International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Barriers To Access Credit for MSMEs

Author(s) Mr. Piyush Khobragade, Ms. Vaishnavi Jaiswal, Ms. Anchal Tayade
Country India
Abstract It is difficult for micro, small, and medium-sized enterprises (MSMEs) to get the capital necessary for expansion and sustainability. Granted that they are fundamental to driving innovation, job creation, and economic growth, they are concentrated in the informal sector and, therefore, unable to access formal financing. This phenomenon is explained by the excessive documentation, high collateral demands, and the perceived high risk of lending to them. This study attempts to identify the problems that MSMEs have in sourcing capital, with particular emphasis on the barriers of information gaps, market and regulatory inefficiencies, and low financial literacy. The study employs the quantitative method of primary data collection through the surveying of owners of MSMEs. Many statistical methods are used to look at the data, which is done with the SPSS software. These include summary statistics, association analyses, and regression analyses, among others. According to the data analysis, small firms face more obstacles when trying to get loans from alternative funding sources due to the regulations and fees imposed by banks and the government. Fintech and other digital lending technologies streamline the loan application process for small enterprises. The analysis helps in understanding the significance of financial literacy, digital lending, government investment, and policies in facilitating financing to MSMEs and thereby achieving sustainable economic growth.
Keywords MSME, Credit Access, Financial Barriers, Informal Finance, Financial Literacy, Digital Lending, Government Policies, Fintech.
Field Business Administration
Published In Volume 8, Issue 2, March-April 2026
Published On 2026-03-21
DOI https://doi.org/10.36948/ijfmr.2026.v08i02.72160
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