..........One of the proposals that makes sense is the government proposing to set up a committee to examine the flow of funds to SMEs. The proposed committee will have representatives from Reserve Bank of India, Finance Ministry and the Ministry of Small and Medium Enterprises. This was very much needed. Although it is common knowledge that SMEs in India face severe challenges in terms of access to capital at different stages of running an enterprise and also grapple with high interest rates, government records on the problem are dismal. A centrally monitored ............
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Budget of hope though not a dream for the MSMEs. The start-ups get a shot in the arm; equity gets as much attention as debt; provides room for exit to the ailing and declaring bankruptcy for the sick. The bleeding industrial parks may shortly remain non-contagious. Entrepreneurship has scope to flourish in rural areas preventing migration to the crowded urban areas.
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