The incremental flow of term loan to the SME sector is estimated at Rs.1,48,720 crore, which translates into a growth rate of an average 24.1 per cent per annum for the Plan period (GoI, 2006). Despite the risk, financing of first time entrepreneurs is a must for financial inclusion and growth.
Many pension savers would then face a situation in which their pension assets would no longer allow them to maintain the standard of living they had hoped for in their retirement. Some of those who had already planned to retire would then find themselves forced to stay on at work longer than they had intended.