BANK's ROLE IN DRIVING THE GROWTH OF SME's

BANK's ROLE IN DRIVING THE GROWTH OF SME's
Author(s):
Dr. SOUMYA SAJJAN
Keywords:

Abstract
The financial institutions & Micro and small enterprises (SMEs) are key players in contributing to the overall performance of an economy. SMEs play a vital role in developing the economy and in generating the employment. Apart from providing employment and income opportunities to a large number of people they also forefront technological innovations and export diversification. Parallelly financial institutions play an indispensable role in firm’s growth thus increasing industrial productivity and economic growth. They provide a sound medium of exchange, facilitate trading, encourage mobilization of resources through savings, allocate resources to activities with highest returns, monitor investments, exert corporate governance, and offer diversity of financial instruments. Furthermore, they provide financial assistance to fulfill the varied needs of enterprises.
Article Details
Unique Paper ID: 155220 Publication Volume & Issue: Volume 9, Issue 1 Page(s): 306 - 308
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