Main Article Content
Abstract
New ventures play an important role in all economies of the world. Their importance can be described in terms of employment generation, stimulating growth, contribution to GDP, income generation and improving the standard of living. To get a life for new ventures, finance is an inevitable element. However, access to finance is an important problem the entrepreneurs face today. Lack of access to finance act as an important constraints for new ventures. Banks, the important lender of the nation shows a great hesitation in lending to new ventures. High interest rate and procedural formalities are some of the problems faced by the entrepreneurs. Besides these financial problems entrepreneurs face many other difficulties including workforce related issues, technical issues, production related issues and also legal matters. Since finance is the lifeblood of business and it is an important element for a business to get started, financial access problems of entrepreneurs is considered as the area of concern for the purpose of carrying out this study. Though finance act as a major constraint, entrepreneurs seems to be highly motivated due to certain factors. It can be both internal as well as external factors. So it is also important to study about those factors which generate a motivation to the entrepreneurs amidst of this financial contingency. So this study is undertaken to understand the financial issues including the factors which restrain them from access to finance such as problem of getting loans, repayments schedule etc. and also the motivating factors. Entrepreneurs are needed for the society to increase the economic value and also to provide job to youngsters. Motivation cannot lead them to a great success. Motivated minds along with sufficient financial assistance can create wonders in the form of ventures.