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@article{172408,
        author = {Trinath Majhi and Dr. Avneesh Kumar},
        title = {Impact of Capital Budgeting Decisions for Micro- Small & Medium Enterprises of Jajpur},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {11},
        number = {8},
        pages = {3040-3046},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=172408},
        abstract = {Capital budgeting for micro, small, and medium enterprises (MSMEs) in Jajpur’s ferrochrome sector is critical in growing and keeping the business competitive. Jajpur is a hub for ferrochrome production due to its proximity to raw material sources, but specific requirements and advantages arise for MSMEs operating here. This research seeks to gain a deeper understanding of the capital budgeting decision-making processes in Jajpur’s MSMEs, looking at their use of NPV (net present value), IRR (internal rate of return), and payback period methods and the impact of these on profitability, operating performance and market position. This research examines the problems small businesses face in terms of financial limitations, pricing risks, and funding constraints through multiple data sources. The data provides practical suggestions on how these enterprises can improve their capital budgeting process so they can remain sustainable and grow in their industry.},
        keywords = {MSME, Capital Budgeting Decisions, NPV, IRR, Payback period.},
        month = {January},
        }