What is the Role of Government in Facilitating Access to Finance?
Governments can significantly impact access to finance for entrepreneurs through:
1. Regulatory Frameworks: Implementing policies that encourage lending to small businesses. 2. Funding Programs: Offering grants, subsidies, and low-interest loans. 3. Tax Incentives: Providing tax breaks or incentives for investments in startups. 4. Support Services: Establishing incubators, accelerators, and advisory services to support entrepreneurial growth.