According to the extant literature insights, most of MSMES are struggling to access credit to finance their growth and development.

According to the extant literature insights, most of MSMES are struggling to access credit to finance their growth and development.

Question:

According to the extant literature insights, most of MSMES are struggling to access credit to finance their growth and development.Discuss both theoretical and practical reasons why mainstream banking are not lending to MSMES to the quantum which is commensurate with the actual demand? 

Expert Answer:

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The struggle of Micro Small and Medium Enterprises MSMEs in accessing credit from mainstream banks is a multifaceted issue with both theoretical and practical reasons contributing to this challenge Le
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