Role of Microfinance to Promote the Growth of Unorganized Manufacturing Enterprises in India: An Analysis

Akash Dandapat () and Pinaki Das ()
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Akash Dandapat: Vidyasagar University
Pinaki Das: Vidyasagar University

Chapter Chapter 9 in Microfinance to Combat Global Recession and Social Exclusion, 2022, pp 131-146 from Springer

Abstract: Abstract The present study attempts to analyse the access of microfinance and its role to promote the growth of unorganized manufacturing enterprises (UMEs) in India and points out the determinants that influence financial access with the help of NSSO Unit Level data of 67th (2010–11) and 73rd (2015–16) rounds. The study reveals that less than 10% UMEs had financial access. But the performance is higher among the UMEs which received loans than those didn’t receive loans. Microfinance has played a vital role in the growth of employment, gross value added and fixed assets of UMEs. Establishment and registered enterprises, enterprises which maintain accounts and have partnership, and have larger size of the firm are more likely to access loans and they are more likely to be expanding in nature.

Keywords: Microfinance; Unorganized; Manufacturing; Value added; Growth; Employment; NSSO; Enterprises (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-4329-3_9

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DOI: 10.1007/978-981-16-4329-3_9

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