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19 May 2010Muralidhar Dasar
Small and Medium Enterprises (SMEs) are significant stakeholders in India’s economic development. Their contribution amounts to about one-fifth of the GDP, and they also count among the top three employment generators in the country. The Securities and Exchange Board of India (SEBI), after a careful examination of the topic about reviving the SME segment, identified the following concerns –
- The cost of raising capital for SMEs was high.
- The existing means of financing were not adequate. SMEs did not have easy access to funds from VCs/PE players.
- The existing compliance costs associated with raising funds were high.