Working Capital Financing in Indian Micro Small and Medium Enterprises (MSME) in the Backdrop of Privatization, Liberalization & Globalization
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Abstract
Working capital is required for the smooth functioning of routine operations of a business.
Business organizations that is having ample amount of working capital can confidently claim for
long-term success of business. Then on the other hand working capital also provides a basis for
meeting the objectives of all the respective stakeholders of business like wealth creation,
management of cash, etc. Rather working capital is a kind of assurance for long term success of the
organization. This present study evaluates the stature of working capital in case of MSMEand
the area of study is Madhya Pradesh.
The researcher has considered 50 organizationsregistered under MSME in all the three modes i.e.
Micro, Small and medium. The study includesboth the primary and secondary data. Considering a
broader view, companies do need working capital to manage the current assets and liabilities and
maintaining the equilibrium between the two. Likely the management of working capital is in close
contact with the current assets and liabilities. In another sense it can be stated that adequate
working capital is required i.e. not more than or less than the requirement. For any of the given
firm, the policy followed in terms of working capital is very important because the amount
endorsed as the part of working capital is having its impact on the liquidity, profitability and overall
health of the organization
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