Journal of Commerce and Accounting Research

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

Role of Financial Institutions in Financing Small and Medium Entreprises: a Study in Garo Hills of Meghalaya


Affiliations
1 Department of Management, North Eastern Hill University, Tura Campus, Tura, Meghalaya., India
2 Department of Commerce, Don Bosco College, Tura, Meghalaya., India
     

   Subscribe/Renew Journal


With the development of alternative sources of funds, the dependence of industry on commercial banks for meeting their credit supplies has been declined although the share of credit to industry in India has significantly increased over the years. The commercial banks have of late emerged as the major supplier of industrial credit for small and Medium Entreprises (SME). There have been several confusing features of credit flow to SME sector in recent years. Hence, an experiential study on efficacy of financial institution in financing small sector is relevant exercise. The present paper, therefore, is an attempt to examine the role of financial institutions in financing SME sector in Garo Hills of Meghalaya.

Keywords

Financial Institutions, Small And Medium Entreprises, Garo Hills
Subscription Login to verify subscription
User
Notifications
Font Size


  • Ahmed, J. U. (2010). Priority Sector Lending by Commercial Banks in India: A Case of Barak Valley. Asian Journal of Finance & Accounting, December, 2(1:E5), pp. 92-110.

  • Ahmed, J. U. (2010). The Growth Performance of Micro and Small Enterprises in the Global Era: Evidence from Indian Industrial Sector.International Journal of Economics, December, 4(2), pp. 295-310.

  • Basu, C.R. (1977). The Role of the Commercial Banking in the Planned Economy of India. Ph.D. Thesis. Burdwan: Burdwan University.

  • Chavan, M. & Lamba, A. S. (2007). An International Perspective on Internal Controls in Small and Medium Enterprises. The Business Review, 8(1).

  • Gassah, L. S. (1984). Garo Hills and Land and The People. Guwahati, Assam: Western Book Depot.

  • Gomez, C. (2008). Financial Markets, Institutions and Financing Services. (pp. 357). New Delhi: Prentice Hall of India.

  • Govt. of India. (1991). Report of the Committee on Financial System. (Narasimham Committee-1), Ministry of Finance.

  • Govt. of India. (1998). Report of the Committee on Financial System (Narasimham Committee-11), Ministry of Finance.

  • Govt. of Meghalaya. (2006). Statistical Hand Book. Directorate of Economics and Statistics, Meghalaya.

  • Govt. of Meghalaya. (2008-09). Statistical Hand Book. Directorate of Economics and Statistics.

  • Mehrotra, R. (1992). Credit Deposit Ratio, Current Status and Future Corrections. RBI Staff Studies, Department of Economic Analysis and Policy, Reserve Bank of India.

  • Mithani. D. M. (1991). Money, Banking, International Trade and Finance. New Delhi: Himalaya Publishing House.

  • Narasimham, M. (1994). Financial Sector Reform: The Unfinished Agenda. Platinum Jubilee Conference Volume, Indian Economic Association. Bombay: Indira Gandhi Institute of Development Research.

  • Pandey, K. L. (1968). Development of Banking in India since 1949. (pp. 80). Calcutta Scientific Book Agency.

  • RBI. (2007). Report of the Technical Group to Review Efficacy of Existing Legislative Framework Governing Money Lending and its Enforcement Machinery.

  • RBI. (2009). Report of the High Level Committee to Review Lead Bank Scheme, RBI.

  • RBI. (2010). Reserve Bank of India. Report on Currency and Finance.

  • Report of 1974 Task Force on Access to Finance, Raw Materials and Marketing, National Commissions for Enterprises in Unorganized Sector. Financing of Enterprises in Unorganized Sector.

  • Reserve Bank of India. (1977). Committee’s Report on financing of Public Sector Banks. RBI.

  • Rual, R. K. (1997). Industrial Finance in India. New Delhi: Anmol Publication Pvt Ltd.

  • Sharma, B. P. (1974). The Role of Commercial Banks in India’s Developing Economy. New Delhi: S. Chand & Company Pvt. Ltd.

  • Shekhar, K. C. & Shekhar, L. (2005). Banking Theory and Practice. (14, pp. 86) New Delhi: Vikash Publishing House Pvt. Ltd.

  • SIDBI. (2010). Report on MSME Sector. pp. 14. SLBC. (2010). State Level Bankers Committee. Meghalaya.

  • Retrieved September 10, 2010 from http://www.articlesbase.com/business-articles/priority-sectorlending-by commer cialbanks110615 1.html#ix zz 19Pmxg wvk


Abstract Views: 331

PDF Views: 0




  • Role of Financial Institutions in Financing Small and Medium Entreprises: a Study in Garo Hills of Meghalaya

Abstract Views: 331  |  PDF Views: 0

Authors

J. U. Ahmed
Department of Management, North Eastern Hill University, Tura Campus, Tura, Meghalaya., India
Md. Abdul Rashid
Department of Commerce, Don Bosco College, Tura, Meghalaya., India

Abstract


With the development of alternative sources of funds, the dependence of industry on commercial banks for meeting their credit supplies has been declined although the share of credit to industry in India has significantly increased over the years. The commercial banks have of late emerged as the major supplier of industrial credit for small and Medium Entreprises (SME). There have been several confusing features of credit flow to SME sector in recent years. Hence, an experiential study on efficacy of financial institution in financing small sector is relevant exercise. The present paper, therefore, is an attempt to examine the role of financial institutions in financing SME sector in Garo Hills of Meghalaya.

Keywords


Financial Institutions, Small And Medium Entreprises, Garo Hills

References