SME export can touch new heights but first these issues should be addressed

SME export

SME Export: SMEs or small and medium enterprises account for near 40 per cent of India’s total export volumes but are some of the most underserved when it comes to working capital provisions. Demands for collateral, long processing times, heavy paperwork burden, and other such factors contribute towards making working capital highly inaccessible for SMEs. Institutions like factoring firms and NBFCs offer alternative financing solutions; however, many SME exporters are unaware of these offerings. At a time when the Modi government is seriously thinking to enhance the export via SMEs these issues need an urgent address, say SME experts.

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