large and medium scale industries in the procurement of bank finance and institutional credit. The ultimate of the problem is very often that of finance. Small scale industry’s Entrepreneurs were very poor and have little to offer as security for raising finance. So, the need of financial assistance to Small Scale Industry has become very important. Government and financial institutions providing various opportunities and financial assistance to small- scale industries right from their inception for their development and high growth but this assistance exists a real impact on the growth and development of small - scale industries which needs to be analysed. Accordingly, the study is an attempt to investigate the impact of financial assistance provided to Entrepereneurs in small-scale Industries in Chennai town