1Nanded Mahila Shikshan Sanstha's, Khorshedbanu, R. Mewawala Mahila (Arts & Commerce) Mahavidyalaya, Multipurpose High school Ground, Vazirabad, Nanded-431601, Maharashtra, India
2Swami Vivekanand Night College of Arts and Commerce, Datta nagar, Ayre Road, Dombivli-421201, Dist. Thane, Maharashtra, India
Online published on 3 April, 2017.
Small Scale Industries play a vital role in the economic development of the country. It provides a platform to the entrepreneurs to demonstrate their skills and thereby contribute to social and economic development of the region. The small scale sector will remain handicapped if its financial requirements are not fulfilled by the various contributors. Traditionally, the nationalized banks and the financial institutions set up by the government are expected to play a major role in financial contribution to SSis. However, their contribution is not satisfactory due various reasons such as lack of knowledge on the part of entrepreneurs and unfavorable policies. The governments of India in recent years decided to rejuvenate the small scale sector and hence the nationalized banks contribution increased in the funding to the small scale sector.
