Financial Management Practices in Maharashtra SMEs: A Secondary Data Analysis
Ms. Ruchi Bhakta, Research Scholar,
Dr. Harish Purohit Research Guide,
Department of Commerce, Shri JJT University, Jhunjhunu, Rajasthan, India
Abstract : This paper synthesizes secondary data from empirical studies (2017–2025) on financial management practices in Small and Medium Enterprises (SMEs) in Maharashtra, India, focusing on aspects like financing preferences, working capital management, cash handling, and their impacts on performance. Drawing from regional insights, particularly in areas like Mumbai and Pune, it highlights how effective practices enhance profitability, reduce risks, and support growth amid challenges such as credit access and economic volatility. Findings suggest targeted improvements in financing strategies and working capital could bolster SME resilience, offering implications for policymakers and managers in Maharashtra's dynamic industrial landscape.
Keywords: Financial Management, SME, Maharashtra
