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Abstract
India is the second most populous country in the world with a population of 1.3 billion. Higher population means a pool of talent, knowledge, skills that can generate new ideas to improve productivity across a number of areas. To implement innovative ideas, entrepreneurs need strong technical, financial and other support. Although large enterprises are able to manage all of the above resources, small enterprises face many constraints in the initial stage. The challenges for developing countries are many, rather than those of the developed ones, as they have to deal with the problems of raising funds under financial and institutional deficiencies. This paper examines the financial challenges faced by small and emerging entrepreneurs.