Role of Working Capital Financing In Unorganized Small Scale Powerloom Sector In West Bengal: An Evaluative Study
Journal Title: International Journal of Humanities and Social Science Invention - Year 2018, Vol 7, Issue 7
Abstract
Every business needs funds for two purposes, for its establishment and to carry out its day to day operations. Long-term funds are required to create production facilities represent that part of the firms’ capital which is blocked on a permanent or fixed basis and is called blocked capital or fixed capital. Funds are also needed for short-term purposes known as working capital. In small scale powerloom sector in West Bengal the amount of block capital includes the component capital required for acquisition of powerlooms and other capital expenses. Working capital is required for the purchase of spun yarns, raw materials, payment of wages to workers and any other day to day operations, but this amount, again, varies with the variety and types of cloth produced. No business can run successfully without a sufficient amount of working capital Working capital shows strength of business in short period of time. If Company has sufficient working capital, Company can easily pay off the creditors and create his reputation in market. The need of working capital arises due to the time gap between production and realization of cash from sales. Again, both excess as well as short working capital positions are very bad for every business.
Authors and Affiliations
Dr. Uttam Paul
Keywords
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