MSME loans emerging as one of the preferred lending options for entrepreneurs
Small and medium enterprises need funds to buy equipment, refill inventory, expand operations, increase working capital and more. To help those in the MSME space get access to funds, lenders are offering MSME loans.
Micro, Small & Medium Enterprises (MSMEs) contribute to almost a third of India’s total GDP and employ a large section of the population. MSMEs are therefore vital to the country’s economic growth. And with new technology opening up more avenues in the MSME sector, entrepreneurs today have a lot of opportunities to look forward to.