Industry stakeholders and ecosystem players have highlighted several critical factors that hinder Micro, Small and Medium Enterprises (MSMEs) from securing credit from traditional financial institutions. Among these factors are inadequate business planning, substandard accounting practices, and insufficient documentation of cash flow. Additionally, stakeholders pointed out the lack of thorough market analysis and viability assessments, as well as inadequate insurance coverage, as significant barriers to obtaining necessary financial support. These challenges contribute to the overall difficulty MSMEs face in accessing credit, which is essential for their growth and sustainability.
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