GROUNDS AND PROCEDURES – INDUSTRIAL APPLICABILITY OF ROLE OF BANKING SECTOR IN THE GROWTH OF SMALL AND MEDIUM ENTERPRISES: A COMPARATIVE STUDY

AUTHOR-  SIYA SHARMA* & DR. MEENU GUPTA**

* STUDENT OF LAW, AMITY LAW SCHOOL, NOIDA, UTTAR PRADESH. EMAIL – SIYA.SHARMA6@S.AMITY.EDU

.** PROFESSOR OF LAW, AMITY LAW SCHOOL, NOIDA. EMAIL – MGUPTA1@AMITY.EDU

BEST CITATION – SIYA SHARMA & DR. MEENU GUPTA, GROUNDS AND PROCEDURES – INDUSTRIAL APPLICABILITY OF ROLE OF BANKING SECTOR IN THE GROWTH OF SMALL AND MEDIUM ENTERPRISES: A COMPARATIVE STUDY, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 5 (8) OF 2025, PG. 796-810, APIS – 3920 – 0001 & ISSN – 2583-2344

Abstract

This research paper examines the grounds and procedures underlying the industrial applicability of banking sector initiatives in fostering Small and Medium Enterprise (SME) growth across different economic contexts. Through comparative analysis of banking practices, regulatory frameworks, and financing mechanisms in selected developed and emerging economies, the study identifies key industrial grounds that determine banking effectiveness in the SME sector. The findings reveal significant variations in procedural approaches to SME financing, with regulatory environments, institutional arrangements, and technological adoption emerging as critical determinants of successful industrial application. The paper concludes with actionable recommendations for optimizing banking procedures to enhance industrial SME growth while accommodating contextual differences across economic environments.

Keywords: Banking sector, SMEs, industrial financing, procedural frameworks, comparative analysis, economic development