MSMEs are contributing significantly to the Indian Economy. Almost 90% of the industrial units of the country are SMEs which employ 40% of the work force. Therefore their growth is deeply connected with India’s growth story. So, the question arises what needs to be done to enable MSMEs growth and enhance their competitiveness.
Banks and other financial institutions supporting SMEs growth
Credit rating support for SMEs growth
How is listing helping MSMEs?
The way ahead for MSMEs
The MSMEs have done well for themselves so far but to continue this journey they should invest innovate and integrate. They should invest in manpower and technology solutions, innovate by upgrading the product mix, change delivery platform, service level improvements, look for new markets and integrate with the global value chain.
A B Ravi of CNBC – TV18 had a detailed discussion on framing the right model and evaluating credit risk for the MSMEs with Manish Jain -MD and Head, Commercial Banking, India, Standard Chartered Bank, Krish Sitaraman – Senior Director , Crisil and Bharat Panchal, Senior Vice President & Head, Risk Management, National Payment Corporation of India.
Catch the full episode: https://www.youtube.com/watch?v=6W1P5G4PxXk
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