The Standing Committee on Finance has prepared a multi-year road map to strengthen credit flows to the micro, small and medium enterprises or the MSME sector. Currently, more than 60 per cent of India’s 6 crore-plus MSMEs are not borrowing from the formal financial sector,
A Vyapar Credit Card for MSMEs
Government data indicates that less than 40 per cent of MSMEs borrow from the formal financial system
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