Article: Financial feasibility analysis of potential projects of Indian SMEs using DEMATEL Journal: International Journal of Management and Enterprise Development (IJMED) 2015 Vol.14 No.3 pp.199 - 213 Abstract: Small and medium enterprises (SMEs) are the backbone of any developing or developed nation. It plays a crucial role in the growth of an economy and also provides livelihoods to thousands of population. Despite being one of the dynamic sectors of the economy, Indian SMEs are facing many challenges like improper infrastructure, uncertain market condition, obsolete technology, administrative issues, increasing domestic and global competition, etc. Among these the main barrier which restricts them in starting their venture is the non-availability of finance. This paper studies the financial challenges of Indian SMEs through extensive literature review, and by visiting and interviewing the owners and managers of various SMEs located in Delhi, NCR and Gwalior region. The responses are evaluated with the factors identified through literature survey, and decision making trial and evaluation laboratory (DEMATEL) tool which is decision making software. The interrelationships among these factors are also obtained along with their cause and effect digraph. Inderscience Publishers - linking academia, business and industry through research

Title: Financial feasibility analysis of potential projects of Indian SMEs using DEMATEL

Authors: Shweta Jha; Vishal Vyas; Padmanav Acharya

Addresses: ABV-Indian Institute of Information Technology and Management, Gwalior, Morena Link Road, Gwalior, Madhya Pradesh, 474015, India ' ABV-Indian Institute of Information Technology and Management, Gwalior, Morena Link Road, Gwalior, Madhya Pradesh, 474015, India ' ABV-Indian Institute of Information Technology and Management, Gwalior, Morena Link Road, Gwalior, Madhya Pradesh, 474015, India

Abstract: Small and medium enterprises (SMEs) are the backbone of any developing or developed nation. It plays a crucial role in the growth of an economy and also provides livelihoods to thousands of population. Despite being one of the dynamic sectors of the economy, Indian SMEs are facing many challenges like improper infrastructure, uncertain market condition, obsolete technology, administrative issues, increasing domestic and global competition, etc. Among these the main barrier which restricts them in starting their venture is the non-availability of finance. This paper studies the financial challenges of Indian SMEs through extensive literature review, and by visiting and interviewing the owners and managers of various SMEs located in Delhi, NCR and Gwalior region. The responses are evaluated with the factors identified through literature survey, and decision making trial and evaluation laboratory (DEMATEL) tool which is decision making software. The interrelationships among these factors are also obtained along with their cause and effect digraph.

Keywords: small and medium-sized enterprises; SMEs; decision making; DEMATEL; financial feasibility; livelihoods; project feasibility; India; SME financing.

DOI: 10.1504/IJMED.2015.073441

International Journal of Management and Enterprise Development, 2015 Vol.14 No.3, pp.199 - 213

Received: 24 Apr 2014
Accepted: 15 May 2015
Published online: 08 Dec 2015 *

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Title: Financial feasibility analysis of potential projects of Indian SMEs using DEMATEL

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