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India has over 70 million MSMEs, creating over 111 million jobs and contributing around 30% to India’s GDP. Supported by momentum in retail consumption and digital payments, MSMEs sit at the center of India’s economic development. Despite these encouraging numbers, timely access to finance remains a key constraint for the growth of micro and small businesses. Only about 12-14% of overall formal credit goes to them, leading to a significant credit gap.
Dialogue with Arun Nayyar, Managing Director & Chief Executive Officer, NeoGrowth
Published on : Dec / 20 / 2024
