Performance of Lead Bank and its’ Credit Plan to Micro, Small and Medium Enterprises (MSMES) in Tirunelveli District

Abstract

This study is focus on the performance of the small scale sector (Now it is called Micro, Small and Medium Enterprises (MSMEs) in the spheres of production, employment, and exports has been impressive. In order to solve the unemployment problem and to have an equitable growth of MSMEs in developed and backward areas, the District Industries Centre was formed in Tirunelveli District. Many programmes have been launched in order to encourage self-employment through the District Industries Centre. Yet, there is always the question whether the financial assistance provided by the banks to MSMEs is enough to meet the ever-increasing demand for finance from the units. Hence, the present study is an attempt to analyse the adequacy of the financial assistance provided under lead bank scheme by the Indian Overseas Bank to Micro, Small and Medium Enterprises and its impact on the growth of enterprises in Tirunelveli District.