• JEFIN ANTONY

The study has been undertaken to assess the nature and pattern of sources of long term finance for the start-ups and also to analyse the difficulties in the procurement and utilization of funds by the start-ups. Start-up implies an organization, registered or incorporated in India that isn’t before 10 years, with annual turnover not surpassing Rs.100 crores in any preceding financial year, and dealing towards innovation, deployment, development, or commercialization of new products, services or processes or driven by technology or intellectual property as long as such entity isn’t shaped by splitting up, or reconstruction, of a business already in existence. Majority of the start-ups with mind-blowing solutions to the current and prominent social issues couldn’t survive in this big market due to non-availability of funds to finance their project or due to inefficient utilization of funds by them. The study analysed that the start-ups have raised finance for their current project mainly through Private finance and Bank loan and the most preferred sources of funds for the expansion of their project were Angel funds and Venture capital. The study revealed that there was delay in processing and sanctioning the loan or financial assistance by the Bank, Government Agency or others and also the cost of funds was relatively higher. Lack of proper mentoring in utilization of funds, failure in conducting regular follow-up of funds invested and lack of proper financial planning leads to ineffective utilization of funds for the start-ups.

"CHALLENGES IN PROCUREMENT AND UTILISATION OF LONG TERM FUNDS OF START-UPS IN KERALA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.861-869, June 2019, Available :http://www.jetir.org/papers/JETIR1907S36.pdf

"CHALLENGES IN PROCUREMENT AND UTILISATION OF LONG TERM FUNDS OF START-UPS IN KERALA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp861-869, June 2019, Available at : http://www.jetir.org/papers/JETIR1907S36.pdf