Published Paper Details:

Gujarat's economic development depends much on Micro, Small, and Medium Enterprises (MSMEs), who also greatly help to generate jobs, boost industry, and export volume. But finance restrictions typically cause MSMEs difficulty as they affect their viability and expansion. The effect of financial accessibility, taxation policies, and economic elements on MSME performance in Gujarat is investigated in this paper. According to the study, although high interest rates and loan rejection rates significantly affect financial resilience, credit availability and working capital management are absolutely vital for MSME development and sustainability. While financial knowledge is very important for good financial management, tax compliance expenses and GST loads further lower profitability. Furthermore greatly affecting MSME financial stability are economic elements such inflation, interest rate swings, and global trade policies; high inflation and borrowing rates therefore impede company growth. Emphasizing the importance of stronger financial policy and loan accessibility, a regression study shows that economic circumstances define 68% of MSME financial stability. To improve MSME financial resilience, the report advises governmental measures include streamlined tax structures, lower compliance costs, lower MSME interest rates, and financial literacy initiatives. Through tackling these financial difficulties, Gujarat's MSMEs may attain better development, more solid financial stability, and long-term sustainability, thus helping the state's economy to develop.