Transcription of Financing for MSMEs - pwc
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Financing for MSMEs - pwc
Financing for MSMEsThe eastside CII - PwC The Micro Small and Medium Enterprise ( msme ) sector in India is essential to achieving the targeted growth rate of our nation. This sector nurtures budding entrepreneurs and incubates innovation at its most rudimentary level. A growth in the msme sector not only ensures industrialisation in backward areas, but also indicates a more equitable Gini coefficient. In the last five-year plan, this sector demonstrated an average growth of 12%, raising the share of the manufacturing sector in GDP to 16%. With the country moving towards a more inclusive growth agenda, a robust msme sector can accelerate the growth rate, as they do not necessitate huge investments while simultaneously acting as ancillary units to larger industries.
Financing for MSMEs 5 MSME financing in eastern India Traditional financing options The number of new MSMEs has been consistently increasing across the nation. Financial support can be attributed as a reason for this. This has been possible through various debt instruments, limited equity capital and a slew of government schemes.
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