Industry body Assocham along with public policy organisation EGROW Foundation on Thursday released an exhaustive study on the challenges faced by MSMEs in the country and suggested solutions to address them. The study was based on a survey conducted in August this year including quantitative data of over 150 companies from the survey with feedback from around 120 industry stakeholders.

According to the report, MSMEs across India face key challenges related to access to finance, compliance with taxation and labour laws, obtaining business registrations, and securing clearances from various departments.

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