The vast majority of firms in developing economies are micro and small enterprises owned by families whose members also provide the labour to the units. Often, they fail to grow in size even with the relaxation of credit constraints. In this paper, we show that frictions in the labour market...

Theoretical perspectives and empirical literature -- MSMEs access to finance and policy initiatives -- Micro, small and medium enterprises in India: their characteristics and evolution over time -- Access to credit and small firm growth -- gender, small firm ownership and credit constraints --...