CHALLENGES WITH MSME BANK FINANCING IN UTTARAKHAND WITH SPECIAL REFERENCE TO DEHRADUN, INDIA: AN ANALYSIS

The current research focused on understanding the challenges in bank financing for MSMEs in Uttarakhand with special reference to Dehradun. For conducting the research adopts both qualitative and quantitative approach, Random Sampling Technique for MSME respondents. The researcher approached Three hundred and seventy-five people gave their consent to take part in the survey, so total sample size is 375 out of 500 entrepreneurs of MSME in which 50 bank officials are selected for MSME financing in Dehradun. It was concluded, MSMEs are not aware of many sources of finance that are available to them. Due to lack of awareness, the lack of finance prohibits business growth, limiting the reach of refined-talent to a particular region. Hence, the null hypothesis was rejected and the alternative hypothesis (H1₀, H2₀, H3₀, H4₀, H5₀) was approved due to their p-values being below 0.05 with respect of research objective for MSME financing in Dehradun, Uttarakhand. The suggestion was also made in this respect to create good link between entrepreneurs and government information to start venture in proper ways to reduce risk and offer convenience to the customer.