IDEAS home Printed from
   My bibliography  Save this article

Financial Support System towards Micro, Small and Medium Enterprises


  • Dr. Shailesh Gupta

    () (Professor, IIMT Group of Colleges, Meerut.)

  • Anurag Mathur

    () (Assistant Professor, Pt. Deen Dayal Upadhyay Management College, Meerut.)


Micro, small and medium enterprises (MSMEs) play a important role in the industrial development of the country. These enterprises contribute to the country’s GDP and are a major part of country’s industrial production, exports, etc. These firms help in generating employment across the country and also restrict concentration of wealth in few hands . These enterprises construct an entrepreneurial substratum in the economy by developing and nurturing the talents, skills, etc. and helps out in the reduction of poverty. Due to high labour intensity, this sector has been provided a priority status by both the Central and the State Governments. The MSME sector in India is heterogeneous in nature, widely dispersed and mostly unorganised. It includes various types of production units ranging from khadi, coir & crafts to technologically viable industries. The MSME’s faced various challenges related to finance, operations, marketing, infrastructural, technological and legal. Various measures are taken by Government for the upliftment of MSME’s. Traditionally private funds from family & friends are single and largest source of finance but for the exploitation of MSME’s full potential there is a requirement of private equity. Support of entrepreneurs and Government is highly required for the development of Indian Economy. For this purpose Government has launched several supportive schemes such as Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), Credit Linked Capital Subsidy Scheme (CLCSS), Under Single Window Scheme financial requirements of MSME’s can be satisfied through single agency.

Suggested Citation

  • Dr. Shailesh Gupta & Anurag Mathur, 2015. "Financial Support System towards Micro, Small and Medium Enterprises," Journal of Commerce and Trade, Society for Advanced Management Studies, vol. 10(1), pages 48-55, April.
  • Handle: RePEc:jct:journl:v:10:y:2015:i:1:p:48-55

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    MSME; EDP; MSMED; Private Equity; MSME financing; Support Schemes; Single Window Scheme; Credit Guarantee Fund Trust;

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • Z0 - Other Special Topics - - General


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jct:journl:v:10:y:2015:i:1:p:48-55. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dr. Himanshu Agarwal). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.