Measures for efficient SME credit enhancement

Measures for efficient SME credit enhancement

Strong, robust and focused institutional infrastructure is important to create the overall environment for making credit enhancement and credit supplementation initiatives for SME sector more effective in Sri Lanka, Central Bank governor Dr. Indrajit Coomaraswamy said. In any economy, Dr. Coomaraswamy said it is the small and medium enterprise sector that nurtures inclusive social and economic growth. In addition, the SME sector generates employment, reduces inequality and poverty, and promotes entrepreneurship and innovation. Further, SME contributes significantly to balance the regional development as well.