Impact of Microfinance on Micro Enterprises: A Study with Reference to Growth and Financial Literacy of Small Enterprises

Microfinance is considered as one of the most vital tool for the success of most of the small enterprises. The required support for the growth of small enterprise is provided for microfinance. This study tries to found out the impact of microfinance on micro enterprises that are aiming for financial literacy and Growth in Tumakur city of Karnataka. The data has been collected by the structured questionnaire and method of has been adopted by the convenience sampling technique. The 100 respondents are taken as sample size who are operating the small and medium enterprises in Tumakur. By using SPSS Software for analyzed and one Sample t test and mean the statistical tools are used. The results reveal that there is a positive association of Micro finance a growth and financial literacy of small enterprises.