TAILIEUCHUNG - Market analysis of financial institutions and entrepreneurship in India

The purpose of this research is to investigate ease/difficulties faced by Start-Ups /MSME in India. The research is based in Bengaluru, Karnataka, India, five major banks located in the city were approached. The amount of support offered by banks to open a business bank account was investigated through interaction with representatives. | Market analysis of financial institutions and entrepreneurship in India International Journal of Management IJM Volume 10 Issue 6 November December 2019 7 Article ID IJM_10_06_001 Available online at http ijm JType IJM amp VType 10 amp IType 6 Journal Impact Factor 2019 Calculated by GISI ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication MARKET ANALYSIS OF FINANCIAL INSTITUTIONS AND ENTREPRENEURSHIP IN INDIA Dr. Sheeza Ismail Patel The University of Wollongong Australia ABSTRACT The purpose of this research is to investigate ease difficulties faced by Start-Ups MSME in India. The research is based in Bengaluru Karnataka India five major banks located in the city were approached. The amount of support offered by banks to open a business bank account was investigated through interaction with representatives. It was found that banks offered several services at low charges and minimum requirements to ease the burden on new businesses. However financial institutions do not offer early-stage funding this made the new businesses struggle to gain initial working capital. Keywords Entrepreneurship financial institutions Innovation MSME Start-Ups. Cite this Article Dr. Sheeza Ismail Patel Market Analysis of Financial Institutions and Entrepreneurship in India International Journal of Management 10 6 2019 pp. 1 7. http IJM JType IJM amp VType 10 amp IType 6 1. INTRODUCTION The standard practice of business studies towards entrepreneurship is opportunity identification and new venture creation. Global Entrepreneurship Monitor GEM defines an entrepreneur as an adult who is engaged in setting up or operating a new venture that is less than 42 months old Parker S. C. 2018 . Entrepreneur catalyzes the process of economic development. The concept of equating new venture creation with entrepreneurship fails in several ways as most of them are replicative rather than .

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