Page 6 - IMDR MSME BOOK 2021

PREFACE

The Micro, Small and Medium Enterprises (MSME)
sector has been identied as the growth propeller in
India and contributes signicantly to employment
generation, scaling up of manufacturing abilities,
balanced regional development and socio-economic
empowerment. It is the next major employer after
agriculture in the country. Therefore, it becomes
imperative to study the nancial management practices
of MSMEs to understand the reason behind their
nancial difculties. In this book an attempt has been
made to study the selected nancial variable to
understand the effectiveness of the nancial manage-
ment of the MSMEs in Pune City and Pimpri-Chinchwad
Area. An attempt has been made to throw a light on the
extent of application of various nancial management
tools in nancial decision making by selected MSMEs,
which has further paved a way to identify the challenges
faced by MSME in managing nance for their enterprise.