Access to Finance: Challenges Faced by Micro, Small, and Medium Enterprises in Telangana, India
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Abstract
The nation’s ability to access financing is major role to foster entrepreneurship and experience economic progress. It encourages fresh attempt at entrepreneurship the survival and growth of micro small and medium enterprises (MSMEs) rely on timely access to financing. The purpose of this paper is to explore the financing constraints and labour issue faced by MSME in Telangana State. Survey was conducted in Adilabad, Peddapalli, Mancheryal and Karimnagar districts of Telangana. The data analyzed using percentage method, chi square analysis and Anova. Result shows that there is significant association between financial problems and nature of MSMEs, whereas there is also significant difference among the categories of MSMEs and difficulties in assessing the capital.