Main Article Content
Abstract
Micro, small and medium sector enterprises have a vital role in in the economic growth of a developing nation like India. These enterprises play a catalyst role in the development of industrial and commercial activities. In the overall value chain of different industries these firms are placed in critical positions. It is, therefore, imperative to focus on the issues which impact the creation, survival and growth of the firms of the sector. One of such prime issues is the need of credits by these firms. The firms need credit assistance at different stages of their life cycle. The unique characteristics of this type of firms imply that their credit needs deserve focused attention. Therefore, the banks and other financial institutions have the responsibility to offer such credit products and financing schemes which address the requirements of MSME sector.