Government Working On Enhancing Availability Of Finance To MSMEs

Nitin Gadkari, Union Minister for Micro, Small and Medium Enterprises (MSMEs) and Road Transport & Highways has stated that Government of India is working on reducing restrictions in order to increase ease of doing business in MSME Sector. Gadkari said that there is a huge potential in the sector for creating more jobs, contributing to more export earning by the sector. He said that excellence shown by awardees will motivate entrepreneurs all over the country to strive for higher standards of performance and will be emulated by many more entrepreneurs. The Minister also stated that Government is working on enhancing availability of finance to the sector and the banks have done better in terms of providing loans this year. He also suggested that better performing MSMEs should go into capital market and get investments from the public which will increase their share value providing returns to the investors and making availability on investments to such enterprises.

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