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  • Financial Express

How removal of foreclosure charges from SME loans can benefit banks and government also

Credit and finance for MSMEs: SMEs are vital to India’s economy, contributing 40 per cent of the nation’s GDP and around 43% of its exports. However, these businesses face significant financial management challenges, compounded by their need for funds. Although various funding sources are available for SMEs in India, secured and unsecured bank loans remain the most widely used option.

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