{"id":1352,"date":"2024-01-10T06:26:17","date_gmt":"2024-01-10T06:26:17","guid":{"rendered":"https:\/\/smeloans.com\/?p=1352"},"modified":"2024-01-05T06:46:17","modified_gmt":"2024-01-05T06:46:17","slug":"sme-lending-hugely-underserved-market-as-conventional-banking-unable-to-handle-business-volume-from-the-sector","status":"publish","type":"post","link":"https:\/\/smeloans.com\/index.php\/2024\/01\/10\/sme-lending-hugely-underserved-market-as-conventional-banking-unable-to-handle-business-volume-from-the-sector\/","title":{"rendered":"SME lending hugely underserved market as conventional banking unable to handle business volume from the sector"},"content":{"rendered":"\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Micro, small and medium enterprises (<a href=\"https:\/\/financialexpress.com\/about\/msme-news\/\">MSME<\/a>) play a key role in\u00a0<a href=\"https:\/\/www.financialexpress.com\/india-news\/\">India<\/a>\u2019s industrial production and the sector contributes nearly 30% to the country\u2019s gross domestic product (GDP). They account for around 40% of India\u2019s exports and employ 11.10 crore people, according to the 2022-23 annual report of the MSME ministry. The sector\u2019s contribution to the service sector is not fully accounted for yet. Though the sector is contributing substantially to the country\u2019s manufacturing output, it is the most scattered and unorganized among all industries. This heterogeneous character stands as a major hurdle in its path to expansion, modernisation and technological advancements.\u00a0\u00a0<\/p>\n<cite><a href=\"https:\/\/www.financialexpress.com\/business\/sme\/cafe-sme\/sme-lending-hugely-underserved-market-as-conventional-banking-unable-to-handle-business-volume-from-the-sector\/3290166\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.financialexpress.com\/business\/sme\/cafe-sme\/sme-lending-hugely-underserved-market-as-conventional-banking-unable-to-handle-business-volume-from-the-sector\/3290166\/<\/a><\/cite><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Micro, small and medium enterprises (MSME) play a key role in\u00a0India\u2019s industrial production and the sector contributes nearly 30% to the country\u2019s gross domestic product (GDP). They account for around 40% of India\u2019s exports and employ 11.10 crore people, according to the 2022-23 annual report of the MSME ministry. The sector\u2019s contribution to the service [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[37],"tags":[45],"class_list":["post-1352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-sme-loan-india"],"_links":{"self":[{"href":"https:\/\/smeloans.com\/index.php\/wp-json\/wp\/v2\/posts\/1352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smeloans.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smeloans.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smeloans.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/smeloans.com\/index.php\/wp-json\/wp\/v2\/comments?post=1352"}],"version-history":[{"count":1,"href":"https:\/\/smeloans.com\/index.php\/wp-json\/wp\/v2\/posts\/1352\/revisions"}],"predecessor-version":[{"id":1353,"href":"https:\/\/smeloans.com\/index.php\/wp-json\/wp\/v2\/posts\/1352\/revisions\/1353"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/smeloans.com\/index.php\/wp-json\/wp\/v2\/media\/1167"}],"wp:attachment":[{"href":"https:\/\/smeloans.com\/index.php\/wp-json\/wp\/v2\/media?parent=1352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smeloans.com\/index.php\/wp-json\/wp\/v2\/categories?post=1352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smeloans.com\/index.php\/wp-json\/wp\/v2\/tags?post=1352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}