A Study on Perception of Women Entrepreneurs towards Bank Credit with Special Reference to State Bank of India, Madurai City

Abstract

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Women entrepreneurs play a substantial role in the economic development of the country. However, the contribution of women entrepreneurs is still insignificant due to a number of barriers to their financial inclusion. Finance is the backbone of an enterprise and lack of adequate financial support makes women entrepreneurs invariably struggle for the sustenance and survival of their business. Therefore, this study is focused on the key objectives to assess the level of awareness towards loans offered by State Bank of India (SBI) among women entrepreneurs, to identify the problems faced by women entrepreneurs in accessing loans in SBI, and to analyse the role of SBI in the development of women entrepreneurs. The sample size of 60 small-scale women entrepreneurs was considered using simple random method. The data was collected using semi-structured interviews and a questionnaire using Google Form. The generated data were tabulated with frequency tables and percentages using MS Excel, with analysis such as mean, Likert scale, and Garret ranking. This study revealed that most of the women are influenced by the push factors, such as financial independence, job satisfaction, skill enhancement, and so on, to take up entrepreneurship. The study also analysed that 87% of the entrepreneurs faced problems of lack of information, communication, and awareness in accessing credit in SBI. Furthermore, the study identified the role of SBI in offering credit facilities, and provided recommendations for creating awareness and providing proper training and education to women entrepreneurs to facilitate their growth and development.

Keywords: Women Entrepreneurs, Perception, SBI Loans, Entrepreneurship Development

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