Challenges faced by Micro, Small & Medium Enterprise Sector
1. Absence of adequate and timely supply of finance for working capital
2. Limited ability for expansion and modernization
3. High cost of credit & collateral requirement
4. Lack of proper transportation and warehousing
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Paramshila Devi is a resident of Mehnar block of Vaishali, Bihar. She belonged to a poor family as her husband was a mechanic who could barely earn Rs 200-250 per day, which seemed insufficient for taking care of their family with 3 kids.
Paramshila Devi