FirstpostDec 13, 2021How banks can support MSMEs beyond lendingOwing to the massive reach and networks, banks can guide MSMEs through right collaboration, business protection and knowledge sharing.In India, around 63 million Micro, Small and Medium Enterprises (MSMEs) employ more than 100 million people. With its vast potential as a source of employment and equitable development, the MSME sector is a growth engine for the country's economy and overall progress.The MSMEs have the potential to push India towards the ambitious goal of a $5trillion economy, and it becomes crucial to support them with all the means.Read more at Firstpost
Owing to the massive reach and networks, banks can guide MSMEs through right collaboration, business protection and knowledge sharing.In India, around 63 million Micro, Small and Medium Enterprises (MSMEs) employ more than 100 million people. With its vast potential as a source of employment and equitable development, the MSME sector is a growth engine for the country's economy and overall progress.The MSMEs have the potential to push India towards the ambitious goal of a $5trillion economy, and it becomes crucial to support them with all the means.Read more at Firstpost
