Credit Flow to MSME Sector in India: Role of Credit Guarantee Scheme
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Indian Banker ( IBA Bulletin as previously Known); 4(8)March 2017Summary: Micro, Small and Medium Enterprises (MSMEs) play a vital role in the growth of developing economies. India has accorded its highest priority for the development of robust MSMEs which are considered to be the seedbed for enterprise development. Credit is considered to be an important enabler in the development of robust MSME network across the country. Sovereign government and the central bank had taken various initiatives to ensure that the credit needs of the hitherto neglected sectors and weaker sections were met. The essential concern was to persuade banks to make available credit to not so creditworthy clients.
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Micro, Small and Medium Enterprises (MSMEs) play a vital role in the growth of developing economies. India has accorded its highest priority for the development of robust MSMEs which are considered to be the seedbed for enterprise development. Credit is considered to be an important enabler in the development of robust MSME network across the country. Sovereign government and the central bank had taken various initiatives to ensure that the credit needs of the hitherto neglected sectors and weaker sections were met. The essential concern was to persuade banks to make available credit to not so creditworthy clients.
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