Empirical Analysis of Financial Crunch in Tourism Related MSME (Micro Small & Medium Enterprises): With Special Reference to Himachal Pradesh
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This is a well-known truth that the MSME sector of Indian economy is still in growing stage and all the government agencies and authorities are taking the relevant and necessary step to join the same in mainstream financial system of the country. Then on the other hand it is also true that no business is going to flourish without the financial assistance and the growth of tourism related MSME is somewhat dependent on financial assistance from external sources. As per the report of MSMEs in various years it was found that service related MSMEs are at the lowest level of priority list of financial institutions. This present study will try to understand the gap between the perception and expectation of financial institutions regarding service related MSMEs and also try to find the nature of factors responsible for the same. The sample of the study is tourism related MSMEs of Himachal Pradesh, total sample size is 22 such MSMEs.
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