Small and Medium Enterprises (MSMEs) are the backbone of the Indian economy, contributing nearly 30% to India’s GDP and generating over 100 million jobs. However, these MSMEs face several challenges, one of which is access to finance. Despite numerous government initiatives, MSMEs continue to struggle with securing loans from financial institutions, hindering their growth and […]
Introduction: Small and medium-sized enterprises (SMEs) and micro, small, and medium-sized enterprises (MSMEs) play a vital role in the Indian economy, contributing to approximately 45% of the country’s industrial output and 40% of its exports. However, access to credit remains a significant challenge for these businesses, with a significant gap present in the credit market. […]