Budget 2019: Access to credit, increased ease of doing business, top demands of tier 2, 3-based MSME

Employing over 60 million people and contributing 45% of industrial output and 40% of the country's exports, #MSMEs are the critical growth driver of the Indian economy. However, in recent times, reeling under subdued market demands for their items (both domestically and internationally), coupled with mounting NPAs, and regulations like the GST and the Insolvency and Bankruptcy Code (IBC), the sector has largely been sailing in rough waters.

#sme #msme #smesector #smes

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