However, lately few alternate sources of finance have become available in the market as a supplement to bank credit. The common forms of alternative finance include crowd-funding, Invoice trading, Peer-to-peer or marketplace lending, Angel investors etc. Similarly, NSE has a SME platform for entities whose post issue paid up capital is less than or equal to Rs.25 crores.
For instance, in the US, while the overnight rate is close to zero, the 3month Libor rate, which is a key rate in the transmission mechanism, is around 1.3%, in line with the 2003-2004 period.