Credit Preference of Micro and Small Enterprises of Assam (India)  

Oleh:

Goswami, Chandana

Jenis: Article from Proceeding
Dalam koleksi: SIBR-Thammasat 2014 Conference on Interdisciplinary Business & Economics Research June 5th- 7th, 2014 di Emerald Hotel Bangkok, page 1-12.
Topik: Micro enterprise; Small Enterprise; Credit preference; India
Fulltext: b14-158.pdf (99.9KB)

Isi artikel

The study aimed at finding out the credit preference of Micro and Small Enterprises in Assam, India. The sampling technique was judgemental, as only those enterprise which had borrowed from banks were considered for the study. 101 Micro and 51 Small enterprises were covered. 75% respondents used their own fund for initial investment, while 93% stated using bank loans. 69% respondents used both debt and equity for initial investment. 94 enterprises preferred cash credit facility offered by banks, 36 had utilised working capital loan, and 43 had opted for term loan. 88 sought credit to start the business, 83 for operational needs, and 5 for repaying off earlier debt. 78% respondents stated that the bank officials explained the credit proposals to them. It appears that banks do not go out to woo this segment of customers. 88% were satisfied with the credit facilities offered. Majority of the respondents (61%) stated that it took longer than the stipulated time for the credit to be sanctioned. Overall the Micro and Small enterprises in Assam are funded by the nationalised banks and they use debt and equity in almost the same proportion.

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