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Enhancing financial capability of MSEs would help them move away from informal sources of finance: Mundra

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Micro and small entities are typically enterprises with little or no credit histories and with inadequate expertise in preparing financial statements etc, said S. S. Mundra, Deputy Governor, RBI.

While addressing at the BRICS Workshop on Financial Inclusion here recently, Mundra said, “Financial Inclusion is the process of ensuring access to appropriate financial products and services needed by all sections of the society in general and vulnerable groups such as weaker sections and low income groups in particular at an affordable cost in a fair and transparent manner by mainstream institutional players”.

For more on this story visit the following link: Enhancing financial capability of MSEs would help them move away from informal sources of finance: Mundra

Source: Knowledge & News Network

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