Gs-3 : Economic growth Biggest problem of India's growth sto | VK IAS by Vikas kanukollu (VK)
Gs-3 : Economic growth
Biggest problem of India's growth story is the Jobless growth- This leads to Inequality- So we have to focus on Employment Elasticity of Growth-MSME sector can solve this problem- because it can create jobs-> How to use MSMEs for inclusive growth
But there are some problems for MSME sector- Getting capital (money to invest in business) is hard for small businesses.Many MSMEs aren't fully registered under GST, which affects their loan eligibility. Suggested Solutions:
Create a Merchant Credit Card for easier loan access. Use digital platforms for quicker loan processing. Move from physical collateral to revenue-based lending for MSME loans. Keep accurate digital financial records to help MSMEs show their creditworthiness.
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