International Research journal of Management Science and Technology

  ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST

Impact Factor* - 6.2311


**Need Help in Content editing, Data Analysis.

Research Gateway

Adv For Editing Content

   No of Download : 263    Submit Your Rating     Cite This   Download        Certificate

IMPACT OF BANKS’ CREDIT NORMS UPON THE AVAILABILITY OF CREDIT FOR THE MSMES

    3 Author(s):  ABHIJEET BISWAS, DR. SHASHI SRIVASTAVA, PROF. RAJ KUMAR

Vol -  9, Issue- 2 ,         Page(s) : 170 - 187  (2018 ) DOI : https://doi.org/10.32804/IRJMST

Abstract

Micro, Small and Medium Enterprises are spread throughout the country. They produce a diverse range of products and employ a major proportion of the Indian population. More than 45 percent of the industrial products in India are manufactured by the MSMEs and their share in exports is around 40 percent. They constitute more than 90 percent of the manufacturing enterprises of the country and make a contribution of 7 percent in the national GDP The measures undertaken by the government to improve the flow of credit towards the MSMEs includes Priority Sector Lending Norms, Credit Guarantee Schemes, Special Economic Zones, Tax exemptions and Concessions. Even though,

1. Ministry of Micro, Small and Medium Enterprises, Annual Report, 2016-17.
2. Myers, S., & Majluf, N. (1984). Corporate financing and investment decisions when firms have information investors do not have. Journal of Financial Economics, 13(2), 187-221.
3. Little, I., Mazumdar, D., & Page, Jr. (1987). Small manufacturing enterprises: A comparative analysis of India and other economies, New York: Oxford University Press. 
4. Fazzari, S. M., Hubbard, R.G. & Petersen, B.C. (1988). Financing constraints and corporate investment. Brooking Papers on Economic Activity, 1(3), 141-206.
5. Kumar, K., & Ramamurthi. (1990). Entrepreneurial Success: An Empirical Study in Hyderabad and Secunderabad Cities. Journal of Small Business Management, 28(5), 3-13. 
6. Rajan, R. G. (1992). Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt. Journal of Finance, 47(4), 1367-1400.
7. Petersen, M. A. & Rajan, R.G. (1995). The effect of credit market competition on firm creditor relationships. Quarterly Journal of Economics, 111(4), 407- 443.
8. Shinde, S. R. & Patel, K.V. (1995). Are our SSI Units Receiving Adequate Institutional Credit? 36(5), 42-52.
9. Kashyap, S. P. (1995). Emerging Industrial Policy Reforms: Implications for Small Size Enterprises’ Productivity, 36(5), 15-25.
10. Rudramurthy, M. (1998). Industrial Finance for the Development of Small Scale Industries in Karnataka. International Journal of Management Sciences, 18(3), 17-32.
11. Bhattacharya, D., Faiz, N., & Zohir, S. (2000). Policy for employment generation in the informal sector of Bangladesh - A study prepared for the international labor office. Dhaka: Centre for Policy Dialogue.
12. Berger, A., & Udell, G. (2006). A more complete conceptual framework for SME finance. Journal of Banking & Finance, 30(4), 2945-2966.
13. Das, K. (2007). SMEs in India: issues and possibilities in times of globalization. In Hank Lim (Ed.), ASEAN SMEs and globalization. Tokyo: ERIA
14. Carbo, S., Rodriguez, F., & Udell, G. (2008). Bank lending, financing constraints and SME investment. Federal Reserve Bank of Chicago, WP 2008-2004.
15. International Finance Corporation MSME Report, 2011-12.

*Contents are provided by Authors of articles. Please contact us if you having any query.






Bank Details