Published Paper Details:

Finance for micro, small, and medium-sized enterprises (MSMEs) has been a concern for all stakeholders including entrepreneurs, financial institutions, and government organizations. The key objective of the study to identify the reason for delay or Non repayment of business loan for Micro Entrepreneur. Data was collected through personal interviews using a structured questionnaire from a sample of 258 MSMEs. The survey was conducted mainly in the Vellore city covering a wide spectrum of sectors like precision tools, weavers, jewelers, food retailers, metal works, textiles, and book shops. The study found that the main challenges faced in the micro-enterprises are facing many problems and the poor availability of finance has been regarded as the top most problem for years, especially in the study area. Lack of adequate finance, timely credit and inability to support the working capital needs are some of the major constraints confronted by micro-enterprises.