Micro, Small and Medium Enterprises (MSMEs) often lack the collateral to get adequate finance from financial institutions.
Micro, Small and Medium Enterprises (MSMEs) contribute nearly 30% to India’s Gross Domestic Product and generate employment for approximately 100 million people in India.
There’s a stigma associated with the word debt that makes business owners panic and run in the opposite direction upon hearing it.
Covid -19 pandemic has burdened small businesses with innumerable operational and financial challenges.
World Bank data reveals that MSMEs are the largest employers in developing countries despite having the least financial and regulatory support.
With over 42.50 million SMEs in India, both registered & unregistered, they comprise a staggering 95% of the total industrial units.