An Analysis on Consciousness of Entrepreneurs in Small Scale Industries (Ssis) towards Various Sources of Financing: with Reference to Howrah District of West Bengal

Abstract

Small-scale industries (SSIs) are defined as firms with a limited scope of operations. These industries often have limited capital, limited production capabilities, and a focus on a specific geographic area. These companies are also necessary for the economic development of any nation. It does this by encouraging entrepreneurship, industrial diversification, and employment. Starting company owners usually get financing from a variety of sources, such as bank loans for their ventures, government agencies schemes, cash from personal savings, money from friends & family, and innovative sources.  Entrepreneurs need to understand the requirements and expectations associated with each of the many financing sources in order to effectively get start-up capital. This paper reflects an analysis on consciousness of entrepreneurs in SSIs towards various sources of financing in Howrah district of West Bengal.