Indian Journal of Science and Technology
Year: 2015, Volume: 8, Issue: Supplementary 4, Pages: 1-11
A. V. Chirputkar, Saurabh Saxena and Juhi Tarkas
SITM, Pune - 412115, Maharashtra, India; [email protected]
India has seen the development of the capital market since its globalisation and liberalisation policies which took place in 1992. The Government introduced various reforms in the capital market to give boost to economy. It has recently introduced a few changes which helped MSMEs to raise funds from the capital market. These reforms specially include dedicated stock exchange for SMEs and another step is towards Crowd Funding. Crowd funding provides a channel for SMEs to raise funds through capital market. The crowd funding is still at a consultation stage for SMEs. This paper proposed to study the framework and its applicability for micro-enterprises. Crowd funding is used with the help of extending small amounts by large number of investors on online platform/social media. There are various models of crowd funding. We propose a model of crowd funding along with its financial evaluation for Micro Enterprises.
Keywords: Crowd Funding, Micro Enterprises, Model, Business Transformation, SME, Capital Market
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