Re-imagining finance for MSMEs to transform the Indian economy
Re-imagining finance for MSMEs to transform the Indian economy December 19, 2020, 11:01 PM IST “Every business starts small.” Our small businesses are the growth engines of the Indian economy, contributing 30% of the GDP. However, they are facing the most trying times during this pandemic. At least 10% of micro-enterprises, 99% of India’s enterprise base, shut shop permanently post lockdown. Widespread informality and limited access to formal credit among India’s ~70 million enterprises has meant that less than 7% of India’s enterprises will benefit from the Govern...
Source: indiatimes.com