For the economic well-being of India, it is imperative to focus on the overall development of Small and Medium Enterprises (SMEs)-the nucleus of its economy.Access to finance is a core ingredient for SMEs to thrive in their drive to gallop forward, generate employment and contribute to economic prosperity.Without funds, SMEs cannot secure new technologies nor can they explore new geographies to compete in global markets or even strike business linkages with larger organizations. The recent launch of MUDRA (Micro Units Development Refinance Agency) Bank with a capital amount of Rs 20,000 crore and a credit guarantee amount of Rs 3,000 crore that aims to resolve pain points related to financing, should make SMEs breathe more easy now.With this launch, the SMEs in India can now up the ante and work towards unleashing their true potential. Here we take a ringside view on how MUDRA bank can play a crucial role in helping SMEs grow and combat challenges related to access of timely and unrestrained flow of funds.
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How MUDRA Bank will help SMEs grow in India?

Apr 29, 2015