SME SECTOR FACING INSURMOUNTABLE CHALLENGES
STRENGTHENING CGS IS THE KEY FOR THIR REVIVAL
2022-03-17 10:42
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Small and Medium-sized enterprises are widely regarded as the backbone of economies around the world. Their contribution to gross domestic product and exports is unique and they employ a greater share of population than many bigger enterprises globally. In Asia they typically comprise more than 90 per cent of enterprises while contributing to immensely to job and job creation and exports. However, they are facing insurmountable challenges which urgently require strengthening of Credit Guarantee Schemes and other services.