The Indian government has implemented a number of reforms to liberalise, regulate, and improve this business. The government and the Reserve Bank of India (RBI) have made a number of steps to make it easier for Micro, Small, and Medium Enterprises (MSMEs) to obtain financing (MSMEs). These initiatives include establishing a Micro Units Development and Refinance Agency, establishing a Credit Guarantee Fund Scheme for MSMEs, releasing guidelines to banks about collateral requirements, and establishing a Credit Guarantee Fund Scheme for MSMEs (MUDRA). India is unquestionably one of the world’s most lively capital markets, thanks to a concerted effort from the government and the business sector.
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