The Goa government’s TReDS adoption is worthy of emulation
Other states could ease stress points for MSMEs by using a system that assures them swift payments
Economists and policymakers are unanimous in their desire to see improvement in the access that micro, small and medium enterprises (MSMEs) have to finance. The Union government had taken several measures to improve the working capital situation for small businesses. The MSME Development (MSMED) Act of 2006 provides for the naming and shaming of large buyers that don’t pay small businesses on time for goods procured or services received. MUDRA loans were designed to widen credit availability. The Emergency Credit Line Guarantee Scheme of the Centre stimulates the extension of new credit to small businesses.
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