Financing Preferences in MSMEs: A Secondary Data Perspective from Maharashtra

Author(s)	Ms. Ruchi Bhakta, Dr. Harish Purohit
Country	India
Abstract	This study draws on secondary empirical data (2017–2025) to explore financing preferences among MSMEs in Maharashtra, India's leading industrial state. It analyzes the dominance of internal funds and short-term debt, sectoral variations, and the impact of government schemes such as CGTMSE on formal credit access. Trends indicate 60–70% reliance on internal sources, with fintech and scheme-driven growth improving urban access by 15–25%. The paper discusses how balanced financing mixes reduce leverage risks while highlighting rural-urban and owner-demographic disparities. Recommendations include streamlined approvals and expanded fintech outreach to support sustainable growth in Maharashtra's diverse MSME ecosystem.
Keywords	Financing preferences, MSMEs Maharashtra, internal financing, short-term debt
Field	Business Administration
Published In	Volume 8, Issue 1, January-February 2026
Published On	2026-02-04
DOI	https://doi.org/10.36948/ijfmr.2026.v08i01.68047
Short DOI	https://doi.org/hbnp2d

About IJFMR Fees & Payment Current Issue Publication Archive	Submit Research Paper Track Submission Status Publication Guidelines Publication Ethics Peer Review & Plagiarism	Join as a Reviewer Editors & Reviewers Reviewer Referral Program Get Reviewer Membership Certi.	Website/Journal Policies Usage Policy Content Policies Privacy Policy

Contact Us		+91-9687-828-838	editor@ijfmr.com

International Journal For Multidisciplinary Research