MSME loan schemes and its beneficiaries
This article is written by Rashi Singh currently pursuing LL.B. from Campus Law Center, Faculty of Law, University of Delhi. The below article deals with the MSME industries, and various schemes being offered to the MSMEs by the government.
Indian economy, as we all know, is a developing economy.
Long-term growth of the economy largely depends on the young population, investment levels, healthy savings, and also its incorporation into the world economy.
One sector which has become the backbone of the national economy and continuously being presented as the synonym of resilience in terms of warding off the global economic shocks and adversities is the MSME sector.
In this article, we will particularly talk about the new age catalyst of the Indian economy, the MSME sector, and various loans and credit fund schemes being offered to the sector by the government.