As the Union Budget 2025 nears, India’s microenterprises comprising 98.5 per cent of the MSME sector are calling for easier access to credit, reduced compliance burdens, and a more supportive policy environment.

Given their significant role in employment generation, particularly in rural and semi-urban areas, microenterprises are seen as key drivers of India’s Atmanirbhar Bharat vision and the goal of a USD 5 trillion economy.

Lakshmi Venkatesan Venkataraman, Founding and Managing Trustee, Bharatiya Yuva Shakti Trust, said, “One of the key concerns for microentrepreneurs is access to timely and adequate credit. While fintech firms and NBFCs process loans in a few days, banks still take 2-3 months, causing delays.” ..read more