Influence of Family Involvement Towards Financial Access in MSMES — A Perspective

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  • Research Scholar, Avinashilingam Institute for Home Science and Higher Education for Women, Coimbatore – 641043, Tamil Nadu ,IN
  • Assistant Professor, Avinashilingam Institute for Home Science and Higher Education for Women, Coimbatore – 641043 ,IN



Entrepreneur, Family Involvement, Financial Access, MSME


The MSME sector is a prime factor in the national economic development of the world as it plays a strategic role in opening employment and new business and contributing greatly to encouraging the increase of GDP. A few pieces of research show that MSMEs’ sustainability and resilience are continuously vulnerable to risk. The key dimension for MSMEs is their financial sustainability. It relies on MSMEs’ ability to depend on oneself-operations and implies that the MSME should make a profit from its operations. Financial resources help to sustain and survive the development of Micro, Small, and Medium Enterprises (MSMEs). Access to the financial source is very important in the entrepreneurial development and economic growth of a country. Most importantly, it must be timely. The focus of this study is on the influence of family involvement on financial access in MSMEs, as the success of any business depends upon their involvement and support. Their contribution motivates entrepreneurial initiatives to the next level of advancement. This study surveyed on 80 MSMEs from different sectors in Kerala. Data were collected from 80 entrepreneurs. The developed conceptual framework was tested using the Structured Equation Model (SEM) and analysed through AMOS. SPSS 23.0 version software was used to analyse the data collected through a structured questionnaire. Most of the firms operated under the complete influence of family were more productive, competitive, and innovative and gave a good financial accessibility Cronbach’s score of 0.281. Such MSMEs had perfect business sustainability blended with financial stability. Moreover, the firms operated under the family influence outperformed their non-family counterparts. This study highlights the importance of family involvement in financial accessibility and their contribution to the success of any MSMEs in Kerala.


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How to Cite

Rasmi, P., & Ramya, K. (2023). Influence of Family Involvement Towards Financial Access in MSMES — A Perspective. SDMIMD Journal of Management, 14(2), 35–46.



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