A study of impact of demonetization on MSME

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ISSN: 2349-6002 ESTD Year: 2014

UGC approved journal no 47859

A study of impact of demonetization on MSME
Author(s):
Pradeep Tiwari, Dr Ruchi kansal
Keywords:
Unorganized sector, demonetization, liquidity, credit, NPA, GDP.
Abstract
The paper describes the role of small business and the major problems faced by the small sector units as well as the assistance provided by the government to small business, particularly in the rural and hilly areas. The youth find the job market tough and think about the idea of setting up a small business. It seek the solution how to start, where to locate and how to procure machinery and materials needed for the business, how to raise money and market. It focuses on governments assistance for a business such as start-up India and other such programmes. They find a business at small scale and may become successful ahead. It also highlights the impact of demonetization on the business. Unorganized sectors are undergoing liquidity crisis. Their growth has come to a standstill. They fail to get the credit from banks for the want of extending credit capacity caused by a heap of NPAs, although they contribute a major part of GDP for the economic growth of India.
Article Details
Unique Paper ID: 156618 Publication Volume & Issue: Volume 9, Issue 4 Page(s): 319 - 322
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