Adequate funding is one of the major ingredients for the success of MSME sector in the country. One of the major limitation faced by MSME sector is accessibility to finance at lower interest rates at the right time. Considering the importance of MSME Sector and the overall contribution in the Indian economy, Government has taken several initiatives to augment the status of MSMEs in the country through various schemes and financing options.
Finance Facilitation Centres
Finance Facilitation Centre provides exclusive window to SC/ST entrepreneurs aimed at simplifying the process of accessing funds and puts in place a time bound delivery mechanism for all proposals. The centre conducts a pre-appraisal of the proposal and communicate with the financial institution indicated by the SC/ST entrepreneurs. These centres are established by NSIC.