Financial Disruption

2018 Year of Financial Disruption for MSMEs

PNB Scam and later ILF&S nightmare proved to be extremely disruptive for the financial landscape of the country and MSMEs got influenced by these. While acknowledging some of the positive development of 2018 from the perspective of MSMEs, R Nayaran Managing Director and founder of Power2SME said, “The year 2018 has been a mixed bag for MSMEs in India. For a sector that employs over 100 million people and contributes 28.77% to the nation's GDP, the proactive initiatives introduced by the Government are a step towards neutralizing the MSMEs’ extraneous suffering."