International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Call for Papers | Fully Refereed | Open Access | Double Blind Peer Reviewed

ISSN: 2319-7064


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Research Paper | Business and Finance | India | Volume 13 Issue 1, January 2024


Emerging Role of Financial Institutions in Entrepreneurship Development - A Inclusive Practice

Dr. Raghavendra K S [2] | Dr. Bheemanagouda


Abstract: Entrepreneurs play an important role in the development of the economy by creating jobs through establishing industries and businesses in all geographical areas, thereby promoting balanced regional development and an increased standard of living. However, entrepreneurs, these days face numerous challenges in their enterprises, the most significant of which is the availability of financial resources. The purpose of this study is to know the financial assistance provided by financial institutions to promote entrepreneurs. For a comprehensive analysis of the contribution of Karnataka State Financial Corporation (KSFC) towards the development of emerging entrepreneurs, the study covers ten years data (2012-2022) related to various financial schemes, scheme-wise allocation of funds, growth prospects, beneficiaries? management and so on. The CAGR analysis found the growth rate and other subsidised facilities towards entrepreneurship development during the study period. The findings of the study highlight that except during covid period in the rest of the years the performance in relation to sanction and disbursement of various schemes and identifying the beneficiaries and reaching the beneficiaries with interest rate subsidies and attractive loan schemes the KSFC performed moderately. Though the institution is taking initiatives by reducing the interest rates and providing new schemes some of the figures are not so attractive. The study concludes that KSFC must come up with new schemes and create awareness among people about the various financial facilities provided by them and manage their NPAs.


Keywords: Entrepreneurs, Financial Institutions, Entrepreneurship Development, Schemes, Awareness


Edition: Volume 13 Issue 1, January 2024,


Pages: 822 - 827


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