Financing of small scale enterprises (SSEs): a survey of literature
by Sushma Rani Verma, B.S. Bodla
International Journal of Value Chain Management (IJVCM), Vol. 3, No. 4, 2009

Abstract: Finance is one of the factors occupying an important place in all types of economic activities. The growth of any industry largely depends upon the availability of adequate finance in proper time. Financing of small scale enterprises is that critical aspect which gains special attention of banks and other financial institutions. It is included in priory sector lending. This paper presents views of different authors about the financing of small scale industries and also brings out the financial problems faced by these units after the phase of liberalisation. Much of the studies pointed out that the small firms, which in turn are facing more problems than large firms. In the liberalised era, the priorities earlier enjoyed by small scale industries have vanished. Many researchers showed the applicability of pecking order theory in the financing decision of small firms. There is a great scope of research in this field, especially in the Indian context because the SSE occupies a unique position in the Indian economy for its contribution towards value addition, employment generation, and the expansion of entrepreneurial base and also for the diversification of the industrial sector.

Online publication date: Tue, 23-Feb-2010

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Value Chain Management (IJVCM):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email