New policy planned to boost SME participation in exports

Data from the SME Foundation reveals that only 9% of CMSME entrepreneurs currently secure direct bank loans.

New policy planned to boost SME participation in exports

According to the SME Foundation, the current landscape for CMSME entrepreneurs remains challenging regarding financial access. Only 9% of these entrepreneurs are able to secure direct bank loans, while an additional 14% rely on microfinance institutions for their funding needs. To address these gaps and encourage greater participation in the export sector, a new policy is being planned.

#SME#Exports#Finance#SME Foundation