Reducing payment delays by state-run firms could solve their credit woes and help them expand
The present government has set great store by micro, small and medium enterprises (MSMEs) and entrepreneurship as engines of growth. Rightly so. The Mudra and Start-up India initiatives are illustrative of its keenness to promote a million new enterprises. These notwithstanding, credit growth to the MSME sector, particularly industries, is negative. Further, the problem of fund availability is not just of accessing institutional credit, but also about working capital availability.
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