MSMEs And SMALL BUSINESSES
Financial services for:
- SME sector is the growth engine of Indian economy & Second largest source of employment (40% workforce)
- Globally, MSME’s MSMEs contribute between 30 - 60% of GDP vis-a-vis just around 10% in India.
- The sector contributes 45% to the total manufacturing output and 40% to the exports from the country
- SME & MSME form 95% of Industrial units
- Accounts for 16% of bank lending and Average growth rate of over 11%
Financial services for:
- Enabling MSME Value Chain
- Small & Medium Businesses
- Manufactures and Packagers
- Small Transportation Vehicles
- Term and Demand based products