New Delhi, June 4 -- Small and medium-sized enterprises (SMEs) are crucial in driving economic growth, fostering innovation, and creating employment opportunities. However, one of the most common challenges they face is limited access to finance. In addition to the initial investment made by the owners, proprietors, or partners, SMEs often require external financial support in the form of loans to sustain and grow their businesses.

These loans are typically needed at different stages of the business lifecycle. They are crucial when starting a new enterprise, upgrading infrastructure, expanding operations, or investing in advanced technologies to stay competitive. Financial support at these critical junctures plays a key role in establish...