Asian Journal of Research in Business Economics and Management
  • Year: 2014
  • Volume: 4
  • Issue: 10

Impact of Micro Credit on Small Business Units in Pudhucherry Town

*Professor, Commerce Wing, DDE, Annamalai University, Annamalai Nagar, India

**Doctoral Research Scholar, Department of Commerce, Annamalai University, Annamalai Nagar, India

Online published on 6 October, 2014.

Abstract

Finance is the most importance and cogent key of any enterprises. It must be financially supported so that they can take off and expand and able to meet the needs of the small entrepreneurs. The flow of micro credit is a pushing factor for the promotion of the small enterprises. Micro-credit is the extension of very small loan (micro-loans) to the unemployed, to poor entrepreneurs and to others living in poverty that is not bankable. These individual lack collateral, steady employments and a verifiable credit history and, therefore, cannot meet even the minimal qualification to gain access to traditional credit.

Keywords

Impact of Micro Credit, Post Micro Credit, Pre Micro Credit, Small Business