So far Ministry has identified 60 clusters for focused development of SSI and banks in these areas are initiating necessary steps to meet their credit requirements effectively. Future action As the evidence shows, several initiatives are being taken at the national and international levels to foster the development of SMEs and improve their access to finance.
Notwithstanding these initiatives, impediments to SME finance remain, in different degrees, in both developed and developing economies, which constitute the single most important factor that could circumscribe their growth trajectory.