Public Credit Guarantee for Small Enterprises in India: An Explainer
In many parts of the world, including India, Public Credit Guarantee Programmes (PCGP) improve access to credit for small enterprises that are unable to obtain assistance from mainstream financers. This brief discusses the relevance of PCGPs in India, their mechanisms, features, and efficiency. Although these programmes have improved access to credit for MSMEs (micro, small and medium enterprises), there are concerns regarding their efficiency an