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VOL. 5, ISSUE 3 (2023)
A comparative study of financial assistance to small scale industries by SIDBI and UP financial corporation
Authors
Shiv Shankar, Mahendra Pal Singh Yadav
Abstract
Finance is a major elements for a development
like blood in a body. Banking sector has played an important role to
development of a country. A lot of institutions provides financial assistance
to trade, industries. Small Industrial Development Bank of India (SIDBI) and UP
financial corporation plays a significant role in promoting small scale
industries. These are a major source of finance for Micro, Small and Medium
enterprise which includes various industries and trade. The schemes and
policies of SIDBI and UP financial corporation are formed to provide finance to
beneficiaries according to requirement of industries. It provides the
infrastructure on which agriculture; industries and trade of nation depends. By
providing loans to agriculture and small-scale sector they can solve the
problems of unemployment and under employment. Secondary sources were used in
the research. The Majority of the information was taken from the SIDBI Annual Reports
and UP financial corporation Annual Reports. According to the report, the
majority of performance ratios and indicators have an upward trend and a
positive growth rate, which shows how effectively SIDBI and UP Financial
corporation have performed. Hence in the present paper an attempt to
Comparative study of financial Assistance to Small scale industries by SIDBI
and UP financial corporation.
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Pages:25-28
How to cite this article:
Shiv Shankar, Mahendra Pal Singh Yadav "A comparative study of financial assistance to small scale industries by SIDBI and UP financial corporation". International Journal of Commerce and Economics, Vol 5, Issue 3, 2023, Pages 25-28
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