At present, in order to apply for a loan, the requirement is for the business to be at least three years old. How can businesses take off, let alone succeed, in such a financially risk-averse environment?
The authorities ought to step up, to ensure that these institutions nurture micro, small and medium enterprises (MSMEs) in the country. Only by doing so can we pave the way for multiplier effects on spending, investment and employment.
Small Businessman
