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Prepared by Purva Khera.
Collectively contributing 3 percent to India’s industrial output and employ over 8 million people.
Physical capital is used both as collateral to obtain loans and as an input to production. A shock that reduces the productive capacity of entrepreneurs also reduces their ability to borrow, forcing them to cut back on their investment expenditures and, thus, on their demand for capital. This situation can spill over to the subsequent periods, reducing revenues, production and investments even further.
Micro Units Development and Refinance Agency.
Womens’ businesses accounted for about one-half of the total amount lent under the scheme, and about four-fifths of the number of loans, in part reflecting scheme’s support to new business undertakings led by women.