16
Oct
Micro, Small, and Medium Enterprises (MSMEs) have become the backbone of many economies worldwide. These enterprises play a crucial role in fostering innovation, generating employment, and contributing to the overall economic development of a country. To support the growth and sustainability of MSMEs, various financial mechanisms are put in place. One such critical mechanism is the MSME loan. This article aims to provide an in-depth understanding of what is an MSME loan, its full form, and the benefits it offers to small business owners. Introduction Small and medium enterprises often find themselves in need of financial assistance to grow, sustain,…