Page 29 - IMDR MSME BOOK 2021

Managing Finance in Micro, Small & Medium Enterprises
management practices. It has been playing a dominant
role in not only determining MSMEs’ growth but also in
enabling their sustainability.
Figure 2 : Research Process

Research Gap
Finance is one of the crucial sources for every
organisation. Two major concern areas are related to
nance: Raising nance and Managing nance. There
are various sources available for MSME to raise the
nance. The present study concentrates on Managing
the nance. Once the nance is raised by the MSMEs,
nancial management becomes a routine task for them.
Researchers have identied that; several studies have
been done to analyse the signicance of proper nancial
management of the MSME for the growth and to fetch
affordable funding facilities. The dearth of literature was
observed in nancial management done by MSMEs.
There were no clear studies related to the variables
selected under this study with special reference to
MSMEs in Pune.
In the present study an attempt has been made to use
the selected nancial variable to understand the
effectiveness of the nancial management of the MSMEs