Unlocking India’s MSME Potential: Bridging the Credit Divide for a Viksit Bharat
India’s path to economic prosperity is closely intertwined with the success of its Micro, Small, and Medium Enterprises (MSMEs). These dynamic businesses are not just key economic drivers; they form the backbone of the nation’s industrial output, generate jobs, and fuel innovation. Accounting for 45% of industrial output, over 40% of exports, and one-third of India’s GDP, MSMEs are central to the government’s vision of achieving a 'Viksit Bharat' by 2047. However, despite their importance, a significant roadblock remains: the...