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. Hence, for the growth of the manufacturing sector in the country and specifically in the eastern region, there is a need to focus on the msme the sector has shown impressive potential, it also faces a number of challenges to its growth story.
financing options like venture capital, factoring and supply chain financing as a route to access capital from bank and non bank sources. The innovative platform provided by the recently introduced SME Exchange, that promises to give the SMEs a much needed access to low cost equity capital, has also been analysed.
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