NBFCs' role in Tier-2 and Tier-3 cities for women entrepreneurs

With Tier 2 and Tier 3 cities making up around a big component of the MSME sector, it is crucial that women entrepreneurs in these cities receive a boost so that the sector itself can flourish. The main aim of an NBFC is to generate funds while mitigating risks. NBFCs can bridge the gap in providing funds to small businesses where bank loans are not available.