Strengthening MSMEs: Challenges & Opportunities
Strengthening Micro, Small and Medium Enterprises (MSMEs) in India presents opportunities for economic growth, employment generation, and innovation. However, challenges include access to finance, technological adoption, regulatory compliance, and market competition, requiring targeted support and policy interventions.
Challenges of MSME Sector in India
- Access to Finance: Despite several initiatives like Pradhan Mantri MUDRA Yojana, many MSMEs still face difficulties in securing loans due to lack of collateral and high credit risk perception by banks. A survey by the Reserve Bank of India (RBI) in 2023 highlighted that 40% of MSMEs reported inadequate access to formal credit as a significant ....
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- 2 FRBM Act: Fiscal Prudence vs. Contingent Compulsions
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