MSME: Reviving MSMEs: how money flow-based lending and account aggregation can unlock their true potential


Synopsis

Unorganised companies and MSMEs face the acute downside of little or no entry to credit score. Worse, a chronic financial slowdown, adopted by the debilitating results of Covid-19, has crippled this already cash-strapped section, which accounts for greater than 1 / 4 of the nation’s GDP. Money flow-based lending may very well be the important thing to reviving it.

By MEDICI GlobalIndia is dwelling to greater than 63 million micro, small, and medium enterprises (MSMEs). Though solely 10% of those corporations have entry to formal credit score, the sector contributes greater than 28% of the nation’s GDP*. These numbers underline the crucial position MSMEs play in fuelling the nation’s financial development and the dire want to incorporate extra of them into formal credit score. A chronic financial slowdown, adopted by the debilitating results

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