Role of Rural Business Incubators in Translating Micro Finance to Sustainable Micro Enterprises

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Provided by: Academic Journals
Topic: SMBs
Format: PDF
Present paper looks at how Rural Business Incubators (RBIs) and Enterprise Resource Centers (ERCs) together with Micro Finance Institutions (MFIs) can contribute to inclusive growth. India's informal sector has a very powerful presence of brilliant entrepreneurs, who can potentially contribute to India's fight against poverty and have the potential for much more employment and income generation, if appropriate institutional mechanisms are created to provide needed and timely assistance. Here comes the role of RBIs and ERCs and MFIs. Approximately 93% of the enterprises are in the informal sector in India. Together with Micro, Small and Medium Enterprises (MSMEs), informal sector contributes close to 60% to GDP and 40% or more to export trade.
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