The Narendra Modi govt must focus on enabling them for inclusive growth
The life of a small entrepreneur is a tough one. He faces the worst of the inspector raj that makes India such a tough place to do business. He has to battle credit constraints that hurt his ability to grow his business. Whatever bank finance he can access comes at far higher interest costs than what large enterprises can negotiate. He works with very long receivables cycles that make a mess of working capital management. He has little access to trained labour, technical progress and management support.